Guarantee Year definition

Guarantee Year is defined as the First Guarantee Year and each of the successive twelve (12) month periods commencing on the anniversary of the commencement of the First Guarantee Year throughout the Guarantee Term.

Guarantee Year is the twelve (12) month period beginning on the Savings Guarantee Commencement Date and each subsequent twelve (12) month anniversary thereafter.

Guarantee Year is each successive annual period beginning at the Guarantee Start Date.

Examples of Guarantee Year in a sentence

• In the event this Agreement is terminated pursuant to this Section, the Guaranteed Savings for a Guarantee Year in which such termination becomes effective shall be prorated as of the effective date of such termination, with a reasonable adjustment for seasonal fluctuations in Energy Costs and Operational Costs.

• M&V Services are conducted throughout the Guarantee Year and in the event Customer terminates during the year, Customer shall pay Honeywell the annual price for services prorated to the date of Honeywell’s receipt of Customer’s notice of termination.

• In the event that the Total Guarantee Year Savings in any Guarantee Year is less than the Annual Scheduled Savings, after giving credit for any Excess Savings carried forward from previous Guarantee Years pursuant to Section C.3.1.4, Honeywell shall, upon receipt of written demand from Customer, compensate Customer the amount of any such shortfall, in such form as agreed to by the parties, limited by the total value of the Guaranteed Savings, within sixty (60) days.

• 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 M&V Services provided by Honeywell, will be applied toward the Guaranteed Savings for the First Guarantee Year.

• Option A methods will be applied on an ECM specific basis (i.e., isolated to the retrofit) and Energy Cost Avoidance for a Guarantee Year will be quantified and summarized on an ECM basis.

More Definitions of Guarantee Year

Guarantee Year means each twelve (12) month period during the Term of this Agreement, beginning on the Completion Date.

Guarantee Year means each successive twelve (12)-month period during the Term starting on the Commencement Date for the System.

Guarantee Year means the consecutive twelve (12) month period beginning with the first day of the month following the date of the Substantial Completion Certificate for the final ECM (the “Anniversary Date”), and each similar twelve (12) month period thereafter during the Term.

Guarantee Year means the period of twelve (12) consecutive months beginning on the Operations Date and each period of twelve (12) consecutive months thereafter until the end of the Contract Period.

Guarantee Year means the period of twelve (12) consecutive months beginning on the date of the official operation of the Works installed by the ESCO at the Site and each period of twelve (12) consecutive months thereafter until the end of the term of this Agreement.

Guarantee Year has the meaning set forth in Schedule A;

Guarantee Year has the meaning set forth in § 2.6.4.