First Guarantee Year definition

First Guarantee Year is defined as the period beginning on the first (1st) day of the month following the date of Final Project Acceptance of the Work installed and ending on the day prior to the first (1st) anniversary thereof.
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Examples of First Guarantee Year in a sentence

  • HONEYWELL will provide this one-time determination of the quantity of energy avoidance of the CUSTOMER’S facility for the First Guarantee Year only.

  • The Energy Avoidance quantified in the First Guarantee Year will be stipulated as the annual Energy Avoidance for each Guarantee Year of the remaining contract term.

  • HONEYWELL will provide a single (1) reporting submission of the determination of energy avoidance for the First Guarantee Year.

  • All Cost Avoidance realized by Customer that result from activities undertaken by Honeywell prior to Final Project Acceptance, including any utility rebates or other incentives earned as a direct result of the installed ECMs or Support Services provided by Honeywell, will be applied toward the Guaranteed Savings for the First Guarantee Year.

  • After the First Guarantee Year (as defined in Exhibit B), the savings in every subsequent year during the Term (as defined in Exhibit B) are guaranteed to the extent necessary for Owner to make payments under the Agreement during that year.It is agreed that the Contractor’s obligation to deliver the operational savings described in Table A of Exhibit B will be fully satisfied upon Owner’s Final Acceptance of the Project based on thedocumentation and data approved by Owner and included herein.

  • The drills improved employees’ awareness of fire control safety and also their ability to cope with emergencies.

  • All Cost Avoidance realized by Customer that result from activities undertaken by Honeywell prior to Final Project Acceptance, excluding any utility rebates or other incentives earned as a direct result of the installed ECMs or Support Services provided by Honeywell, will be applied toward the Guaranteed Savings for the First Guarantee Year.

  • The OCC notes that while SBC claims that it cannot enter this market without exemption from regulations controlling the provision of video services, the cable operators have been operating under those conditions for decades and have built strong relationships with their communities, thereby strengthening their business position, as a result.

  • Describe how the pool of prospective residents will be selected for tenancy.

  • All energy and operational cost avoidance realized by CUSTOMER that result from activities undertaken by HONEYWELL prior to Final Project Acceptance, including any utility rebates or other incentives earned as a direct result of the installed Energy Conservation Measures or Support Services provided by HONEYWELL, will be applied toward the Guaranteed Savings for the First Guarantee Year.

Related to First Guarantee Year

  • Guarantee Amount means the maximum amount payable under a guarantee which amount shall be specifically set forth in writing at the time the guarantee is entered into by the authority.

  • Guarantee Period /’Maintenance Period’ shall mean the period during which the Contractor shall remain liable for repair or replacement of any defective part of the works performed under the contract.

  • Guarantee Fee shall have the meaning given to that term in Section 4.1.

  • Guarantee Test(s means the test(s) specified in the Procuring Entity's Requirements to be carried out to ascertain whether the Facilities or a specified part thereof is able to attain the Functional Guarantees specified in the Appendix to the Contract Agreement titled Functional Guarantees, in accordance with the provisions of GCC Sub-Clause25.2 (Guarantee Test) hereof.

  • Parent Guarantee means the guarantee provided by the Parent Guarantor for purposes of financial reporting.

  • 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.

  • Guarantee Agreement means this Guarantee Agreement, as modified, amended or supplemented from time to time.

  • Guarantee Agency means a state agency or a private nonprofit institution or organization which administers a Guarantee Program within a State or any successors and assignees thereof administering the Guarantee Program which has entered into a Guarantee Agreement with the Trustee on behalf of the Purchaser.

  • 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.

  • Performance and Guarantee Test means all operational checks and tests required to determine and demonstrate capacity, efficiency and operating characteristics as specified in the Contract Documents.

  • Parent Guaranty means the guaranty of the Parent pursuant to Section 15.

  • Guaranteed Commercial Operation Date has the meaning set forth in Section 3.9(c)(i).

  • Annual Debt Service as of any date means the maximum amount which is expensed in any 12-month period for interest on Debt of the Company and its Subsidiaries.

  • Guarantee and Security Agreement means that certain Guarantee, Pledge and Security Agreement, dated as of the Effective Date, among the Borrower, the Subsidiary Guarantors, the Administrative Agent, each holder (or a representative, agent or trustee therefor) from time to time of any Secured Longer-Term Indebtedness, and the Collateral Agent.

  • 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.

  • government guaranteed bond means a bond of the Government of Canada or a bond unconditionally guaranteed as to principal and interest by the Government of Canada that is:

  • Guarantee and Collateral Agreement the Guarantee and Collateral Agreement to be executed and delivered by the Borrower and each Subsidiary Guarantor, substantially in the form of Exhibit A, as the same may be amended, supplemented or otherwise modified from time to time.