Guaranteed Energy Savings definition

Guaranteed Energy Savings means the amount of dollar savings, as shown on Schedule D, that XxXxxxx guarantees that the Client will realize in EC Savings from the EC Measures during the Energy Savings Period.

Guaranteed Energy Savings means the Guaranteed Energy Savings proposed by ESCO in the DFS Report.

Guaranteed Energy Savings in respect of a Guarantee Year, means the guaranteed Energy Savings for that Guarantee Year as specified in Schedule 15 (Guaranteed Energy Savings).

Examples of Guaranteed Energy Savings in a sentence

• Subject to changes in factors affecting energy use, as discussed in Section VII of this Agreement, XxXxxxx guarantees that the Client will realize total EC Savings from the EC Measures during each Contract Year of not less than the Guaranteed Energy Savings set forth on Schedule D of this Agreement.

• Notwithstanding anything to the contrary in this Agreement, in no event shall XxXxxxx be obligated to make any payment to Client under the Guaranteed Energy Savings with respect to any Facility for any period of time in which such Facility incurs any casualty, including without limitation, from fire, flood, collapse or otherwise.

• The parties hereto acknowledge and agree that XxXxxxx has entered into this Agreement in material reliance upon the prospect of earning compensation based on projected EC Savings exceeding Guaranteed Energy Savings from the Facilities, as set forth herein.

More Definitions of Guaranteed Energy Savings

Guaranteed Energy Savings has the meaning given to it in the draft EPC forming part of the Request for Quotations;

Guaranteed Energy Savings means the sum of the reduction in consumption of each energy source used at the premises during each guarantee year as specified in Schedule 1, or such sum as amended by the ESCO in accordance with Clause 8 for each of the EPC Solutions. guaranteed energy cost savings means agreed upon guaranteed energy savings multiplied by the base energy rates as specified in Schedule 4.. guarantee year means any period of one year beginning on the performance guarantee commencement date or on any anniversary of that date during the performance guarantee period. installation period means the period during which the EPC Solutions are installed by the ESCO at the premises. latent conditions are physical conditions on the premises or its near surroundings, including artificial things but excluding weather conditions or physical conditions which are a consequence of weather conditions, which differ materially from the physical conditions which the ESCO anticipated or which should reasonably have been anticipated by a competent ESCO exercising good industry practice at the time of the ESCO’s tender and which would affect the completion of the installation if the ESCO had inspected:

Guaranteed Energy Savings means the savings Contractor guarantees as part of this Contract as outlined in Schedule C - Installment Purchase Cash Flow Analysis, as reflected in line 7 and shall include electric energy savings, gas energy savings, operational savings, maintenance savings, water consumption savings, and any other savings for the Project installed by the Contractor.

Guaranteed Energy Savings means the sum of the reduction in consumption of each Energy Source used at the Premises during each Guarantee Year as specified in Schedule 1, or such sum as amended by the ESCO in accordance with Clause 9., for each of the EPC Solutions.

Guaranteed Energy Savings. The amount of Energy Savings, expressed in kWh and kW of demand, and which is a percentage of Estimated Energy Savings as set forth in Schedule C, guaranteed to be provided on an annual basis by means of a Phase and/or the Project pursuant to this Agreement and as set forth in each Amendment.