Contract Time for Verified Savings definition

Contract Time for Verified Savings means the period of time beginning on the later of (i) Acceptance of the Work or (ii) the date Owner provides a Notice of Commencement of Contract Time for Verified Savings (if any), and shall end at the end of the fiscal year that is   years thereafter.
Contract Time for Verified Savings means the period of time beginning on the latter of (1) acceptance of the Work or (2) the date Owner (as hereinafter defined) provides a notice of commencement of Contract Time for Verified Savings, and shall end at the end of the fiscal year that is (contract term number of years) years thereafter.1
Contract Time for Verified Savings shall have the meaning set forth in the GESPC.

Examples of Contract Time for Verified Savings in a sentence

  • As Verified Savings are realized each fiscal year during the Contract Time for Verified Savings, and only if such Verified Savings exceed Guaranteed Savings for such fiscal year, the value of the energy savings guarantee bond, bank letter of credit, or other surety instrument may decrease proportionately in a reasonable amount determined by Owner.

  • The surety instrument shall provide that Owner may commence legal actions on the surety instrument at any time during, and no less than two years after, the Contract Time for Verified Savings has ended.

  • The measurement and verification plan shall identify how ESP proposes to convert units of Verified Savings into dollar values for each fiscal year of the Contract Time for Verified Savings, including but not limited to utility cost and inflation indices.

  • All savings or other benefits of ECMs that accrue before the Contract Time for Verified Savings shall inure to the benefit of Owner and ESP shall receive no compensation therefor.

  • ECM Continuing Services shall occur as provided in the GESPC, but may continue during and after the Contract Time for Verified Savings, which shall begin on the later of (1) Acceptance of the Work or (2) the date Owner provides a Notice of Commencement of Contract Time for Verified Savings, and shall end at the end of the fiscal year that is ( ) years thereafter.

  • During the Contract Time for Verified Savings, and in the absence of any reported Material Change, if Verified Savings deviate more than INSERT PERCENT during any fiscal year from Guaranteed Savings for such fiscal year, after adjustment for variables that are not, in whole or in part, within ESP’s control, then ESP shall timely ascertain the cause of such deviation.

  • Prior to entering into a GESPC, Owner must submit a proposed GESPC to the Director of the Authority for review and approval.The GESPC will further require ESP to furnish to Owner an energy savings guarantee bond, a bank letter of credit, or other surety instrument acceptable to the Owner equal to the amount of Guaranteed Savings for the Contract Time for Verified Savings.

  • In the example, the label value is L1, and is the label associated with H, the egress point of the packet.

  • Answer: Per Exhibit A, pages 5-6: “In accordance with the Act, a GESPC must include a guarantee that the dollar value of Verified Savings will meet or exceed the cost of the ECMs within the Contract Time for Verified Savings, which shall be no longer than fifteen (15) years from Acceptance of the Work.

  • As Verified Savings are realized during the Contract Time for Verified Savings, the value of the energy savings guarantee bond, bank letter of credit, or other surety instrument may decrease proportionately in an amount determined by Owner.

Related to Contract Time for Verified Savings

  • Certified Remanufacture System or Verified Engine Upgrade means engine upgrades certified or verified by EPA or CARB to achieve a reduction in emissions.

  • Contract Time means the period between the start date identified in the Notice to Proceed with construction and the Substantial Completion date identified in the Notice to Proceed or as subsequently amended by a Change Order.

  • Step 4 Contribution - Amortize the result in Step 3 by multiplying it by the applicable factor from Table II. For the Plan Year in which the Participant attains Normal Retirement Age and for any subsequent Plan Year, the applicable factor is 1.0.

  • Certified scale weigh ticket means a weigh ticket that has been issued by a

  • Yearly (1/Year) sampling frequency means the sampling shall be done in the month of September, unless specifically identified otherwise in the effluent limitations and monitoring requirements table.

  • service well means a well drilled or completed for the purpose of supporting production in an existing field. Wells in this class are drilled for the following specific purposes: gas injection (natural gas, propane, butane or flue gas), water injection, steam injection, air injection, salt water disposal, water supply for injection, observation or injection for combustion.

  • Instantaneous flow measurement means the flow measured during the minimum time required for the flow-measuring device or method to produce a result in that instance. To the extent practical, instantaneous flow measurements coincide with the collection of any grab samples required for the same sampling period so that together the samples and flow are representative of the discharge during that sampling period.

  • Step 3 If no settlement is reached at Step 2, a meeting shall be held between the designated senior representatives of the Union and the Employer within seven (7) working days of the Employer's response at Step 2. The Employer's response to the grievance at Step 3 shall be in writing within seven (7) working days of this meeting.

  • Semi-annual (2/Year) sampling frequency means the sampling shall be done during the months of June and December, unless specifically identified otherwise.

  • Attack directed against any civilian population means a course of conduct involving the multiple commission of acts referred to in paragraph 1 against any civilian population, pursuant to or in furtherance of a State or organizational policy to commit such attack;

  • Cardiopulmonary resuscitation or "CPR" means artificial ventilation or external

  • Testing service means a national testing service selected by the board.

  • Process weight means the total weight of all materials introduced into any source operation. Solid fuels charged will be considered as part of the process weight, but liquid and gaseous fuels and combustion air will not.

  • Three-dimensional reference system means a system as described in Appendix 2 to this annex;

  • Part-time student means an individual who is enrolled at an accredited private institution or board of regents university in a course of study including at least three semester hours or the trimester or quarter equivalent of three semester hours.

  • Step 2 The Union Representative or Representatives may take the matter up with the Employer official designated by the Employer to handle Labour Relations matters. If the matter is not taken up within ten (10) calendar days of the date the Union received the written reply to the grievance in Step 1, it shall be deemed to have been abandoned and further recourse to the Grievance Procedure shall be forfeited.

  • Enrollee point-of-service cost-sharing means amounts paid to

  • Check valve or “anti-drain valve” means a valve located under a sprinkler head, or other location in the irrigation system, to hold water in the system to prevent drainage from sprinkler heads when the sprinkler is off.

  • Job-order-contracting means a project delivery method in which:

  • Corrective Measure The contractor shall repair any deficiencies to meet the performance guideline within warranty period.

  • Table E academic outcomes at receiving institution Component code (if any) Component title (as indicated in the course catalogue) at the receiving institution Was the component successfully completed by the student? [Yes/No] Number of ECTS credits Receiving institution grade Total: [Signature of responsible person in receiving institution and date]

  • Multiple Listing Service A means for collecting and disseminating information about real property that is or has been for sale, including a means for real estate brokers to make offers of cooperation and compensation to each other. Multiple Listing Services may also include, without limitation, the provision of data processing, technical support, consulting, and other information technology services to real estate brokers and appraisers in connection with the sale and appraisal of real property.

  • Serialization within the part, lot, or batch number means each item of a particular part, lot, or batch number is assigned a unique serial number within that part, lot, or batch number assignment. The enterprise is responsible for ensuring unique serialization within the part, lot, or batch number within the enterprise identifier.

  • Semi-annual (2/Year) sampling frequency means the sampling shall be done during the months of June and December, unless specifically identified otherwise.

  • Yearly (1/Year) sampling frequency means the sampling shall be done in the month of September, unless specifically identified otherwise in the effluent limitations and monitoring requirements table.

  • Method detection limit means the minimum concentration of a hazardous substance that can be measured and reported with 99% confidence that the analyte concentration is greater than zero and is determined from analysis of a sample in a given matrix that contains the analyte.