Savings Estimates Sample Clauses

Savings Estimates. The Agency has endeavored to provide the Company with sufficient general and specific guidance in this Article 1 to develop the savings estimates for the Report. In the event that questions arise as to the calculation of savings or whether certain items will be allowed as savings, the Company shall seek written guidance from the Agency. Agency's rejection of certain calculations of savings or rejection of certain items as allowable savings in the Report shall be at the risk of the Company. The following items will be allowed as savings or in the development of savings:1 - Agency material/commodity cost - Outside maintenance labor cost (if applicable) - Agreed escalation rates for natural gas - Agreed escalation rates for electricity - Agreed escalation rates for water - Agreed escalation rates for material/commodity cost savings - Agreed escalation rates for allowable labor savings The following items will not be allowed as savings or in the development of savings: - Agency in-house labor cost - Agency deferred maintenance cost - Offset of future Agency capital cost
Sample 1
AutoNDA by SimpleDocs
Savings Estimates. (a) The Owner shall endeavor to provide the Contractor with sufficient general and specific guidance pursuant to this Article 2 to develop the savings estimates for the Investment Grade Audit Report. If questions arise as to the calculation of savings or whether certain items will be allowed as savings, the Contractor shall seek written guidance and instructions from the Owner. The Owner may reject items claimed as savings that do not reflect reductions to items currently included in the Owner’s budget or that have been claimed contrary to the terms of this Agreement or contrary to the written guidance or instructions provided by the Owner. The Owner may reject the Contractor’s calculation of savings if it determines that there is another more suitable or preferable means of determining or calculating such savings. (b) For the purposes of completing the Savings Estimates, the escalation rate for commodity price set forth in Exhibit 8 (Form of Savings Estimate) will be allowed in the development of savings estimates. (c) The following items will not typically be credited as savings derived from a proposed ECM: (i) the Owner’s in-house labor cost, (ii) the Owner’s deferred maintenance cost, (iii) offset of future capital costs of the Owner and (iv) reduced operation and maintenance costs. The Contractor may seek written exemptions from the Owner on a case-by-case basis. However, the final determination of allowable savings in each case considered will reside with the Owner.
Sample 1
Savings Estimates. The Issuer has endeavored to provide the ESCO with sufficient general and specific guidance in this Article 1 to develop the savings estimates for the Report. In the event that questions arise as to the calculation of savings or whether certain items will be allowed as savings, the ESCO should seek written guidance from the Issuer. The Issuer reserves the right to reject items claimed as savings which are not in the Issuer’s utility budget line or which have been claimed contrary to the guidance given in this agreement or contrary to written guidance given to the ESCO. The Issuer also reserves the right to reject the ESCO’s calculations of savings when it determines that there is another more suitable or preferable means of determining or calculating such savings. For the purposes of completing the Cash Flow Analysis in Attachment B and B-1, the following items will be allowed as savings or in the development of savings: Escalation rates of % for natural gas1 Escalation rates of % for electricity Escalation rates of % for oil Escalation rates of % for steam Escalation rates of % for water Escalation rates of % for other fuel type (specify) Escalation rates of % for operation and maintenance cost savings Escalation rates of % for material/commodity cost savings Escalation rates of % for allowable labor savings The following items will not typically be credited as savings derived from a proposed ECM: Issuer’s in-house labor cost, Issuer’s deferred maintenance cost and offset of future Issuer’s capital costs. The ESCO may seek, in writing, permission to include such items from the Issuer on a case-by- case basis. However, the final determination of allowable savings in each case considered shall reside with Issuer.
Sample 1
Savings Estimates. The University has endeavored to provide the ESCO with sufficient general and specific guidance in this Article 1 to develop the savings estimates for the Report. In the event that questions arise as to the calculation of savings or whether certain items will be allowed as savings, the ESCO shall seek written guidance from the University. University’s rejection of certain calculations of savings or rejection of certain items as allowable savings in the Report shall be at the risk of the ESCO. The following items will not be allowed as savings or in the development of savings, including, but not limited to: • University in-house labor cost; • University deferred maintenance cost; and • Offset of future University capital cost.
