Utility Cost Reduction definition

Utility Cost Reduction means reduction in utility expenses.
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Utility Cost Reduction is defined as any savings realized by Kmart on or before December 31, 1994, based on Kmart's 1992 usage and rates. Contractor's Fee shall be thirty percent (30%) of the Monthly Utility Cost Reduction multiplied by eighteen (18) months. Contractor shall issue an invoice to Kmart for Contractor's Fee. Payment of invoices are due within sixty (60) days from Kmart's receipt of Contractor's invoice accompanied by complete documentation satisfactory to Kmart establishing the Monthly Utility Cost Reduction provided that Contractor continues to perform all services set forth under Section II herein and Kmart continues to realize the Monthly Cost Reduction for the full eighteen (18) months. Kmart reserves the right to deduct from any future payments due Contractor any savings that do not continue through the full eighteen (18) month period. Kmart shall not be liable to Contractor for any costs or fees associated with savings which are first realized after December 31, 1994.
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Examples of Utility Cost Reduction in a sentence

  • TOWNBOARD RECOMMENDATION: APPROVAL SUPPORT RECEIVED: NAOPPOSITION RECEIVED: 2 postcards PUBLIC HEARING:SPEAKER(S): 1 in agreement; 0 in protest.

  • General Work includes the following:  Final engineering work for each Utility Cost Reduction Measure (UCRM).

  • Pages )It is recommended that the Board of Education approve the Utility Cost Reduction service agreement with Effective Utility Services II, LLC.

  • XXXX agrees to timely deliver the Construction and Utility Cost Reduction Services described in this Contract.

  • General Work includes the following: • Final engineering work for each Utility Cost Reduction Measure (UCRM).

  • Scope of Utility Cost Reduction Measures (includes Bonds, Project Management and Training) for a contract sum of Three Million Six Hundred Forty Thousand Three Hundred Thirty-Three and No/100 Dollars ($3,640,333.00).

  • She was the goddess’ fertile womb, her passion, and her erotic nature.

  • Owner/ Applicant Prior to the record-ation of the tent-ative map, the start of the use or the issuance of build-ing and grading permits.

  • Utility Cost Reduction Measure (UCRM): Measure to reduce energy or operating costs of facilities.

  • The Commission received 13 comments that supported the idea for using Utility Cost Reduction Bonds.