Energy Savings Guarantee definition

Energy Savings Guarantee means the energy savings and performance guarantee provided by the ESCO under an ESPC Procurement, which guarantees to the Contracting Agency that certain energy savings and performance will be achieved for the project covered by the RFP, through the installation and implementation of the agreed-upon ECMs for the project. The Energy Savings Guarantee shall include, but shall not be limited to, the specific energy savings and performance levels and amounts that will be guaranteed, provisions related to the financial remedies available to the Contracting Agency in the event the guaranteed savings and performance are not achieved, the specific conditions under which the ESCO will guarantee energy savings and performance (including the specific responsibilities of the Contracting Agency after final completion of the design and construction phase), and the term of the energy savings and performance guarantee.
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Energy Savings Guarantee means, pursuant to Division 3 of this Contract and Schedules 2 and 5 to Division 3, the units of energy and the corresponding sum that ESCO represents that the Facility will realize from energy and water savings resulting from the implementation of energy efficiency measures.
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Energy Savings Guarantee has the meaning set forth in Paragraph 5.2, and shall consist of both the Total Guaranteed Savings and the Annual Guaranteed Savings.
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Examples of Energy Savings Guarantee in a sentence

  • In no event shall the amount of the Guaranteed Energy Savings, or ESCO’s obligations under the Energy Savings Guarantee, be increased in connection with the completion of the Work by anyone other than ESCO.

  • The period between (and including) the Final Project Acceptance Date and the date exactly [INSERT NUMBER OF YEARS] therefrom, during which time the Energy Savings Guarantee is in effect.

  • Kyng, editors, Computers and Democracy, a Scandinavian Challenge, pp.

  • The Energy Savings Guarantee is set forth in annual increments for the term of the Contract as specified in Exhibit C and has been structured by the ESCO so as to be sufficient to cover any and all annual payments required to be made by the Agency as set forth in Exhibit B.

  • Since the Energy Savings Guarantee is such a fundamental component in the ESPC contracting process, Proposers must disclose in their Proposals the identity of any Person providing (directly or indirectly) any Energy Savings Guarantee that may be offered by the successful ESCO during the course of the performance of the ESPC, along with any financial statements and related information pertaining to any such Person.

  • GESA Contractor shall ensure that an approved representative from Funding Agency is physically present for all pre-retrofit and post retrofit measurements, for each ECM as applicable to the Energy Savings Guarantee.

  • Savings to Investment Ratio (as provided in Energy Savings Guarantee)* 3a.

  • Substantial Completion of the work shall occur when the ESCO’s performance of the entire scope of the work is sufficiently complete, in accordance with the Project Documents so that the University can utilize the installed ECMs for their intended use and the Energy Savings Guarantee provided by ESCO under Section 3.3 and Schedule B becomes effective.

  • The ESCO shall submit a written certification to the University that the work complies with all aspects of the Project Documents, that all items on the Substantial Completion punch list have been completed, that no Event of Default under Article 11 exists and that the Energy Savings Guarantee set forth in Schedule B which became effective on the Acceptance Date, remains in full force and effect.

  • When the ESCO considers the work substantially complete, and after systems startup/commissioning and interim period training of University personnel has been successfully accomplished in accordance with the requirements of this Agreement, the ESCO shall submit a written certification to the University that the work is substantially complete, that no Event of Default under Article 11 exists, and that the Energy Savings Guarantee is in full force and effect.


More Definitions of Energy Savings Guarantee

Energy Savings Guarantee means the
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Energy Savings Guarantee in respect of a Guarantee Year, means the guaranteed Energy Savings for that Guarantee Year as specified in paragraph 1 of Schedule 10 (Energy Savings Guarantee).
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Energy Savings Guarantee means a written guarantee that Guaranteed Savings will meet or exceed the cost of the Selected Energy Conservation Measures as more fully set forth in Paragraph 5.2.
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Related to Energy Savings Guarantee

  • Guaranteed energy savings contract means a contract that includes all of the following:

  • Energy Savings means an amount of saved energy determined by measuring and/or estimating consumption before and after implementation of an energy efficiency improvement measure, whilst ensuring normalisation for external conditions that affect energy consumption;

  • Performance Guarantee means the security to be provided by the Contractor in accordance with Sub Clause 10.1 for the due performance of the Contract.

  • Consumer Guarantee means a Consumer Guarantee applicable to the Contract under the Australian Consumer Law;

  • Subsidiary Guarantee means any guarantee of the obligations of the Issuers under this Indenture and the Notes by any Subsidiary Guarantor in accordance with the provisions of this Indenture.

  • Guaranteed Energy Production or “GEP” has the meaning set forth in Section 3.1(e)(ii).

  • Limited Guarantee has the meaning set forth in the Recitals.

  • Parent Guarantee means the guarantee by Parent Guarantor of the obligations of the Issuer under this Indenture and the Securities in accordance with the provisions of this Indenture.

  • Subsidiary Guarantee Agreement means a Subsidiary Guarantee Agreement substantially in the form of Exhibit B, and all supplements thereto made by the Subsidiary Guarantors in favor of the Administrative Agent for the benefit of the Lenders.

  • Note Guarantee means the Guarantee by each Guarantor of the Company’s obligations under this Indenture and the Notes, executed pursuant to the provisions of this Indenture.

  • Guarantee used as a verb has a corresponding meaning.

  • guarantee contract means a contract entered into by a person as guarantor;

  • Financial guarantee means a performance bond, maintenance bond, surety bond, irrevocable letter of credit, or similar guarantees submitted to the [administering authority] by the responsible party to assure that requirements of the ordinance are carried out in compliance with the storm water management plan.

  • Guaranteed Pension Plan means any employee pension benefit plan within the meaning of §3(2) of ERISA maintained or contributed to by any Borrower or any ERISA Affiliate the benefits of which are guaranteed on termination in full or in part by the PBGC pursuant to Title IV of ERISA, other than a Multiemployer Plan.

  • Guaranty means, with respect to any Person, any obligation (except the endorsement in the ordinary course of business of negotiable instruments for deposit or collection) of such Person guaranteeing or in effect guaranteeing any indebtedness, dividend or other obligation of any other Person in any manner, whether directly or indirectly, including (without limitation) obligations incurred through an agreement, contingent or otherwise, by such Person:

  • Subsidiary Guaranty is defined in Section 9.7(a).