Sample 1
Savings Estimates. (This information is to be included in Schedule E of the Report) The ISSUER has endeavored to provide the ESCO with sufficient general and specific guidance in this Article 1 to develop the savings estimates for the Report. In the event that questions arise as to the calculation of savings or whether certain items will be allowed as savings, the ESCO should seek written guidance from the ISSUER. The ISSUER reserves the right to reject items claimed as savings which are not in the ISSUER’s utility budget line or which have been claimed contrary to the guidance given in this Agreement or contrary to written guidance given to the ESCO. The ISSUER also reserves the right to reject the ESCO’s calculations of savings when it determines that there is another more suitable or preferable means of determining or calculating such savings. Escalation rates of % for operation and maintenance cost savings Escalation rates of % for material/commodity cost savings Escalation rates of % for allowable labor savings A meeting to review appropriate Schedules, including Schedules E, F and G, shall be held by the ESCO, ISSUER and if requested by the ISSUER, the Qualified Reviewer, prior to proceeding with preparing the rest of the IGA Report. USI shall attend this meeting to assess conformity with statutes and the M&V guidelines. The meeting of these organizations to discuss findings should be conducted in person.
Sample 1
Savings Estimates. The Institution has endeavored to provide the Company with sufficient general and specific guidance in this Article 1 to develop the savings estimates for the Report. In the event that questions arise as to the calculation of savings or whether certain items will be allowed as savings, the Company should seek written guidance from the Institution. The Institution reserves the right to reject items claimed as savings which are not in the Institution’s utility budget line or which have been claimed contrary to the guidance given in this agreement or contrary to written guidance given to Company. The Institution also reserves the right to reject Company calculations of savings when it determines that there is another more suitable or preferable means of determining or calculating such savings. % for natural gas2
Sample 1
Savings Estimates. The Agency shall endeavor to provide the Contractor with sufficient general and specific guidance pursuant to this Article 2 to develop the savings estimates and Savings Guarantee for the Audit Report. If questions arise as to the calculation of savings or whether certain items will be allowed as savings, the Contractor shall seek written guidance and instructions from the Agency. The Agency may reject items claimed as savings that do not reflect reductions to items currently included in the Agency’s budget or that have been claimed contrary to the terms of this Agreement or contrary to the written guidance or instructions provided by the Agency. The Agency may reject the Contractor’s calculation of savings if it determines that there is another more suitable or preferable means of determining or calculating such savings. For the purposes of completing the Cash Flow Analysis in Schedule J (Project Cash Flow Analysis and Savings Guarantee), annual escalation rates for commodity prices used in the development of savings estimates may not exceed: NIST projected % for natural gas; NIST projected % for electricity; NIST projected % for oil; NIST projected % for steam based on fuel source;
Sample 1
AutoNDA by SimpleDocs
Savings Estimates. (This information is to be included in Schedule E of the Report) The ISSUER has endeavored to provide the ESCO with sufficient general and specific guidance in this Article 1 to develop the savings estimates for the Report. In the event that questions arise as to the calculation of savings or whether certain items will be allowed as savings, the ESCO should seek written guidance from the ISSUER. The ISSUER reserves the right to reject items claimed as savings which are not in the ISSUER’s utility budget line or which have been claimed contrary to the guidance given in this Agreement or contrary to written guidance given to the ESCO. The ISSUER also reserves the right to reject the ESCO’s calculations of savings when it determines that there is another more suitable or preferable means of determining or calculating such savings. Escalation rates of 0 % for natural gas Escalation rates of 0 % for electricity Escalation rates of 0 % for oil Escalation rates of 0 % for steam Escalation rates of 0 % for water Escalation rates of 0 % for other fuel type (specify) Escalation rates of % for operation and maintenance cost savings Escalation rates of % for material/commodity cost savings Escalation rates of % for allowable labor savings
Sample 1

