Examples of Performance Commencement Date in a sentence
The period from contract execution until the Performance Commencement Date shall be known as the "Interim Period".
Unless otherwise terminated pursuant to the terms of this Agreement, the Performance Term of this Agreement shall begin with the Performance Commencement Date and continue for a period of <Insert term> years.
Notwithstanding anything in this Agreement to the contrary, the Performance Commencement Date shall not occur and the User Agency shall not be required to accept the work under this Agreement unless and until all Equipment installation for the subject Premises is completed by ESCO in accordance with the terms and conditions of this Agreement, including without limitation the satisfaction of all claims for labor and materials.
Subsequent to the Performance Commencement Date and throughout the Term of this Agreement, ESCO hereby guarantees to User Agency the level of Annual Projected Energy and Cost Savings as detailed in Schedule C (Energy and Cost Savings Guarantee.) Energy and Cost Savings shall be guaranteed on the basis of annual reduction of kWh, kW, therms, gallons or similar units of energy, fuel, electrical demand and water as well as on the basis of dollars saved and shall include operation and maintenance savings.
Upon each anniversary of the Performance Commencement Date a financial representative of the User Agency shall provide the ESCO with a financial report of the actual operational costs associated with the guaranteed Annual Maintenance Cost Savings.