Common use of Services or Retrofits in Lieu of Guarantee Payment Clause in Contracts

Services or Retrofits in Lieu of Guarantee Payment. If in the judgment of District, District would benefit from additional energy services or energy saving retrofits, District and ENGIE Services U.S. may mutually agree that ENGIE Services U.S. will provide such services or retrofits in lieu of the Guarantee Payment for such Measurement Period. For the purposes of this Contract, such services or retrofits will have a deemed value equal to the Guarantee Shortfall for that Measurement Period.

Services or Retrofits in Lieu of Guarantee Payment. If in the judgment of District, District would benefit from additional energy services or energy saving retrofits, District and ENGIE Services U.S. may mutually agree that ENGIE Services U.S. will provide such services or retrofits in lieu of the Guarantee Payment for such Measurement PeriodTrue-Up Term. For the purposes of this Contract, such services or retrofits will have a deemed value equal to the Guarantee Shortfall for that Measurement PeriodTrue-Up Term.