Common use of Purpose of Incentive Clause in Contracts

Purpose of Incentive. Subject to the terms of the Master Agreement and this Incentive Schedule, the IESO agrees to pay the Participant the Net Project Incentive in consideration for the Participant undertaking the Project (or Portfolio of Projects) and achieving the Anticipated Electricity Savings for the Project (or Portfolio of Projects).

Appears in 1 contract

Samples: Incentive Schedule for Large Projects

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Purpose of Incentive. Subject to the terms of the Master Agreement and this Incentive Schedule, the IESO agrees to pay the Participant the Net Project Retrofit Incentive in consideration for the Participant undertaking its obligations under the Project (or Portfolio of Projects) and achieving the Anticipated Electricity Savings for the Project (or Portfolio of Projects)Agreement.

Appears in 1 contract

Samples: Incentive Schedule for Retrofit

Purpose of Incentive. Subject to the terms of the Master Agreement and this Incentive Schedule, the IESO agrees to pay the Participant the Net Project Incentive in consideration for the Participant undertaking its obligations under the Project (or Portfolio of Projects) and achieving the Anticipated Electricity Savings for the Project (or Portfolio of Projects)Agreement.

Appears in 1 contract

Samples: Incentive Schedule for Small Capital Projects

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Purpose of Incentive. Subject to the terms of the Master Agreement and this Incentive Schedule, the IESO agrees to pay the Participant the Net Project Engineering Study Incentive in consideration for the Participant undertaking its obligations under the Project (or Portfolio of Projects) and achieving the Anticipated Electricity Savings for the Project (or Portfolio of Projects)Agreement.

Appears in 1 contract

Samples: Incentive Schedule for Preliminary or Detailed Engineering Study Funding

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