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Operational Cost Savings Sample Clauses

Operational Cost Savings. The first-year amount of Savings for Operational Costs is the sum of the below listed ECMs. The Savings are based on the Customer Guarantee Practices set forth in Section C.4. The Operational Costs Savings described below and identified in Section D.1 are deemed satisfied upon execution of the Main Agreement. The Customer acknowledges and agrees that, if it did not enter into this Agreement, it would have to take future steps to achieve the same ends as does the Work included in Attachment A, and that, in doing so, it would incur Operational Costs of at least the amount per year over the Guarantee Term as presented below and in the Schedule of Guaranteed Savings. The Customer agrees that, by entering into this Agreement, it will avoid future Operational Costs in at least these amounts. Further, the Customer acknowledges that Operational Costs Savings categorized as capital cost avoidance are part of, or are causally connected to the Work specified in Attachment A (i.e., the ECMs being implemented), and are documented by industry standard engineering methodologies acceptable to the Customer. Customer agrees that the Baseline for the unit cost of Operational Costs will be adjusted each year of the Guarantee Term. This annually adjusted value of operational unit costs is stipulated as the new baseline in each succeeding year. Customer agrees that the Baseline adjustment is stipulated to be an escalation of 2% per year for Operational Costs used in the determination of Operational Costs Savings each year. The Operational Costs Savings were identified, reviewed, and agreed to by a team of Customer’s representatives including Xxxxxxx Xxxxxxx – Assistant Superintendent of Business, and Xxxx Xxxxxxxxxx – Director of Facilities. . OSD # Operational Savings Description (OSD) Att. A Ref. Cost Avoidance Category (O&M, Capital, ) 1st Year Cost Avoidance 1 LED Lighting and Lighting Controls Upgrade 1 O&M $1,482 2 Boiler Replacement 2 O&M $10,000 3 Building Management System Upgrades 3 O&M $28,493 Total $39,975 [a] O&M: operations and maintenance.
Sample 1See All (5)
Operational Cost Savings. The annual guarantee of operational cost avoidance strategies are listed below. The Savings are based on the listed Energy and Operational Cost Avoidance Guarantee practices contained in Section 1.3 herein. The operational cost savings identified below are deemed satisfied upon contract execution. HVAC Replacement at RSC – savings of calls for repairs, comfort issues and maintenance on the HVAC systems, reduction of annual service agreement costs = $
Sample 1
Operational Cost Savings. 1030 (i) Following the date of Substantial Completion and subject to Section 1031 7.3.3, to the extent Developer’s NOI exceeds one-hundred and ten percent (110%) of Projected 1032 NOI for the same semi-annual period as established in Exhibit E, Developer agrees to make a 1033 payment to the City in an amount equal to the amount set forth in Section 7.3.2(ii). 1034 (ii) The distribution to the City will be equal to 100% of the first 1035 $750,000 of any such annual surplus (over 100% of Projected NOI) and 90% of any additional 1036 annual surplus (over 100% Projected NOI), with the remaining 10% of such annual surplus 1037 retained by Developer. 2 The final Agreement will include an exhibit identifying additional details. 1038 Section 7.3.3. Changed Conditions Costs. If as a result of the occurrence of a 1039 Changed Condition the Developer (a) incurs, or will incur, additional costs or (b) will be 1040 required to make any payments to any Financing Party prior to the achievement by the 1041 Developer of Substantial Completion (“Changed Condition Costs”), the City may elect in its 1042 sole discretion to fund the Changed Condition Costs. If City declines to do so, Developer may 1043 elect to advance required amounts to the Construction Contractor or other third parties (including 1044 any Financing Party) (“Changed Condition Loans”). The Changed Condition Loans shall be 1045 repaid pursuant to a schedule agreed to by the Parties. The repayment to the Developer of the 1046 Changed Condition Loans shall be made from first, to the extent any exist, any Parking Fees that 1047 exceed 110% of Projected NOI (for the avoidance of doubt, before any distribution to the City 1048 pursuant to Section 7.2); second from an increase to the Support Payments as agreed to by the 1049 Parties; and third from the proceeds of any sale or transfer of the Project as contemplated herein. 