Examples of M&V Commencement Date in a sentence
So long as Manhattan Beach USD pays to Chevron Energy Solutions the Annual Maintenance Fee, Chevron Energy Solutions will provide the Maintenance Services, as described herein, up to ten (10) years from the M&V Commencement Date on an annualized basis.
During such event, Projected Energy Savings for the month(s) in which such event is continuing will be used in lieu of actual data; provided that if three (3) or more years of post M&V Commencement Date data are available for such month(s), the historical average of such data for such month(s) will be used in lieu of Projected Energy Savings.
The Annual M&V Fee for the first Measurement Period will be invoiced by Chevron Energy Solutions to Manhattan Beach USD in a lump sum on the M&V Commencement Date.
The Annual Maintenance Fee for the first Measurement Period will be invoiced by Chevron Energy Solutions to Manhattan Beach USD in a lump sum on the M&V Commencement Date.
From and after the M&V Commencement Date, Excess Savings will be calculated by Chevron Energy Solutions as the difference, to the extent positive, between (i) the EC Savings for the relevant Measurement Period minus (ii) the Guaranteed Savings for such Measurement Period.
Data will be accessible for three (3) years after the M&V Commencement Date.
The Base Energy Rates listed here are to be increased each Measurement Period on a cumulative basis by five percent (5.0%) beginning on the first anniversary of the M&V Commencement Date and continuing on the first day of each Measurement Period thereafter.