Savings Target definition

Savings Target means the electricity savings (MW and MWh) specified in Schedule “B” and to be achieved at the end of 24 months and sustained for the term of this Agreement.
Sample 1Sample 2Sample 3
Savings Target means a dollar amount equal to at least 4.5% of the outstanding principal of the Refunded Bonds; i.e., the present value of (i) the aggregate debt service on the Refunded Bonds minus (ii) the aggregate debt service on the Refunding Bonds, after payment of all costs of issuance of the Refunding Bonds, must be at least 4.5% of the outstanding principal amount of the Refunded Bonds.
Sample 1

Examples of Savings Target in a sentence

  • Without limiting the generality of the foregoing, the Participant acknowledges that its participation in the M&T Initiative hereunder is based on its own assessment of the M&T Initiative and not on any reliance on anticipated or projected results, and that such participation may not result in the achievement of any electricity savings, demand savings or the achievement of the Savings Target, which is expressly disclaimed by the Participant.

  • Progress towards the Minimum Annual Savings Target will be assessed based on Confirmed Annual Energy Savings arising from Projects implemented by the Energy Manager which are in-service during the Participant Agreement term and where savings are expected to persist for a minimum of one (1) year from the Project’s in-service date, as reported in the Energy Manager’s Second Quarter Report and Annual Report submitted to the Technical Reviewer.

  • The energy efficiency component is aimed at producing a forecasted amount of energy- and capacity-related avoided power production cost savings based on a set of programs that achieves a Four-year Energy Savings Target.

  • Upon completion of each Assessment Period, the Technical Reviewer will review the Energy Manager’s performance to determine if it achieved the Annual Savings Target and may verify the Annualized Electricity Savings.

  • Control Savings Target of €645m is the 2012 target across the Department – this is monitored reported upon monthly.

  • Mandatory training programs will be designed to aid in the identification and/or implementation of measures enabling the Energy Manager to achieve the Annual Savings Target.

  • M&T Project Eligibility Criteria To be an Eligible M&T Project, the proposed project must: be in respect of a single Facility of the Eligible Person connected to, or behind the meter of another electricity consumer connected to, a Local Distribution Company’s Distribution System within the LDC’s service area; and be in respect of a System or a Facility that has the potential to achieve the Savings Target.

  • The following table presents the targets for the three years: Table 5: Savings Targets Performance Period Date Range Savings Target kWh Therms Year 1 Performance 01/01/2024 to 12/31/2024 0 4,356 Year 2 Performance 01/01/2025 to 12/31/2025 0 4,356 Year 3 Performance 01/01/2026 to 12/31/2026 0 4,356 Total 0 13,068 PSE Savings Calculations PSE will calculate the savings of the performance period against the baseline period on an annual basis for PARTICIPANT.

  • The Monthly Energy Savings Target for the First Month and (if applicable) the Final Month shall be reduced pro-rata according to the number of Days in the First Month or Final Month as applicable.

  • The energy efficiency component is aimed at producing a forecasted amount of energy­ and capacity­related avoided power production cost savings based on a set of programs that achieves a Four­year Energy Savings Target.

Related to Savings Target

  • Profit Sharing Plan means a profit-sharing plan that is qualified pursuant to 26 U.S.C. § 401 of the Internal Revenue Code and subject to the Employee Retirement Income Security Act, and which provides for employer contributions in the form of cash, but not in the form of stock or other equity interests in a Medical Marijuana Business.

  • One-hundred-year flood means a flood having a one per cent chance of being equaled or exceeded in any given year.

  • Class Year Study means a Class Year Interconnection Facilities Study as that term is defined in OATT Section 25 (OATT Attachment S).

  • Participating Retail Health Clinic means a Retail Health Clinic which has a written agreement with the Claim Administrator or another Blue Cross and/or Blue Shield Plan to provide services to you at the time services are rendered.

  • Flexi Plan means any individual indemnity hospital insurance plan under the VHIS framework with enhancement(s) to any or all of the protections or terms and benefits that the Standard Plan provides to the Policy Holder and the Insured Person, subject to certification by the Government. Such plan shall not contain terms and benefits which are less favourable than those in the Standard Plan, save for the exception as may be approved by the Government from time to time.

  • Deferred Compensation Plan means any plan, agreement or arrangement maintained by the Company from time to time that provides opportunities for deferral of compensation.

