Lost Savings definition

Lost Savings has the meaning set forth in Section 6.1(b).
View Source
Lost Savings means the dollar amount Provider will credit to Purchaser in accordance with the terms of this Agreement for any Term Year for which MGDR exceeds AADR or MGEA exceeds ▇▇▇, calculated as follows: Lost Savings = (MGDR – AADR) x DR; or Lost Savings = (MGEA – ▇▇▇▇) x ER
View Source
Lost Savings means the cost to the BOE of electricity not provided by the System as calculated in Exhibit 2.
View Source

Examples of Lost Savings in a sentence

  • Any Lost Savings payment shall occur no later than sixty (60) days after the end of the Term Year during which such Lost Savings occurred.

  • The formula for calculating Lost Savings for the applicable Term Year is as follows: Lost Savings = (MGO*WPR - AE) x RV MGO = Minimum Guaranteed Output, as measured in total kWh, for the System for the applicable Term Year.

  • If the System fails to generate at least ninety-five percent (95%) of the Estimated Annual Production for a full Term Year (such amount, the “Minimum Guaranteed Output”), other than as a result of the acts or omissions of Purchaser or the Local Electric Utility (including a Disruption Period), or an Event of Force Majeure, Provider shall credit Purchaser an amount equal to Purchaser’s Lost Savings on the next invoice or invoices during the following Term Year.

  • Such payment shall occur no later than sixty (60) days after the end of the Contract Year during which such Lost Savings occurred.

  • The formula for calculating Lost Savings for the applicable Contract Year is as follows: WPR = Weather Performance Ratio, measured as the ratio of the actual insolation over typical (pro-forma) insolation.

  • If the rate variance (“RV”) is zero or less, then no Lost Savings payment is due to Purchaser.

  • If the RV is zero or less, then no Lost Savings payment shall be due to Purchaser.

  • Upon Provider’s payment of any Lost Savings, Provider shall be deemed to have met the Minimum Guaranteed Demand Reduction and Minimum Guaranteed Energy Arbitrage for each Term Year.

  • AMADEUS: Example: Nego Code APOLLO: Example: Private Fare Code GALILEO: Example: Apollo PCC + Private Fare Code SABRE: Example: SNAP Pricing Code WSPAN: Example: SecuRate Code Format Used: ___________________________________________________________________ LOST SAVINGS AND EXCEPTION CODES List the Lost Savings and Exception Codes used at your agency.

  • For the avoidance of doubt, the Lost Savings Cap is applicable to each One-Year Period.


More Definitions of Lost Savings

Lost Savings. = (MGDR – AADR) x GR
View Source
Lost Savings means the dollar amount ForeFront Power will credit to Purchaser in accordance with the terms of this Agreement for any Term Year for which MGDR exceeds AADR, calculated as follows:
View Source
Lost Savings means the cost to the UNIVERSITY of electricity not provided by the System as defined in Section 5 of the SPPA..
View Source

Related to Lost Savings

  • Cost Savings has the meaning assigned to it in the definition of “Consolidated EBITDA”.

  • Energy Savings means an amount of saved energy determined by measuring and/or estimating consumption before and after implementation of an energy efficiency improvement measure, whilst ensuring normalisation for external conditions that affect energy consumption;

  • Pro Forma Cost Savings means, with respect to any four-quarter period, the reduction in net costs and expenses that:

  • Tax Savings means the difference between the dollar amount of real property taxes levied in any year on land valued and assessed in accordance with its current agricultural use value and the dollar amount of real property taxes that would have been levied upon such land if it had been valued and assessed for such year in accordance with Section 2 of Article XII, Ohio Constitution.

  • Company Matching Contributions means the Company contributions described in Section 3.4.