Guaranteed energy savings performance contract definition

Guaranteed energy savings performance contract means an agreement for the provision of energy services or equipment, energy conservation measures and alternate energy technologies for state government buildings or other state property, in which a person agrees to design, construct, install, maintain, operate, or manage energy systems or equipment to improve energy efficiency of, or produce energy in connection with, a state government building. Payments for a guaranteed energy savings performance contract shall be made from measured and verified savings generated from implementation of the energy conservation measures financed by the contract. The term of a guaranteed energy savings performance contract shall not exceed the life of the energy savings generated from implementation of the energy conservation measures financed by the contract. If the measured and verified savings are not sufficient to pay the financial obligations under the contract, the contractor is liable for the contract payments;
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Guaranteed energy savings performance contract or “GESPC” shall mean the contract for the evaluation, recommendation, and implementation of one or more ECMs, and associated guaranty of Guaranteed Savings, in accordance with the Act and as more fully set forth in the terms of the GESPC.
Sample 1Sample 2Sample 3
Guaranteed energy savings performance contract means an agreement for the provision of energy services or equipment, including energy efficiency measures, energy conservation measures and alternate energy technologies for state government buildings, in which a person agrees to design, construct, install, maintain, operate, or manage energy systems or equipment to improve energy efficiency of, or produce energy in connection with, a state government building. Payments for a guaranteed energy savings performance contract shall be made from measured and verified savings generated from implementation of the energy efficiency measures financed by the contract. The term of a guaranteed energy
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Examples of Guaranteed energy savings performance contract in a sentence

  • Xxxxxxx Its President ATTEST: By Its SCHEDULE 1 ACCEPTANCE CERTIFICATE OR FINAL ACCEPTANCE CERTIFICATE (This is a sample form and will be modified, completed and signed after installation of an ECM, Facility or the entire Project, as the case may be) Energy Systems Group, LLC 0000 Xxxxxxx Xxxx Newburgh, IN 47630 Re: Guaranteed Energy Savings Performance Contract, dated as of August 20, 2012 (the “Agreement”), between Energy Systems Group, LLC (the “Contractor”) and the City of Snyder, Texas (the “Owner”).

  • Xxxxx Engineering Corporation guarantees that the program described in the Guaranteed Energy Savings Performance Contract (the “Agreement”) to which this Performance Guarantee is attached as Exhibit C will recover a total of $1,368,320 in energy, wastewater and operational savings during the first ten (10) years of operation, beginning on the first day of the month following completion and final acceptance by the City regarding the installation of the equipment provided under the Agreement.

  • Xxxxxxx Its President ATTEST: By Its SCHEDULE 1 ACCEPTANCE CERTIFICATE OR FINAL ACCEPTANCE CERTIFICATE (This is a sample form and will be modified, completed and signed after installation of an ECM, Facility or the entire Project, as the case may be) Energy Systems Group, LLC 0000 Xxxxxxx Xxxx Newburgh, IN 47630 Re: Guaranteed Energy Savings Performance Contract, dated as of December 14, 2012 (the “Contract”), between Energy Systems Group, LLC (the “Contractor”) and Glenville State College (the “Owner”).

  • This Guaranteed Energy Savings Performance Contract (“Agreement”) is made and entered into by and between Owner (“Owner”) and ESP (“ESP”) under seal to provide energy conservation measures and related services to Owner’s premises, as more fully described in the Contract Documents.

  • Xxxxxxxx Xxxxxx Xxxxxxxxxxxx, XX 00000 Re: Guaranteed Energy Savings Performance Contract, dated as of , 2015 (the “Agreement”), between Xxxxx Engineering Corporation (the “Contractor”) and City of West Lafayette, Indiana (the “City”).

  • ESP shall prepare an Audit Report with recommendations for ECMs based on Proposed Savings resulting solely from such ECMs. The Audit Report shall also contain detailed engineering and economic data and analysis over the life of the proposed Guaranteed Energy Savings Performance Contract, including the Contract Time for Verified Savings.


More Definitions of Guaranteed energy savings performance contract

Guaranteed energy savings performance contract or “GESPC” shall mean a contract for the evaluation, recommendation, and implementation of one or more ECMs in accordance with the Act (as hereafter defined). The GESPC shall include, at a minimum, the design and installation of equipment and, if applicable, operation and maintenance of any of the ECMs implemented. The GESPC shall also include guaranteed savings (as hereafter defined) annually that meet or exceed the total annual contract payments made by the Owner (as hereinafter defined) for the contract,
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Guaranteed energy savings performance contract means a contract between the
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Guaranteed energy savings performance contract means a contract between the governmental unit
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Guaranteed energy savings performance contract means an agreement for the provision of energy services or equipment, including energy efficiency measures, energy conservation measures and alternate energy technologies for state government buildings, in which a person agrees to design, construct, install, maintain, operate, or manage energy systems or equipment to improve energy efficiency of, or produce energy in connection with, a state government building.
Sample 1
Guaranteed energy savings performance contract or “GESPC” shall mean a contract for the evaluation, recommendation, and implementation of one or more ECMs, and associated guaranty of Guaranteed Savings, in accordance with the Act and as more fully set forth in the terms thereof.
Sample 1

Related to Guaranteed energy savings performance contract

  • Guaranteed energy savings contract means a contract that includes all of the following:

  • Guaranteed Energy Production or “GEP” has the meaning set forth in Section 3.1(e)(ii).

  • Key Performance Indicator means a measure that captures the performance of a critical variable to expand and improve community-based corrections programs to promote offender success, ensure accountability, enhance public safety, and reduce recidivism.

  • Extreme performance coating means coatings designed for harsh exposure or extreme environmental conditions.

  • Non-Performance Charge means the charge applicable to Capacity Performance Resources as defined in Tariff, Attachment DD, section 10A(e). Nonincumbent Developer:

  • Performance Agreement means an agreement between an HSP and its CEO that requires the CEO to perform in a manner that enables the HSP to achieve the terms of this Agreement and any additional performance improvement targets set out in the HSP’s annual quality improvement plan under the Excellent Care for All Act, 2010;

  • 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.

  • Performance Corridor means the acceptable range of results around a Performance Target;

  • Additional Performance Security shall have the meaning set forth in Clause 7.1;

  • Key Performance Indicators or “KPIs” means the performance measurements and targets set out in Part 3 of Schedule 1 (Services) of this Framework Agreement;

  • Performance Compensation Award means any Award designated by the Committee as a Performance Compensation Award pursuant to Section 11 of the Plan.

  • Energy year or "EY" means the 12-month period from June 1st

  • Index Performance means, in relation to an Index and an Auto-Call Valuation Date or the Valuation Date, as the case may be, a percentage calculated by the Calculation Agent in respect of such date in accordance with the following formula: Index Performance =Final Index Level × 100% Initial Index Level