  • Average Incentive Compensation means the average of the annual incentive compensation under Subparagraph 3(a) received by Executive for the three (3) immediately preceding fiscal years or such fewer number of complete fiscal years as Executive may have been employed by the Company. In no event shall “Average Incentive Compensation” include any sign-on bonus, retention bonus or any other special bonus. Notwithstanding the foregoing, if the Executive breaches any of the provisions contained in Paragraphs 4 and 5 of this Agreement, all payments of the Severance Amount shall immediately cease. Notwithstanding the foregoing, in the event Executive terminates his employment for Good Reason as provided in Subparagraph 6(e), he shall be entitled to the Severance Amount only if he provides the Notice of Termination provided for in Subparagraph 6(f) within thirty (30) days after the occurrence of the event or events which constitute such Good Reason as specified in clauses (A), (B), (C), (D), (E) and (F) of Subparagraph 6(e);

  • Number of Students Who Began Program means the number of students who began the program who are scheduled to complete the program within the reporting calendar year.

  • Savings Plan or "plans" means a plan that provides different investment strategies and allows account distributions for qualified higher education expenses.

  • Retirement Plans means the retirement income, supplemental executive retirement, excess benefits and retiree medical, life and similar benefit plans providing retirement perquisites, benefits and service credit for benefits at least as great in the aggregate as are payable thereunder prior to a Change in Control;

  • Plan Year means the calendar year.

  • Eligible Earnings means the Grantee's base salary (prior to any deferrals under a cash or deferred compensation plan sponsored by the Corporation or an Affiliate) paid during the Plan Year. From time to time the Plan Administrator may, in its sole discretion, establish rules for determining the amounts of Eligible Earnings for employees who become Grantees other than on the first day of a Plan Year as well as any reduction of Eligible Earnings as a result of paid leave of absences.

  • Projected Annual Benefit means the annual retirement benefit (adjusted to an actuarial equivalent straight life annuity if such benefit is expressed in a form other than a straight life annuity or Qualified Joint and Survivor Annuity) to which the Participant would be entitled under the terms of the Plan assuming:

  • Program Year means the annual period beginning January 1 and ending December 31.

  • Multiple employer welfare arrangement means a multiple employer welfare arrangement

  • Non-Participating Retail Health Clinic means a Retail Health Clinic which does not have a written agreement with the Claim Administrator or another Blue Cross and/or Blue Shield Plan to provide services to you at the time services are rendered.

  • Incentive Compensation Plans means annual incentive compensation plans and long‑term incentive compensation plans of the Company, which long‑term incentive compensation plans may include plans offering stock options, restricted stock and other long‑term incentive compensation.

  • Retirement Plan means a plan which provides retirement benefits to you and which is not funded wholly by your contributions. The term shall not include a profit-sharing plan, informal salary continuation plan, registered retirement savings plan, stock ownership plan, 401(K) or a non-qualified plan of deferred compensation.

  • Qualified Plan means a Pension Plan that is intended to be tax-qualified under Section 401(a) of the IRC.

  • Incentive Compensation Plan means any plan, agreement or other arrangement that provides for the grant or issuance of equity or equity-based awards and that is now in effect or is hereafter adopted by the Company or the Manager for the benefit of any of their respective employees or other service providers (including directors, advisers and consultants), or the employees or other services providers (including directors, advisers and consultants) of any of their respective Affiliates or Subsidiaries.

  • Nonqualified deferred compensation plan means a compensation plan described in Section 3121(v)(2)(C) of the Internal Revenue Code.

  • Qualified Matching Contribution means any employer contribution allocated to an Eligible Employee’s account under any plan of an Employer or a Related Company solely on account of “elective contributions” made on his behalf or “employee contributions” made by him that is a qualified matching contribution as defined in regulations issued under Code Section 401(k), is nonforfeitable when made, and is distributable only as permitted in regulations issued under Code Section 401(k).

  • Pension program means the defined benefit pension program of the Oregon Public Service

  • Parent 401(k) Plan has the meaning set forth in Section 6.6(e).

  • Company Pension Plan means each: (a) Company Employee Plan that is an “employee pension benefit plan,” within the meaning of Section 3(2) of ERISA; or (b) other occupational pension plan, including any final salary or money purchase plan.

  • Plan Benefit means the benefit payable to a Participant as calculated in Article V.