Savings Shortfall definition

Savings Shortfall means the Annual Realized Savings less the Guaranteed Annual Savings for the Annual Period resulting in an amount less than zero.
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Savings Shortfall means, in respect of the ZEB Fleet during a specified period of time, the amount (if any) that the Actual Savings during such specified period of time are less than the Forecast Savings during the same period of time; provided, however, that if more than one Financial Close occurs, the Actual Savings and the Forecast Savings relating to the Additional ZEBs that are the subject of the Additional Purchase will not be included in the calculation of the Savings Shortfall until the next Payment Date (and thereafter) that follows the First Payment Date in respect of such Additional ZEBs;
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Savings Shortfall means the difference between the Guaranteed Annual Savings and the Actual Savings for a given Guarantee Year. Energy and Construction Services Contract Page 24 Version: January 2024
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Examples of Savings Shortfall in a sentence

  • ESCO will make payments for any Savings Shortfall to Customer within thirty (30) days of that year's Guaranteed Savings Reconciliation.

  • Officials should be dressed and ready to report to the floor 15 minutes prior to the scheduled start time, as this is when a game official’s jurisdiction begins.

  • Seller may, with Buyer’s assistance, if required, but at Seller’s expense, conduct settlement negotiations or the defense of any litigation.

  • The Parties agree that cumulative amount of all Savings Shortfall and O&M penalty payments made to CLIENT or deducted from the Services Payments under the terms of this Agreement shall not exceed $100,000.00 ("Penalties Cap").

  • Within sixty (60) days following issuance and acceptance by CLIENT of the Annual Performance Report for the corresponding Annual Period, CONTRACTOR shall pay to CLIENT the Savings Shortfall, if any, identified in the Annual Performance Report and shall have fulfilled its obligations under the Performance Guarantee for the applicable Annual Period and the Shortfall Payment being then equal to the Guaranteed Annual Savings for the applicable Annual Period.

  • In the event that an Energy Savings Overage exists, the Energy Savings Overage shall not be used as a credit to cover a potential Energy Savings Shortfall in subsequent years.

  • The Base Rate shall be utilized to determine the payment required from the Company to the Customer in case of an Energy Savings Shortfall, as described in Section 4.4. 1.4 Change means a request by the Customer that changes the Services, which may consist of modifications or additions to, or deletions from, any Services to be performed or materials to be provided by the Company, arising under this Master Agreement.

  • The Companyshall remit the Energy Savings Shortfall to the Customer within forty-five (45) days of issuing the Measurement & Verification (M&V) Report to the Customer.

  • If, in any Guarantee Year, the Annual Savings exceed the Guaranteed Savings for such Guarantee Year, the excess savings will be used first to reimburse Ameresco for any Savings Shortfall payments made in previous years, whether such payment was made in cash or through installation of additional ECMs, with the balance included in the Annual Savings amount for the succeeding Guarantee Year.

  • For each year during the Guarantee Performance Term where Verified Savings are less than the Guaranteed Savings for the same period, a Savings Shortfall will be reported.


More Definitions of Savings Shortfall

Savings Shortfall means the Annual Realized Savings less the Guaranteed Annual Savings for the Annual Period resulting in an amount less than zero. "Schedule(s)" refers to the Schedules 1 through 6 herein. "Schedule and Breakdown of the Works" refers to the schedule detailed in the Implementation Plan. "Scheduled Maintenance" refers to proactive maintenance provisions identified in Section 2.3.1 of Schedule 3.
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