Guaranteed energy savings performance contract definition

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 savings performance contract shall not exceed the life of the energy savings generated from implementation of the energy efficiency 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 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 means a contract between the
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

  • Capacity Performance Resource means a Capacity Resource as described in Tariff, Attachment DD, section 5.5A(a).

  • 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:

  • Deactivation Avoidable Cost Credit means the credit paid to Generation Owners pursuant to Tariff, Part V, section 114. Deactivation Avoidable Cost Rate:

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

  • Additional Performance Security means the Bank Guarantee to be submitted by Successful Bidder in accordance with Clause 8.7 of this RFP Document