Retrofit Costs definition

Retrofit Costs are the sum of (i) the price for the Work; (ii) interest and other direct fees for financing required to be made by Customer pursuant to the Financing Document; and (iii) the payments required to be made by Customer for the M&V Services.
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Retrofit Costs means the costs of the Retrofit, including all costs and fees related to design and engineering services, the procurement of equipment, construction, permitting, biocatalyst development, Facility Improvements, Facility Payments (it being understood that during the Retrofit Phase, Facility Payments will be made solely to the extent incurred pursuant to Section 2.1(a)(ii) of the Joint Venture Agreement) and all of Gevo’s expenses which are directly allocable to the Retrofit.
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Retrofit Costs has the meaning specified in Section 2.1(a).
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Examples of Retrofit Costs in a sentence

  • The Guaranteed Savings and the Annual Scheduled Savings are set forth in the table below (such table, the “Schedule of Guaranteed Savings”): Provided however, that, notwithstanding the above, in no event shall the Guaranteed Savings exceed the total Retrofit Costs over the Guaranteed Term.

  • In addition, until such time as the Performance Level equals 100%, Gevo’s Capital Account shall be credited with additional amounts equal to any Retrofit Costs borne by Gevo during the Gevo Economic Period.

  • Promptly following Our request You shall provide copies of invoices (received) and promptly following Our reasonable request specific reports on the Agri-Energy Retrofit Costs.

  • Within forty-five (45) days after the end of each fiscal quarter, You will provide Us with a summary statement of the amount of the Agri-Energy Retrofit Costs for which You have incurred through such quarter along with an updated summary projection of Agri-Energy Retrofit Costs, such certificate to be executed by officer of You.

  • Gevo Development shall provide Redfield with information reasonably requested by Redfield to support the amount of any adjustments based on Retrofit Costs.

  • Gevo Development has all funds or financing in place necessary to pay and deliver to Redfield all of the consideration due pursuant to this Agreement at Closing and to pay any and all Retrofit Costs.

  • In addition, until such time as the Performance Level equals 100%, Gevo Development shall receive a credit in the capital contribution account of its Class G Units for the full amount of any Retrofit Costs borne by Gevo Development during the Operational Phase.