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

  • The Chief Executive Officer may select some or all of the Refunding Candidates and designate those Refunding Candidates as the “Refunded Bonds” in the Bond Purchase Contract if and to the extent that the net present value aggregate savings with respect to all Refunded Bonds to be realized as a result of the refunding of the Refunded Bonds, after payment of all costs of issuance of the allocable Series2016 First Lien Bonds, is at least equal to the Savings Target.

  • The Council agreed an Efficiency Plan and signed up to the Government’s four-year settlement offer.Funding announcements are being monitored, especially those relating to the rates retention scheme.The Corporate Savings Target for 2014-2017 was achieved; a new Corporate savings target has been set.2.The Council has arrears of Housing Benefit overpayments, totalling approximately£981,000.

  • The last Quarterly Report must indicate whether or not the required minimum Annual Savings Target has been achieved.

  • In the event that the total amount of actual Cost Savings exceeds the Initial Costs Savings Targets, the Parties agree * such Costs Savings that exceed the Initial Cost Savings Targets (such Cost Savings that exceed the Initial Cost Savings Target being referred to as the “Excess Cost Savings”).

  • 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 Chief Executive Officer may select some or all of the Refunding Candidates and designate those Refunding Candidates as the “Refunded Bonds” in the Bond Purchase Contract if and to the extent that the net present value aggregate savings with respect to Refunded Bonds originally issued as fixed rate bonds to be realized as a result of the refunding of the Refunded Bonds, after payment of all costs of issuance of the allocable Refunding Bonds), exceed the Savings Target.

  • Additional one- time deposits will be counted towards the Target Savings Amount unless the Client agrees to increase the Savings Target.

  • The Trust Board noted the progress with delivering the Trust Savings Target for 2004/2005.

  • Since 2014 ongoing savings of almost £1.2m have been identified and built into the budget, as shown in the table in paragraph 5.1. The Medium Term Financial Plan indicates that a new Corporate Savings Target must be set to identify further ongoing savings (or additional income) of £1.6m over the next three years.

  • One of the priority requirements of Directive 2012/27/EU on energy efficiency is the obligation to set an Indicative 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.

  • Retirement Savings Plan means the Air Products and Chemicals, Inc. Retirement Savings Plan, as amended from time to time, together with any similar, succeeding or substitute plan.

  • 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 actuarially 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 Member 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 Benefit Arrangement that is intended to be tax-qualified under Section 401(a) of the Internal Revenue Code.

  • 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.

  • Group health benefit plan means any health care plan, subscription contract, evidence of

  • Individual account program means the defined contribution individual account program of

  • 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).

  • Profit Sharing Account means any one of the accounts so designated and provided for in Section 6.01.