EC Savings definition

EC Savings means the savings in units of dollars ($) calculated by ENGIE Services U.S. in the manner set forth in this Attachment E, Section (III), achieved through the reduction in consumption or demand through implementation of the Work.
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EC Savings means the savings in units of dollars ($) calculated by OpTerra Energy Services in the manner set forth in this Attachment E, Section (III), achieved through the reduction in consumption or demand through implementation of the Work.
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EC Savings means the energy conservation savings achieved through reduction in energy consumption, demand, energy rates, maintenance or materials by implementation of the EC Measures identified by XxXxxxx, which will be calculated as set forth in Section V of this Agreement.
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Examples of EC Savings in a sentence

  • Subject to changes in factors affecting energy use, as discussed in Section VII of this Agreement, XxXxxxx guarantees that the Client will realize total EC Savings from the EC Measures during each Contract Year of not less than the Guaranteed Energy Savings set forth on Schedule D of this Agreement.

  • If the EC Savings cannot be met after modification, XxXxxxx will calculate the annual energy use of the EC Measures at the installed efficiency and pay the client the difference between the base year and cost and the calculated cost.

  • If the EC Measures fail to meet the projected EC Savings, XxXxxxx will repair or modify the EC Measures until the required operation is achieved.

  • The parties further acknowledge and agree that said EC Savings will not likely be obtained unless certain procedures and methods of operation designed for energy conservation shall be implemented and followed by the Client on a regular basis.

  • The parties hereto acknowledge and agree that XxXxxxx has entered into this Agreement in material reliance upon the prospect of earning compensation based on projected EC Savings exceeding Guaranteed Energy Savings from the Facilities, as set forth herein.

Related to EC Savings

  • Savings means the difference between the principal

  • Health Savings Account means an account as permitted under section 223 of the internal revenue code of 1986, 26 USC 223.

  • Collateral savings, as used in this clause, means those measurable net reductions resulting from a VECP in the agency's overall projected collateral costs, exclusive of acquisition savings, whether or not the acquisition cost changes.

  • Retirement Plan means a plan which provides retirement benefits to you and which is not funded wholly by your contributions. The term shall not include a profit-sharing plan, informal salary continuation plan, registered retirement savings plan, stock ownership plan, 401(K) or a non-qualified plan of deferred compensation.

  • Utilization plan means a form and additional documentation included in all bids or proposals that demonstrates a vendor’s proposed utilization of vendors certified by the Business Enterprise Program to meet the targeted goal. The Utilization Plan shall demonstrate that the Vendor has either: (1) met the entire contract goal or (2) requested a full or partial waiver and made Good Faith Efforts towards meeting the goal.

  • 401(k) Plan has the meaning set forth in Section 6.10.

  • Moderate-income household means a household with a total gross annual household income in excess of 50 percent but less than 80 percent of the median household income.