1050 Where neither Party funds the Changed Condition Costs, Section 11.7 shall apply. Upon 1051 termination of the Agreement for any reason, any amount outstanding under any Changed 1052 Condition Loan shall be immediately due and payable by the City to Developer. Any extensions 1053 to the milestones or dates referenced in Section 5.6.2 arising from a Changed Condition shall be 1054 dealt with in accordance with Section 5.6.2. 1055 Section 7.4. Annual Reporting for Calculations. The calculation of Stabilization 1056 Payments and Cost Savings reimbursement mechanisms will be referenced against Dev...
Sample 1
Operational Cost Savings. The annual guarantee of operational cost avoidance strategies are listed below. The Savings are based on the listed Energy and Operational Cost Avoidance Guarantee Practices contained in Section
Sample 1
Operational Cost Savings. The annual guarantee of operational cost avoidance strategies are listed below. The Savings are based on the practices contained in Section 6.5 below and in the IGA Report. The operational cost savings described below and identified in this Section 6 are deemed satisfied upon contract execution. The Customer acknowledges and agrees that, if it did not enter into this agreement, it would have to take future steps to achieve the same ends as does the work included in Attachment A of this contract, and that, in doing so, it would incur operational costs of at least the amount per year over the life of the performance period as presented below and in the Schedule of Savings. The Customer agrees that, by entering into this agreement, it will avoid future operational costs in at least these amounts. The operational cost avoidance values were identified, reviewed, and agreed to by a team of Customer’s representative. OSD # Operational Savings Description (OSD) ESM # Cost Avoidance Category (O&M) 1st Year Cost Avoidance 1 Lighting and Lighting Controls (LED) 1 $ 11,962 $ 11,962 2 Street Lighting Upgrades 2 $ 69,751 $ 69,751 3 Boiler Replacements &Pump Upgrades 3 $ 13,925 $ 13,925 4 Replace Multi-Zone AHU & Cooling System 4 $ 12,680 $ 12,680 5 Building Management System Upgrades 5 $ 9,315 $ 9,315 6 Building Envelope Improvements 6 $ 0 $ 0 7 Water Conservation 7 $ 1,152 $ 1,152 8 Walk-In Cooler/Freezer Controls 8 $ 0 $ 0 9 Desktop Computer Power Management 9 $ 0 $ 0 10 Computer Peripheral Power Management 10 $ 0 $ 0 11 Plug Load Power Management 11 $ 0 $ 0 12 Pipe Insulation 12 $ 0 $ 0 Total $ 118,786 $ 118,786 [a] O&M: operations and maintenance.
Sample 1
Operational Cost Savings. The annual guarantee of operational cost avoidance strategies are listed below. The Savings are based on the listed Energy and Operational Cost Avoidance Guarantee Practices described herein. The operational cost savings described below and identified in the Schedule of Savings table above are deemed satisfied upon contract execution. The Customer acknowledges and agrees that, if it did not enter into this Contract, it would have to take future steps to achieve the same ends as does the work included in Schedule A of this contract, and that, in doing so, it would incur operational costs of at least the amount per year over the life of the performance period as presented below and in the Schedule of Savings. The Customer agrees that, by entering into this Contract, it will avoid future operational costs in at least these amounts. Customer agrees that the baseline for the unit cost of operations will be adjusted each year of the guarantee term. This annually adjusted value of operational unit cost is stipulated as the new baseline in each succeeding year. Customer agrees that baseline adjustment is stipulated to be an escalation of 2% per year for operational costs used in the determination of operational cost avoidance each year. The operational cost avoidance values were identified, reviewed, and agreed to by a team of Customer’s representatives including Xx. Xxxx Xxxxxx, Sustainability Manager. 1 Lighting Upgrades O & M $23,682 2 Building Envelope O & M $0 3a Mechanical DX Replacements O & M $3,304 3b Mechanical DX Coil Rejuvenation O & M $275 3c Programmable Thermostats O & M $0 4 Street Lights O & M $4,039 5 Water Conservation O & M $0 6 Submetering O & M $0 Total $31,300
Sample 1

