Savings Estimates Sample Clauses

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. For the purposes of completing the Cash Flow Analysis in Schedule M of the Report, the following items will be allowed as savings or in the development of savings: Escalation rates of Escalation rates of Escalation rates of Escalation rates of Escalation rates of Escalation rates of 0 % for natural gas 0 % for electricity 0 % for oil 0 % for steam 0 % for water 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 It should be noted that the base value for each fuel and water unit will not devalue in the event of any rate decrease. The ISSUER reserves the right to impose ceiling rates for all escalations. 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. 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 1See All (4)
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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 the purposes of completing the Cash Flow Analysis in Attachment B, the following items will be allowed as savings or in the development of savings: Escalation rates of % for natural gas2 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. The Company may seek exemptions from the Institution on a case-by-case basis. However, the final determination of allowable savings in each case considered shall reside with the Institution: Institution in-house labor cost Institution deferred maintenance cost Offset of future Institution capital cost
Sample 1
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.
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
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
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

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).

  • Volume Estimate The estimated volumes of timber by species designated for cutting under B2.3 and expected to be cut under Utilization Standards are listed in A2. If Sale Area Map indicates that there are incom- pletely Marked subdivisions, the objective of Forest Ser- vice shall be to designate for cutting in such subdivisions sufficient timber so that Sale Area shall yield the ap- proximate estimated volume by species or species groups stated in A2. However, the estimated volumes stated in A2 are not to be construed as guarantees or limitations of the timber volumes to be designated for cut- ting under the terms of this contract. Volume adjustments shall not be made under this Section after there is modification for Catastrophic Dam- age under B8.32.

  • Cost Estimating The Model may be used to develop cost estimates based on the approximate data provided and conceptual estimating techniques (e.g., volume and quantity of elements or type of system selected).

  • SAVINGS/FORCE MAJEURE A force majeure occurrence is an event or effect that cannot be reasonably anticipated or controlled. Force majeure includes, but is not limited to, acts of God, acts of war, acts of public enemies, strikes, fires, explosions, actions of the elements, floods, or other similar causes beyond the control of the Contractor or the Commissioner in the performance of the Contract which non- performance, by exercise of reasonable diligence, cannot be prevented. Contractor shall provide the Commissioner with written notice of any force majeure occurrence as soon as the delay is known. Neither the Contractor nor the Commissioner shall be liable to the other for any delay in or failure of performance under the Contract due to a force majeure occurrence. Any such delay in or failure of performance shall not constitute default or give rise to any liability for damages. The existence of such causes of such delay or failure shall extend the period for performance to such extent as determined by the Contractor and the Commissioner to be necessary to enable complete performance by the Contractor if reasonable diligence is exercised after the cause of delay or failure has been removed. Notwithstanding the above, at the discretion of the Commissioner where the delay or failure will significantly impair the value of the Contract to the State or to Authorized Users, the Commissioner may:

  • Benefit Accrual Seniority, for the purpose of vacation, pension and sick leave accrual shall be based upon an employee’s continuous length of service with WSF. Seniority, for the purpose of all other benefit accrual, shall be by bargaining unit-wide seniority based upon an employee’s continuous length of service or adjusted length of service within the bargaining unit.

  • Cost Estimate An estimate of the total project cost including but not limited to direct expenses, indirect expenses, land cost, and capital expenses.

  • 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.

  • How Do I Correct an Excess Contribution? If you make a contribution in excess of your allowable maximum, you may correct the excess contribution and avoid the 6% penalty tax for that year by withdrawing the excess contribution and its earnings on or before the date, including extensions, for filing your tax return for the tax year for which the contribution was made (generally October 15th). Any earnings on the withdrawn excess contribution may also be subject to the 10% early distribution penalty tax if you are under age 59½. In addition, although you will still owe penalty taxes for one or more years, excess contributions may be withdrawn after the time for filing your tax return. Excess contributions for one year may be carried forward and applied against the contribution limitation in succeeding years. An individual who is partially or entirely ineligible to make contributions to a Xxxx XXX may transfer amounts of up to the yearly contribution limits to a non-deductible Traditional IRA (subject to reduction for amounts remaining in the Xxxx XXX plus other Traditional IRA contributions).

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