Common Contracts
1 similar Energy Saving Guarantee Contract contracts
ENERGY SAVING GUARANTEE CONTRACTEnergy Saving Guarantee Contract • May 5th, 2004
In that respect, assumption of the commercial risk by the CN means he guarantees that his investments (energy saving measures) will fully be repaid by his contractually agreed share in the saving, and therefore the CL needs not make any investment or raise funds. If the guaranteed reduction of costs is not achieved, the CN will pay the CL a monetary compensation equal to the amount which would have been saved, had the cost reduction actually materialised.1