Related to Operational Cost Savings

  • Cost Savings Developer shall work cooperatively with Architect, Construction Manager, subcontractors and District, in good faith, to identify appropriate opportunities to reduce the Project costs and promote cost savings. Any identified cost savings from the Guaranteed Maximum Price shall be identified by Developer, and approved in writing by the District. In the event Developer realizes a savings on any aspect of the Project, such savings shall be added to the Contingency and expended consistent with the Contingency. In addition, any portion of Allowance remaining after completion of the Project shall be added to the Contingency. If any cost savings require revisions to the Construction Documents, Developer shall work with the District and Architect with respect to revising the Construction Documents and, if necessary, obtaining the approval of DSA with respect to those revisions. Developer shall be entitled to an adjustment of Contract Time for delay in completion caused by any cost savings adopted by District pursuant to Exhibit D, if requested in writing before the approval of the cost savings.

  • Budget Consulting Engineer/Architect shall advise City if, in its opinion, the amount budgeted for construction is not sufficient to adequately design and construct the improvement as requested.

  • Accounting System Requirement The Contractor shall maintain an adequate system of accounting and internal controls that meets Generally Accepted Accounting Principles or “GAAP.”

  • Performance Improvement Plan timely and accurate completion of key actions due within the reporting period 100 percent The Supplier will design and develop an improvement plan and agree milestones and deliverables with the Authority 3.2 The Authority may from time to time make changes to the KPIs measured as set out in paragraph 3.1 above and shall issue a replacement version to the Supplier. The Authority shall give notice In Writing of any such change to the KPIs measured and shall specify the date from which the replacement KPIs must be used for future reports. Such date shall be at least thirty (30) calendar days following the date of the notice to the Supplier.

  • Tax Accounting Services (1) Maintain accounting records for the investment portfolio of the Fund to support the tax reporting required for “regulated investment companies” under the Internal Revenue Code of 1986, as amended (the “Code”). (2) Maintain tax lot detail for the Fund’s investment portfolio. (3) Calculate taxable gain/loss on security sales using the tax lot relief method designated by the Trust. (4) Provide the necessary financial information to calculate the taxable components of income and capital gains distributions to support tax reporting to the shareholders.

  • Long Term Cost Evaluation Criterion # 4 READ CAREFULLY and see in the RFP document under "Proposal Scoring and Evaluation". Points will be assigned to this criterion based on your answer to this Attribute. Points are awarded if you agree not i ncrease your catalog prices (as defined herein) more than X% annually over the previous year for years two and thr ee and potentially year four, unless an exigent circumstance exists in the marketplace and the excess price increase which exceeds X% annually is supported by documentation provided by you and your suppliers and shared with TIP S, if requested. If you agree NOT to increase prices more than 5%, except when justified by supporting documentati on, you are awarded 10 points; if 6% to 14%, except when justified by supporting documentation, you receive 1 to 9 points incrementally. Price increases 14% or greater, except when justified by supporting documentation, receive 0 points. increases will be 5% or less annually per question Required Confidentiality Claim Form This completed form is required by TIPS. By submitting a response to this solicitation you agree to download from th e “Attachments” section, complete according to the instructions on the form, then uploading the completed form, wit h any confidential attachments, if applicable, to the “Response Attachments” section titled “Confidentiality Form” in order to provide to TIPS the completed form titled, “CONFIDENTIALITY CLAIM FORM”. By completing this process, you provide us with the information we require to comply with the open record laws of the State of Texas as they ma y apply to your proposal submission. If you do not provide the form with your proposal, an award will not be made if your proposal is qualified for an award, until TIPS has an accurate, completed form from you. Read the form carefully before completing and if you have any questions, email Xxxx Xxxxxx at TIPS at xxxx.xxxxxx@t xxx-xxx.xxx

  • Variances From Operating Budget Furnish Agent, concurrently with the delivery of the financial statements referred to in Section 9.7 and each monthly report, a written report summarizing all material variances from budgets submitted by Borrowers pursuant to Section 9.12 and a discussion and analysis by management with respect to such variances.

