Annual Savings definition

Annual Savings means the peak demand or energy savings that occur in a given year (includes resource savings from new program activity and resource savings persisting from previous years).

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Annual Savings means the Measurable Savings that occur in any single Annual Savings period of the Guarantee Term, plus the Stipulated Savings deemed achieved for that annual period. Each Annual Savings period of the Guarantee Term shall commence each year on the first calendar day of the calendar month following the last Date of Substantial Completion.

Annual Savings means the difference between (i) the Base Amount and (ii) the sum of (x) the aggregate amount due from Franklin to KEP for data conversion services, including data conversion Quality Assurance services, rendered in a Calendar Year, (y) Franklin’s personnel costs (salaries plus fringe benefits) for data services in such Calendar Year, which amount shall not include personnel costs of Franklin’s Quality Assurance Department, and (z) any other out of pocket costs relating to data services expended by Franklin in such Calendar Year, such as, but without limitation, any third party consulting fees or travel expenses.

Examples of Annual Savings in a sentence

• In the event the Actual Savings for the corresponding twelve (12) months are less than the Annual Savings Guarantee, ESCO will pay Customer the difference between the Annual Savings Guarantee and the Actual Savings for the corresponding twelve (12) months (“Savings Shortfall”).

• The last Quarterly Report must indicate whether or not the required minimum Annual Savings Target has been achieved.

• Progress towards the Minimum Annual Savings Target will be assessed based on Confirmed Annual Energy Savings arising from Projects implemented by the Energy Manager which are in-service during the Participant Agreement term and where savings are expected to persist for a minimum of one (1) year from the Project’s in-service date, as reported in the Energy Manager’s Second Quarter Report and Annual Report submitted to the Technical Reviewer.

• ESCO reserves the right to adjust the amount of Performance Guarantee associated with the Failed ECM for the duration of the failure in the Annual Savings Guarantee.

• TIER Net Employee contribution (10 per year)* Employee contribution (10 per year)* Employee Annual Savings:** ASD CDHP compared to PEHT Plan F* This contribution shall be transmitted to the PEHT account with the clear understanding that such funds may be used only to provide a comprehensive health plan for Anchorage School District teachers.

• Minimum Incremental Annual Savings are annual based on 12 months and cannot be prorated.

• In consideration of Citi’s performance of the Blue Sky Exemption Services described on Schedule D to the Onshore MSA, each Trust shall pay to Citi the following fees: Annual Savings Fee: 15% of amount saved* * The annual fees are subject to an annual minimum of $10,000 in the aggregate for both Trusts.

• Notwithstanding anything to the contrary contained herein, all ECM(s) must be maintained in proper working condition in all cases where the performance of said ECM(s) affects or could affect the ability to achieve, measure or verify the Annual Savings Guarantee.

• If the Energy Manager does not meet the Annual Savings Target in the first year of this Agreement, the Participant will be required to demonstrate to the satisfaction of the IESO, acting in its sole discretion, that the projects expected for the next twelve (12) month period will be sufficient to attain the cumulative Annual Savings Target for the term of the Agreement, failing which the Energy Manager Funding Agreement will terminate.

• In the case of Utility System Enhancements that an “Engineer” (as defined below) determines and certifies in writing, based on its calculated projections, and using reasonable assumptions and qualifications will, on an annual basis, reduce a Building or Project’s consumption of utilities (“Projected Annual Savings”), Landlord may include the costs of such Utility System Enhancements in Costs, in an amount not to exceed 90% of the Projected Annual Savings.

More Definitions of Annual Savings

Annual Savings. The total annual savings associated with implementation of this Project. This is the savings figure that will be used for comparison to the Guaranteed Savings as part of the Guarantee Reconciliation. Energy Savings: The total Energy Savings associated with reduction in energy consumption as a result of implementation of this Project. Operating Cost Savings: Operating Cost Savings can result from avoided expenditures for operations, maintenance, equipment repair, or equipment replacement and/or capital funds for projects that, because of the Project, will not be necessary. Sources of Operating Cost savings may include: i) avoided current or planned capital expense, ii) avoided O&M and/or equipment repair and replacement expense, and, iii) avoided renovation, renewal, or repair costs as a result of the Project. Summary of Annual Savings ECM Electricity Savings (kWh) Electricity Savings ($) Demand Savings Demand Savings ($) Natural Gas Savings (therms) Natural Gas Savings ($) Water Savings (kGal) Water Savings ($) Total Savings ($) TOTALS 3,978,856 $275,765 5,040 $35,142 38,014 $22,906 515 $4,797 $338,611 The following details the savings calculations associated with each Energy Conservation Measure (ECM) included in Attachment B.

Annual Savings is defined as the amount of Energy and Operational Cost Savings achieved during a given Guarantee Year.