Related to Savings Estimates

  • Cost Estimates If this Agreement pertains to the design of a public works project, CONSULTANT shall submit estimates of probable construction costs at each phase of design submittal. If the total estimated construction cost at any submittal exceeds ten percent (10%) of CITY’s stated construction budget, CONSULTANT shall make recommendations to CITY for aligning the PROJECT design with the budget, incorporate CITY approved recommendations, and revise the design to meet the Project budget, at no additional cost to CITY.

  • Estimates and Reconciliation of Estimates Where estimated expenditures are used to determine the amount of the drawdown, the State will indicate in the terms of the State unique funding technique how the estimated amount is determined and when and how the State will reconcile the difference between the estimate and the State's actual expenditures.

  • Estimates User shall pay to Tenant, in advance on a monthly basis, an amount equal to the estimated Rent for each year of the Use Period or part thereof divided by the number of months therein. Attached as Exhibit B is an budget for the Project prepared by Tenant and approved by User, which reflects a good faith estimate of Rent. Based on Exhibit B, the parties have agreed that User will pay to Tenant the monthly sum allocated to User on Exhibit B, in advance, as Tenant’s initial estimate of Rent. From time to time, Tenant may estimate and re-estimate the amount of Rent to be due and deliver a copy of the estimate or re-estimate to User. Thereafter, the monthly installments of Rent shall be appropriately adjusted in accordance with the estimations so that, by the end of the calendar year in question, User shall have paid all of Rent estimated by Tenant for such calendar year. Any amounts paid based on such an estimate shall be subject to adjustment as herein provided when the actual amount of Rent is available for each calendar year or fraction thereof (in the instance of any partial calendar year). (a) On or before January 31 of each calendar year during the term (and within 180 days of the Use Expiration Date), Tenant shall furnish to User a statement of Rent for the previous year (the “Rent Statement”). If Tenant fails to issue a Rent Statement, User will send a written request for Tenant to issue a Rent Statement. Within 30 days of receipt of the request for Rent Statement, Tenant will then issue a Rent Statement. If User’s estimated payments of Rent for the year covered by the Rent Statement exceeded the actual Rent due as indicated in the Rent Statement, then Tenant shall promptly credit or reimburse User for such excess; likewise, if User’s estimated payments of Rent for such year were less than the actual Rent due as indicated in the Rent Statement, then User shall promptly pay Tenant such deficiency. All true up obligations contained in this Agreement shall survive the Use Period. (b) To minimize the administrative burden on each party, Tenant’s books and records with regard to Rent are available for inspection by User at Tenant’s offices during Tenant’s regular business hours for 30 days after the date of issuance of each Rent Statement. The parties agree to work in good faith to address any questions relating to the Rent Statement.

  • Pre-Estimate The parties agree that if Market Quotation applies an amount recoverable under this Section 6(e) is a reasonable pre-estimate of loss and not a penalty. Such amount is payable for the loss of bargain and the loss of protection against future risks and except as otherwise provided in this Agreement neither party will be entitled to recover any additional damages as a consequence of such losses.

  • USE OF ESTIMATES The Sponsor is authorized to make all Net Asset Value determinations (including, without limitation, for purposes of determining redemption payments and calculating Sponsor’s Fees) on the basis of estimated numbers. The Sponsor shall not (unless the Sponsor otherwise determines) attempt to make any retroactive adjustments in order to reflect the differences between such estimated and the final numbers, but rather shall reflect such differences in the Accounting Period in which final numbers become available. The Sponsor also shall not (unless the Sponsor otherwise determines) revise Sponsor’s Fee calculations to reflect differences between estimated and final numbers (including differences which have resulted in economic benefit to a Sponsor Party). If, after payment of redemption proceeds, the Sponsor determines that adjustment to the Net Asset Value of the redeemed Units is necessary, the redeeming Investor (if the Net Asset Value is adjusted upwards) or the remaining Investors (if the Net Asset Value is adjusted downwards) will bear the risk of such adjustment. The redeeming Investor will neither receive further distributions from, nor will it be required to reimburse, this FuturesAccess Fund in such circumstances.

  • Payment and Year-End Adjustment Amounts accrued pursuant to this Agreement shall be payable to the Adviser as of the last day of each month. If necessary, on or before the last day of the first month of each fiscal year, an adjustment payment shall be made by the appropriate party in order that the actual Fund Operating Expenses of a Fund for the prior fiscal year (including any reimbursement payments hereunder with respect to such fiscal year) do not exceed the Maximum Annual Operating Expense Limit.

  • Cost Estimate The cost estimate shall set out the estimated costs for the proposed Change Order in such a way that a fair evaluation can be made. It shall include a breakdown for labor, materials, equipment and markups for overhead and profit, unless TxDOT agrees otherwise. If the work is to be performed by Subcontractors and if the work is sufficiently defined to obtain Subcontractor quotes, DB Contractor shall obtain quotes (with breakdowns showing cost of labor, materials, equipment and markups for overhead and profit) on the Subcontractor’s stationery and shall include such quotes as back-up for DB Contractor’s estimate. No markup shall be allowed in excess of the amounts allowed under Section 10.6. DB Contractor shall identify all conditions with respect to prices or other aspects of the cost estimate, such as pricing contingent on firm orders being made by a certain date or the occurrence or non-occurrence of an event.

  • 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.

  • Overpayment Provider shall be liable to the GLO for any costs disallowed pursuant to financial and/or compliance audit(s) of funds received under this Contract. Provider shall reimburse such disallowed costs from funds other than those that Provider received under this Contract. Provider must refund disallowed costs and overpayments of funds received under this Contract to the GLO within 30 days after the GLO issues notice of overpayment to Provider.

  • Projections As of the Closing Date, to the best knowledge of Borrower, the assumptions set forth in the Projections are reasonable and consistent with each other and with all facts known to Borrower, and the Projections are reasonably based on such assumptions. Nothing in this Section 4.17 shall be construed as a representation or covenant that the Projections in fact will be achieved.

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!