Project Savings definition

Project Savings means and refers to the amount by which the total costs and expenses required to be paid by StadCo under the Construction Agreements for the Stadium Project Improvements Work is less than the Project Budget. Subject to the terms of Section 12.3 below, any such Project Savings shall, within forty five (45) days after Final Completion of the Project Improvements Work, be retained by or paid to StadCo.
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Project Savings means and refers to the amount by which the total costs and expenses required to be paid by Bristol under the Construction Agreements for the Project Improvements Work is less than the Project Budget. Subject to the terms of Section 8(c) below, any such Project Savings shall, within forty five (45) days after Final Completion of the Project Improvements Work, be retained by or paid to Bristol. For avoidance of doubt, Bristol shall be entitled to recoup any remaining funds in the Project Accounts that result from Project Savings after the completion of the Project Improvements Work up to the amount of the Bristol Contribution. Any remaining funds above that amount will be retained by or paid to the Authority.
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Project Savings means the savings realized on City's utility bill(s) directly attributable to the operation of the Project.
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Examples of Project Savings in a sentence

  • Any savings generated from the substitution shall be considered Project Savings under Article 7.

  • Project Savings EstimateThe summary of the proposed measures should be completed along with all equations and calculations used to determine the demand and energy savings estimate.

  • If subsequent to payments of Cost Overruns by StadCo, Project Savings are realized, the same shall first be paid to StadCo until StadCo has recovered the amount paid by it for all prior Cost Overruns.

  • Subject to the terms of Section 12.3 below, any such Project Savings shall, within forty five (45) days after Final Completion of the Project Improvements Work, be retained by or paid to StadCo.

  • The Head may, after consultation with the Parents and if appropriate the Pupil, decline to apply for access arrangements or post-examination services if, in their professional judgement it is considered not to be in the best interests of the Pupil or the examination cohort to do so.

  • In order to reconcile this Project Savings Performance Guarantee, the “Actual Project Dollar Savings Amount” for each Measurement Year shall be determined by Contractor in accordance with the procedures of the Measurement and Verification Plans approved by Portland.

  • For each Performance Guarantee Year, the Contractor guarantees that the Project Savings Amount will equal or exceed the Guaranteed Annual Savings Amount.

  • If the M&V Report demonstrates that the Work will achieve one hundred percent (100%) of the Expected Project Savings, then Ameresco shall have satisfied the energy performance guarantee obligations for the entire guarantee period and CSL shall accept the M&V Report.

  • Field interventions in three provinces led to the establishment of three MFIs: Sayaboury Microfinance Office, Sihom Project Savings and Credit Scheme and Oudomxay Development NDTMFI.

  • References shall include:• Customer Name• Name and Telephone Number of Contact• Brief Description of the Project• Project Beginning and Ending Dates• Specific ECMs installed• Project Cost and Savings• Percent of Project Savings Resulting from Deemed or Stipulated Savings (Separate energy and non-energy savings.