  • Additional Costs, Etc Notwithstanding anything herein to the contrary, if any present or future applicable law, which expression, as used herein, includes statutes, rules and regulations thereunder and interpretations thereof by any competent court or by any governmental or other regulatory body or official charged with the administration or the interpretation thereof and requests, directives, instructions and notices at any time (or from time to time) hereafter made upon or otherwise issued to any Lender or the Agent by any central bank or other fiscal, monetary or other authority (whether or not having the force of law), shall: (a) subject any Lender or the Agent to any tax, levy, impost, duty, charge, fee, deduction or withholding of any nature with respect to this Agreement, the other Loan Documents, such Lender’s Commitment, a Letter of Credit or the Loans (other than taxes based upon or measured by the gross receipts, income or profits of such Lender or the Agent or its franchise tax), or (b) materially change the basis of taxation (except for changes in taxes on gross receipts, income or profits or its franchise tax) of payments to any Lender of the principal of or the interest on any Loans or any other amounts payable to any Lender under this Agreement or the other Loan Documents, or (c) impose or increase or render applicable any special deposit, reserve, assessment, liquidity, capital adequacy or other similar requirements (whether or not having the force of law and which are not already reflected in any amounts payable by the Borrower hereunder) against assets held by, or deposits in or for the account of, or loans by, or commitments of an office of any Lender, or (d) impose on any Lender or the Agent any other conditions or requirements with respect to this Agreement, the other Loan Documents, the Loans, such Lender’s Commitment, a Letter of Credit or any class of loans or commitments of which any of the Loans or such Lender’s Commitment forms a part; and the result of any of the foregoing is: (i) to increase the cost to any Lender of making, funding, issuing, renewing, extending or maintaining any of the Loans, the Letters of Credit or such Lender’s Commitment, or (ii) to reduce the amount of principal, interest or other amount payable to any Lender or the Agent hereunder on account of such Lender’s Commitment or any of the Loans or the Letters of Credit, or (iii) to require any Lender or the Agent to make any payment or to forego any interest or other sum payable hereunder, the amount of which payment or foregone interest or other sum is calculated by reference to the gross amount of any sum receivable or deemed received by such Lender or the Agent from the Borrower hereunder, then, and in each such case, the Borrower will, within fifteen (15) days of demand made by such Lender or (as the case may be) the Agent at any time and from time to time and as often as the occasion therefor may arise, pay to such Lender or the Agent such additional amounts as such Lender or the Agent shall determine in good faith to be sufficient to compensate such Lender or the Agent for such additional cost, reduction, payment or foregone interest or other sum. Each Lender and the Agent in determining such amounts may use any reasonable averaging and attribution methods generally applied by such Lender or the Agent.

  • Long Term Cost Evaluation Criterion 4. READ CAREFULLY and see in the RFP document under "Proposal Scoring and Evaluation". Points will be assigned to this criterion based on your answer to this Attribute. Points are awarded if you agree not increase your catalog prices (as defined herein) more than X% annually over the previous year for the life of the contract, unless an exigent circumstance exists in the marketplace and the excess price increase which exceeds X% annually is supported by documentation provided by you and your suppliers and shared with TIPS, if requested. If you agree NOT to increase prices more than 5%, except when justified by supporting documentation, you are awarded 10 points; if 6% to 14%, except when justified by supporting documentation, you receive 1 to 9 points incrementally. Price increases 14% or greater, except when justified by supporting documentation, receive 0 points. increases will be 5% or less annually per question Required Confidentiality Claim Form This completed form is required by TIPS. By submitting a response to this solicitation you agree to download from the “Attachments” section, complete according to the instructions on the form, then uploading the completed form, with any confidential attachments, if applicable, to the “Response Attachments” section titled “Confidentiality Form” in order to provide to TIPS the completed form titled, “CONFIDENTIALITY CLAIM FORM”. By completing this process, you provide us with the information we require to comply with the open record laws of the State of Texas as they may apply to your proposal submission. If you do not provide the form with your proposal, an award will not be made if your proposal is qualified for an award, until TIPS has an accurate, completed form from you. Read the form carefully before completing and if you have any questions, email Xxxx Xxxxxx at TIPS at xxxx.xxxxxx@xxxx-xxx.xxx If the vendor is awarded a contract with TIPS under this solicitation, the vendor agrees to make any Choice of Law clauses in any contract or agreement entered into between the awarded vendor and with a TIPS member entity to read as follows: "Choice of law shall be the laws of the state where the customer resides" or words to that effect.

  • Mileage Measurement Where required, the mileage measurement for LIS rate elements is determined in the same manner as the mileage measurement for V&H methodology as outlined in NECA Tariff No. 4.

Most Referenced Clauses

Most Referenced Definitions