Excess Savings definition

Excess Savings means the excess of EC Savings over Guaranteed Savings, calculated in the manner set forth in this Attachment E, Section (II)(I)(iv).
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Excess Savings is the amount of Actual Savings in excess of the Performance Guarantee to date including any savings achieved during construction.
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Excess Savings means for any Guarantee Year, the amount, if any, by which the Cost Avoidance applicable to that Guarantee Year exceeds the Annual Scheduled Savings.
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Examples of Excess Savings in a sentence

  • For any Measurement Period in which there are Excess Savings, Manhattan Beach USD will repay to Chevron Energy Solutions, to the extent of such Excess Savings, any Guarantee Payments previously paid by Chevron Energy Solutions to Manhattan Beach USD and not previously repaid to Chevron Energy Solutions by Manhattan Beach USD, and the Excess Savings for such Measurement Period will be reduced by the amount of such repayment.

  • If Chevron Energy Solutions has provided services or retrofits in lieu of the Guarantee Payment for a prior Measurement Period, such that the Guarantee Payment for such Measurement Period cannot be repaid by Manhattan Beach USD, then in lieu of such repayment Excess Savings will be increased by the deemed value of such services or retrofits.

  • Accumulated Savings will be increased, for any Measurement Period, by the amount of Excess Savings during such Measurement Period, and will be decreased, for any Measurement Period, by the difference, to the extent positive, between (i) the Guaranteed Savings for such Measurement Period minus (ii) the EC Savings for such Measurement Period.

  • For the avoidance of doubt, Excess Savings will not be reduced below zero.

  • After applying such Average Energy Unit Savings for each subsequent Measurement Period and calculating the resulting EC Savings, if the sum of (i) such calculated EC Savings for any future Measurement Period plus (ii) the Annual M&V Fee for such Measurement Period is greater than the Guaranteed Savings for that Measurement Period, then such excess will be Excess Savings and the Savings Guarantee will have been met for that Measurement Period.

  • From and after the M&V Commencement Date, Excess Savings will be calculated by Chevron Energy Solutions as the difference, to the extent positive, between (i) the EC Savings for the relevant Measurement Period minus (ii) the Guaranteed Savings for such Measurement Period.

  • During the Construction Period, Excess Savings will be calculated by Chevron Energy Solutions in the manner set forth in this Attachment H, Section (III).


More Definitions of Excess Savings

Excess Savings means the amount by which the actual Annual Savings for any Annual Savings period exceeds the projected Annual Guaranteed Savings for that Annual Savings period.
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Related to Excess Savings

  • Cost Savings has the meaning assigned to it in the definition of “Consolidated EBITDA”.

  • Excess Contribution means a contribution that exceeds the

  • Tax Savings means the difference between the dollar amount of real property taxes levied in any year on land valued and assessed in accordance with its current agricultural use value and the dollar amount of real property taxes that would have been levied upon such land if it had been valued and assessed for such year in accordance with Section 2 of Article XII, Ohio Constitution.

  • 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;

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

  • Excess Amount has the meaning set forth in Section 13.

  • Savings Plan or "plans" means a plan that provides different investment strategies and allows account distributions for qualified higher education expenses.

  • Excess Amounts means Available Monies after distributions made in accordance with Section 7.05.

  • Excess Deferrals means, with respect to any taxable year of a Participant, either (a) those elective deferrals within the meaning of Code §§402(g) or 402A that are made during the Participant's taxable year and exceed the dollar limitation under Code §402(g) (including, if applicable, the dollar limitation on Catch-Up Contributions defined in Code §414(v)) for such year; or (b) are made during a calendar year and exceed the dollar limitation under Code §§402(g) and 402A (including, if applicable, the dollar limitation on Catch-Up Contributions defined in Code §414(v)) for the Participant's taxable year beginning in such calendar year, counting only Elective Deferrals made under this Plan and any other plan, contract or arrangement maintained by the Employer.

  • Excess Compensation means Compensation in excess of the following Integration Level: (Choose (1) or (2))

  • 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.

  • Excess means an amount of money paid in a calendar year towards the cost of each hospital episode of care up to an annual maximum before fund benefits are payable.

  • Matching Contribution Account means the separate, individual account established on behalf of a Participant to which the Matching Contributions made on such Participant's behalf are credited, together with all earnings and appreciation thereon, and against which are charged any withdrawals, loans and other distributions made from such account and any losses, depreciation or expenses allocable to amounts credited to such account.