Post-Installation Costs Clause Samples

Post-Installation Costs. Post-Installation Costs shall be the cost of fuel, energy or water consumption or wastewater production resulting from the installation and implementation of the ECMs. Post-Installation Costs shall be the product of (i) the calculated amount of fuel, energy or water consumption or wastewater production during the applicable time period, and (ii) the Utility Rates as defined below; together with the stipulated operation and maintenance cost savings resulting from the implementation and installation of the ECMs. The operation and maintenance cost savings have been negotiated and agreed upon by the parties and there is no need to verify the agreed savings.