Project Payback definition

Project Payback means, at the time of determination, the number of years it will take a Project to recover the Eligible Costs of such Project through the receipt of Project Benefits, and is calculated by: (a) subtracting from the lower of the Estimated Eligible Costs and the Actual Eligible Costs the sum of any Third Party Contributions, the Preliminary Engineering Incentive, the Detailed Engineering Incentive and the Net Project Incentive, if any, and (b) dividing the difference thereof by the annualized Project Benefits, such amounts to be actual or estimated, as the case may be, at such time of determination. In determining the Project Payback of a Project where the Expected Life is less than 5 years, the annualized Project Benefits shall be calculated using only the period of Expected Life.
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Project Payback means estimated Project costs divided by Project Benefits.
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Project Payback means, at the time of determination, the number of years it will take a Project or Portfolio to recover the Eligible Costs of such Project or Portfolio through the receipt of Project Benefits , and is calculated by: (a) subtracting from the lower of the Estimated Eligible Costs and the Actual Eligible Costs the sum of any Third Party Contributions, the Preliminary Engineering Incentive, the Detailed Engineering Incentive and the Net Project Incentive, if any, and (b) dividing the difference thereof by the annualized Project Benefits, such amounts to be actual or estimated, as the case may be, at such time of determination.
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Examples of Project Payback in a sentence

  • Attached as Schedule "C" is a description of the Project or Portfolio in respect of which this Agreement is being entered into including the Project or Portfolio identification number assigned by the IESO, the address of the Facility, Project Incentive, Net Project Incentive, scheduled In- Service Date, Eligible Costs, Project Payback, Electricity Savings, Anticipated Electricity Savings, Annualized Electricity Savings, Project Budget and Performance Security.


More Definitions of Project Payback

Project Payback means the calculation set out in Schedule "C" under the heading "Project Payback", as confirmed by the Technical Reviewer and contained in the Project Review Summary Report, of the expected number of years it will take to recover the Eligible Costs, and is calculated by subtracting, from the Eligible Costs, the Preliminary Engineering Study Incentive, the Detailed Engineering Study Incentive and the Net Project Incentive received by the Participant, if any, and dividing the remainder thereof by the expected Project Benefits, subject to adjustment in accordance with Section 3.2;
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Project Payback means the time period (in years) calculated as follows: (A – B) / CA = the estimated Eligible Costs of implementing the energy efficiency measure
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Project Payback means the expected number of years it will take to recover the Eligible Costs for a Project, and is calculated by (i) subtracting from the Eligible Costs: the Preliminary Engineering Study Incentive, the Detailed Engineering Study Incentive and the Net Project Incentive received by the Participant, if any, and (ii) dividing the remainder thereof by the expected Project Benefits, subject to adjustment in accordance with the applicable Incentive Schedule
Sample 1
Project Payback means, at the time of determination, the number of years it will take a Pro ect to recover the Eligible Costs of such Pro ect through the receipt of Project Benefits, and is calculated by: (a) subtracting from the lower of the Estimated Eligible Costs and the Actual Eligible Costs the sum of any Third Party Contributions, the Preliminary Engineering Incentive, the Detailed Engineering Incentive and the Net Project Incentive, if any, and (b) dividing the difference thereof by the annualized Project Benefits, such amounts to be actual or estimated, as the case may be, at such time of determination. In determining the Project Payback of a Project where the Expected Life is less than 5 years, the annualized Project Benefits shall be calculated using only the period of Expected Life.
Sample 1
Project Payback means, at the time of determination, the number of years it will take a Project to recover the Eligible Costs of such Project through the receipt of Project Benefits, and is calculated by: (a) subtracting from the lower of the Estimated Eligible Costs and the Actual Eligible Costs the sum of the Preliminary Engineering Study Incentive, the Detailed Engineering Study Incentive and the Net Project Incentive, if any, and (b) dividing the difference thereof by the annualized Project Benefits, such amounts to be actual or estimated, as the case may be, at such time of determination.
Sample 1
Project Payback means the calculation, as confirmed by the Technical Reviewer in the Project Review Summary Report, of the expected number of years it will take to recover the Eligible Costs, and is calculated by subtracting from the Eligible Costs (i) the sum of any Third Party Contributions to the Eligible Costs; and (ii) the Preliminary Engineering Study Incentive, the Detailed Engineering Study Incentive and the Net Project Incentive received by the Participant, if any, and dividing the remainder thereof by the expected Project Benefits;
Sample 1

Related to Project Payback

  • Project Water means water made available for delivery to the contractors by project conservation facilities and the transportation facilities included in the System.

