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 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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Examples of Savings Shortfall in a sentence

  • If the CO approves, the Excused Production shall be used in the Guaranteed Annual Savings Shortfall calculation (see Section G.6.4).

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

  • If the CO approves, the Excused Production shall be used in the Guaranteed Annual Savings Shortfall calculation (see Section G.5.4).

  • If the CO approves, the Excused Production shall be used in the Guaranteed Annual Savings Shortfall calculation (see Section G.1.6).

  • Where the Annual Realized Savings are less than the Guaranteed Annual Savings, a Savings Shortfall shall be recorded for the applicable Annual Period.

  • 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.

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

  • If an Annual Savings Surplus occurs for any one Performance Year of the Guarantee Period, Quandel may, at its discretion, apply the amount of such surplus to set off any subsequent Annual Savings Shortfall during the Guarantee Period.

  • At the end of the Term, if the final reconciliation shows a Project Savings Shortfall, Nexus shall pay Client that amount within 60 days, and if the final reconciliation shows a Project Savings Surplus, Client shall retain all such savings.

  • The Annual Reconciliation will be determined in the Annual M&V Report showing whether an Annual Savings Shortfall or an Annual Savings Surplus has been achieved.

Related to Savings Shortfall

  • Accumulation Shortfall shall initially mean zero and shall thereafter mean, with respect to any Monthly Period during the Controlled Accumulation Period, the excess, if any, of the Controlled Deposit Amount for the previous Monthly Period over the amount deposited into the Principal Funding Account pursuant to subsection 4.9(c)(i) with respect to the Certificates for the previous Monthly Period.

  • Class A Note Interest Shortfall means, for any distribution date, the excess of: • the Class A Noteholders’ Interest Distribution Amount on the preceding distribution date, over • the amount of interest actually distributed to the class A noteholders on that preceding distribution date, plus interest on the amount of that excess, to the extent permitted by law, at the interest rate applicable for each related class of notes from that preceding distribution date to the current distribution date.