More Definitions of Project Savings

Project Savings has the meaning set forth in Section 5(k) below.
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Project Savings means the amount by which actual Total Project Costs are less than the Estimated Project Costs, as adjusted for Change Orders.
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Project Savings means the sum, if any, by which the total costs and expenses required to be paid to perform the Stadium Project Improvements is less than the Stadium Project Budget (as defined in the Construction Administration Agreement), after its establishment and subject to any revisions as provided in this Agreement, (i) by changes to the Final Plans that the parties agree to make and that are executed (ii) by cost efficiencies achieved during the design and/or construction of the Stadium Project Improvements or (iii) any other costs savings that result in unused project contingency set forth in the Stadium Project Budget upon Final Completion. Each Party shall notify the other Party if at any time it becomes aware the costs at any phase of the design, development or construction process is reasonably anticipated to exceed any budget category in the Stadium Project Budget. If any Project Savings are realized, all such Project Savings shall be paid to, or be for the account of, StadiumCo. Each Party shall have the right to pursue claims and receive recoveries, damages, and penalties from contractors and sureties in proportion to their respective losses attributable to the defaults of such contractors and sureties. The Parties shall cooperate with each other in pursuing joint recoveries. Each Party shall be responsible for selecting its own counsel and shall be responsible for its own litigation expenses.
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Project Savings means the sum, if any, by which the total costs and expenses required to be paid to perform the Stadium Project Improvements is less than the Stadium Project Budget, after its establishment and subject to any revisions as provided in this Agreement, (i) by changes to the Final Plans that the parties agree to make and that are executed (ii) by cost efficiencies achieved during the design and/or construction of the Stadium Project Improvements or (iii) any other costs savings that result in unused project contingency set forth in the Stadium Project Budget upon Final Completion.. Each Party shall notify the other Party if at any time it becomes aware the costs at any phase of the design, development or construction process is reasonably anticipated to exceed any budget category in the Stadium Project Budget. If subsequent to payments of Cost Overruns by StadiumCo, Project Savings are realized, the same shall first be paid to StadiumCo until StadiumCo has recovered the amount paid by it for all Cost Overruns. Each Party shall have the right to pursue claims and receive recoveries, damages, and penalties from contractors and sureties in proportion to their respective losses attributable to the defaults of such contractors and sureties. The Parties shall cooperate with each other in pursuing joint recoveries. Each Party shall be responsible for selecting its own counsel and shall be responsible for its own litigation expenses.
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Project Savings shall have the meaning provided in Section 6.05.
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Project Savings shall have the meaning set forth in Section 12.2 of this Agreement. “Project Status Report” shall have the meaning set forth in Section 8.1 of this Agreement. “Project Submission Matters” shall mean each and all of the following and any amendments or material changes to, or material modifications or waivers of them, and in the case of contracts or agreements, entering into the same or the termination or cancellation thereof:
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Related to Project Savings

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

  • 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.

  • Pro Forma Cost Savings means, without duplication of any amounts referenced in the definition of “Pro Forma Basis,” an amount equal to the amount of cost savings, operating expense reductions, operating improvements (including the entry into any material contract or arrangement) and acquisition synergies, in each case, projected in good faith to be realized (calculated on a pro forma basis as though such items had been realized on the first day of such period) as a result of actions taken on or prior to, or to be taken by Lead Borrower (or any successor thereto) or any Restricted Subsidiary within 24 months of, the date of such pro forma calculation, net of the amount of actual benefits realized or expected to be realized during such period that are otherwise included in the calculation of Consolidated EBITDA from such action; provided that (a) such cost savings, operating expense reductions, operating improvements and synergies are factually supportable and reasonably identifiable (as determined in good faith by a responsible financial or accounting officer, in his or her capacity as such and not in his or her personal capacity, of Lead Borrower (or any successor thereto)) and are reasonably anticipated to be realized within 24 months after the date of such pro forma calculation and (b) no cost savings, operating expense reductions, operating improvements and synergies shall be added pursuant to this definition to the extent duplicative of any expenses or charges otherwise added to Consolidated Net Income or Consolidated EBITDA, whether through a pro forma adjustment or otherwise, for such period; provided, further, that the aggregate amount added in respect of the foregoing proviso (or otherwise added to Consolidated Net Income or Consolidated EBITDA) shall no longer be permitted to be added back to the extent the cost savings, operating expense reductions, operating improvements and synergies have not been achieved within 24 months of the action or event giving rise to such cost savings, operating expense reductions, operating improvements and synergies.

  • Procurement Plan means the Recipient’s procurement plan for the Project, dated April 2, 2010, and referred to in paragraph 1.16 of the Procurement Guidelines and paragraph 1.24 of the Consultant Guidelines, as the same shall be updated from time to time in accordance with the provisions of said paragraphs.

  • Stormwater management planning area means the geographic area for which a stormwater management planning agency is authorized to prepare stormwater management plans, or a specific portion of that area identified in a stormwater management plan prepared by that agency.

  • Operating Budget has the meaning given in Section 3.11(a).