  • Project Completion means completion of the Redevelopment in accordance with this Agreement to the state where the whole of the Morley Shopping Centre, as so redeveloped, is capable of occupation for its intended purpose;

  • Project Implementation means all steps which the Grantee undertakes in order to deliver the Project which is being supported by funding provided under this Grant Contract. Any reference to UK primary legislation (Acts) or secondary legislation (Statutory Instruments) in this Grant Contract includes reference to any changes to or replacement of those Acts or Statutory Instruments.

  • Project means the goods or Services described in the Signature Document or a Work Order of this Contract.

  • Project Plans mean the plans for the Project that are attached to this Agreement as Exhibit “B.”

  • Project Engineer means the surveyor or engineer employed by or private

  • Management Plan means a plan to manage the activities and protect the special value or values in an Antarctic Specially Protected Area or an Antarctic Specially Managed Area.

  • Stormwater management plan means the set of drawings and other documents that comprise all the information and specifications for the programs, drainage systems, structures, BMPs, concepts and techniques intended to maintain or restore quality and quantity of stormwater runoff to pre-development levels.

  • Project Company means Company incorporated by the bidder as per Indian Laws in accordance with Clause no 3.5.

  • Project Implementation Unit or “PIU” means the unit referred to in Section I.A.1 of Schedule 2 to this Agreement.

  • Projects means the projects identified in Exhibit A to the Agreement and all other projects, any costs of which are included in a Transitional Capital Plan pursuant to the Act or are Recovery Costs, and financed, by payment or reimbursement, with the proceeds of Bonds or Notes.

  • Project Work means the work required to complete the Project.

  • Non-Administrator Dialysis Facility means a Dialysis Facility which does not have an agreement with the Claim Administrator or another Blue Cross and/or Blue Shield Plan but has been certified in accordance with the guidelines established by Medicare.

  • Project Management Plan means the management plan that (i) sets out a high level workplan to describe the manner in which the Design-Builder will manage the Project, including to address related matters such as traffic management and communications, and (ii) is prepared by or for the Design-Builder and submitted to the Owner;

  • Project Companies means all Group Project Companies and Non-Group Project Companies together, each being a “Project Company”.

  • Storm water management plan means a comprehensive plan designed to reduce the discharge of pollutants from storm water after the site has under gone final stabilization following completion of the construction activity.

  • Project Plan means the document to be developed by the Contractor and approved by Webel Technology Ltd., based on the requirements of the Contract and the Preliminary Project Plan included in the Contractor’s bid. For the sake of clarity, the Agreed and Finalized Project Plan” refers to the version of the Project Plan submitted by the contractor after receiving the letter of Award and the same approved by Webel Technology Ltd. The project plan may be changed/ modified during the course of the project. Should the Project Plan conflict with the provisions of the Contract in any way, the relevant provisions of the Contract, including any amendments, shall prevail.

  • Stormwater management BMP means an excavation or embankment and related areas designed to retain stormwater runoff. A stormwater management BMP may either be normally dry (that is, a detention basin or infiltration system), retain water in a permanent pool (a retention basin), or be planted mainly with wetland vegetation (most constructed stormwater wetlands).

  • The Project Plan means the document to be developed by the Supplier and approved by the Purchaser, pursuant to GCC Clause 19, based on the requirements of the Contract and the Preliminary Project Plan included in the Supplier’s bid. The “Agreed and Finalized Project Plan” is the version of the Project Plan approved by the Purchaser, in accordance with GCC Clause 19.2. Should the Project Plan conflict with the Contract in any way, the relevant provisions of the Contract, including any amendments, shall prevail.

  • Marijuana testing facility means an entity licensed to analyze and certify the safety and potency of marijuana.

  • Project Implementation Plan means the detail plan submitted by the Developer with regard to development of Project Facilities and its operation and management thereof in accordance with this Agreement and to be appended as Schedule 9 to this Agreement.

  • Project Completion Schedule means the progressive Project Milestones set forth in Schedule-J for completion of the Project Highway on or before the Scheduled Completion Date;

  • Cannabis testing facility means an entity registered by

  • Infrastructure project means any construction or acquisition of treatment works,

  • Construction Services Agreement means this Construction Services Agreement, together with any duly authorized and executed amendments hereto.

  • Key Project Personnel means the persons named in Schedule I (Key Project Personnel) and any replacement(s) approved by the City in accordance with ARTICLE 7;