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 means any twelve (12) month period that begins on the Savings Guarantee Commencement Date or any anniversary thereof and that occurs during the Performance Period.

Examples of Guarantee Year in a sentence

  • Within sixty (60) days of receipt of such information for the previous Guarantee Year, ESCO will determine the Actual Savings for such Guarantee Year in accordance with the M&V Plan set forth in Schedule II(D) (such determination, the “Savings Reconciliation”).

  • Unless Owner terminates the PASS Plan pursuant to Section 1 above or selects a change in the PASS Plan pursuant to Section 2(c) above, the PASS Fee for the first Renewal Term (Guarantee Year 3) shall be $[ ], and such PASS Fee shall be adjusted upwards for each Renewal Term thereafter in accordance with the increase in Consumer Price Index (“CPI”).

  • Upon expiration of the Initial Term and upon commencement of each Guarantee Year thereafter, the PASS Plan will automatically renew for additional one-year periods (each, a “Renewal Term”) unless Owner terminates the PASS Plan by giving ESCO written Notice of termination at least thirty (30) days prior to the end of the then-current term.


More Definitions of Guarantee Year

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