Estimated Year One Output definition
Estimated Year One Output means the System Owner’s estimate set forth on Exhibit “A” to this Agreement of the future Output of the System for the twelve (12) month period beginning on the Service Commencement Date.
Estimated Year One Output. For the twelve (12) month period beginning on the Service Commencement Date, System Owner estimates that the Output of the System that will be allocated to the Customer Meters will be 230,000 kWh. The System Owner estimates that the total electricity that will be generated by the System during such period will be 278,186 kWh (the “Estimated Year One Output”). The Customer shall pay the System Owner a fee for the Net Metering Credits (the “Service Price”) equal to Ten Percent (10%) of the Net Metering Credit Value attributable to Output from the System that is allocated to the Customer Meters. System Owner shall instruct the Utility to allocate credits for the kilowatt hours of electricity generated by the System each month to the Meters set forth below in the following order of priority until the monthly electricity usage, charges and fees for each Meter are fully offset and satisfied: ▇ ▇▇▇▇▇ ▇▇ ▇▇▇▇▇▇ ▇▇▇▇ ▇▇▇▇▇▇▇▇ ▇▇▇ ▇▇▇
Estimated Year One Output. For the twelve (12) month period beginning on the Service Commencement Date, System Owner estimates that the Output of the System that will be allocated to the Customer Meters will be 37,599 kWh. The System Owner estimates that the total electricity that will be generated by the System during such period will be 37,599 kWh (the “Estimated Year One Output”). The Customer shall pay the System Owner a fee for the Net Metering Credits (the “Service Price”) equal to eighty-eight percent (88%) of the Net Metering Credit Value attributable to Output from the System that is allocated to the Customer Meters. System Owner shall instruct the Utility to allocate credits for the kilowatt hours of electricity generated by the System each month to the Meters set forth below in the following order of priority until the monthly electricity usage, charges and fees for each Meter are fully offset and satisfied: 1 Charlotte Town Library 74944000004 100 (for now) 2 Charlotte Town GMP Meter ▇▇▇ ▇▇▇
Examples of Estimated Year One Output in a sentence
System Owner shall notify Customer of material changes in the description of the System as compared to the size, capacity and estimate specified above in accordance with Section 14(b)(ii)(B) and provide Customer with an updated calculation of the Estimated Year One Output (prepared in accordance with Section 6(a)), an updated calculation of the Estimated Monthly Service Price, and if necessary, an updated Exhibit C Allocation Instructions.
System Owner shall promptly notify Customer of any such changes and provide Customer with an updated calculation of the Estimated Year One Output prepared in accordance with Section 6(a).
More Definitions of Estimated Year One Output
Estimated Year One Output means the Service Provider’s estimate set forth in Exhibit A to this Agreement for the future Output of the Facility for the twelve (12) month period beginning on the Commissioning Date(s).