Utility Rebates Clause Samples

The Utility Rebates clause defines how any financial incentives, rebates, or credits received from utility companies for energy-efficient improvements or installations are handled between the parties. Typically, this clause specifies whether the owner, contractor, or another party is entitled to claim and retain such rebates, and may outline the process for applying for them. Its core function is to ensure clarity and prevent disputes over the allocation of utility-related financial benefits arising from the project.
Utility Rebates. Utility rebates secured or obtained due to the installation of the ECMs at the Facility belong to the University. University may, at its discretion, utilize utility rebates to pay for authorized change orders.
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Utility Rebates. Utility rebates secured or obtained due to the installation of the ECMs at the Premises belong to the CUSTOMER.
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Utility Rebates. Any energy rebates and/or refunds received by CUSTOMER as a result of the Work are the result of an agreement between CUSTOMER and the utility company and are not included in HONEYWELL’S Guaranteed Savings. However, HONEYWELL shall complete rebate applications for the CUSTOMER providing necessary documentation in the form of calculations, design documents, and like materials as required for rebate applications, submit those applications on CUSTOMER’S behalf, and assist CUSTOMER in discussions and negotiations with the utility required to secure approval of rebate applications.
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Utility Rebates. It is understood that all utility rebates and/or refunds are the result of an agreement between CUSTOMER and the utility company and HONEYWELL assumes no responsibility for either obtaining said rebates and/or refunds or for the quantity of said rebates and/or refunds.
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Utility Rebates. In the event that any of the heating, ventilating, --------------- or air conditioning equipment, or any other energy systems installed in the Demised Premises, entitle the purchaser thereof to any rebate of the cost of purchase, Landlord shall assign to Tenant all of its interest in such rebate. Landlord shall cooperate with Tenant at no expense to Landlord to enable Tenant to process any necessary applications for such rebates by signing or endorsing any such applications after the same have been prepared or compiled by Tenant.
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Utility Rebates. Parties to this agreement will continue to work together, to establish two or more defined levels of performance based on IPLV efficiency ratios for constant volume and variable volume fans as described above. The number of levels and their definition remains open to be determined after conducting market research to better understand the reasonable expectations of the marketplace, and what levels would motivate the greatest impact. This determination will be done for fans as part of an ACEEE led initiative to create levels, their definitions and their branding in cooperation with the motor, pump and air compressor industries. Parties to this agreement believe that common branding and definitions for all driven loads (not just fans) will have the greatest positive impact on sales of higher efficiency products. Once determined, the parties will work together to raise funds necessary to monitor fan performance in sufficient quantity and scope that will fully demonstrate the savings available from different efficiency ratio levels.
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Utility Rebates. Utility rebates,(if any) secured or obtained due to the installation of the ECMs belong to the CITY and will be defined in the first year Annual Reconciliation report.
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Utility Rebates. It is understood that all utility rebates and/or refunds are the result of an agreement between Customer and the utility company and Honeywell assumes no responsibility for either obtaining said rebates and/or refunds or for the quantity of said rebates and/or refunds. It is further understood that any evaluation and presentation of options by Honeywell for potential utility rebates and credits available to Customer from utility companies is limited to those identified during contract negotiation and during installation. Assisting the Customer in securing identified rebates is understood to be a construction and installation task and is not part of these on-going services.
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Related to Utility Rebates

  • Utility Services Company agrees to pay the full cost and expense associated with its use of all utilities, including but not limited to water, sanitary sewer, electric, storm drainage, and telecommunication services.

  • Personal Property Reimbursement Employees shall, in proper cases, be reimbursed for the repair or replacement of personal property damaged in the line of duty without fault of the employee. The amount of reimbursement for articles of clothing shall be the depreciated value based on the age and condition of the article. Reimbursement for a watch shall be limited to the functional value of the watch.

  • Utility Service To the extent commercially reasonable and practicable, the Sellers and Purchaser shall obtain ▇▇▇▇▇▇▇▇ and meter readings as of the Business Day preceding the Closing Date to aid in the proration of charges for gas, electricity and other utility services which are not the direct responsibility of Tenants. If such ▇▇▇▇▇▇▇▇ or meter readings as of the Business Day preceding the Closing Date are obtained, adjustments for any costs, expenses, charges or fees shown thereon shall be made in accordance with such ▇▇▇▇▇▇▇▇ or meter readings. If such ▇▇▇▇▇▇▇▇ or meter readings as of the Business Day preceding the Closing Date are not available for a utility service, the charges therefor shall be adjusted at the Closing on the basis of the per diem charges for the most recent prior period for which bills were issued and shall be further adjusted at the Final Closing Adjustment on the basis of the actual bills for the period in which the Closing takes place. Each Property’s Seller shall receive a credit at Closing for the Utility Deposits, if any, that are transferred or made available to Purchaser and that are held by applicable utility companies for the account of such Seller in respect of services provided to such Seller’s Property or Properties. Purchaser shall arrange for placing all utility services and bills in its own name as of the Closing Date.

  • Utility Charges Tenant shall pay or cause to be paid all charges for electricity, power, gas, oil, water and other utilities used in connection with the Leased Property.

  • REAL ESTATE TAXES, SPECIAL ASSESSMENTS AND PRORATIONS (a) Because the Entire Property (of which the Property is a part) is subject to a triple net lease (as further set forth in paragraph 11(a)(i), the parties acknowledge that there shall be no need for a real estate tax proration. However, Seller represents that to the best of its knowledge, all real estate taxes and installments of special assessments due and payable in all years prior to the year of Closing have been paid in full. Unpaid real estate taxes and unpaid levied and pending special assessments existing on the date of Closing shall be the responsibility of Buyer and Seller in proportion to their respective Tenant in Common interests, pro-rated, however, to the date of closing for the period prior to closing, which shall be the responsibility of Seller if Tenant shall not pay the same. Seller and Buyer shall likewise pay all taxes due and payable in the year after Closing and any unpaid installments of special assessments payable therewith and thereafter, if such unpaid levied and pending special assessments and real estate taxes are not paid by any tenant of the Entire Property. (b) All income and all operating expenses from the Entire Property shall be prorated between the parties and adjusted by them as of the date of Closing. Seller shall be entitled to all income earned and shall be responsible for all expenses incurred prior to the date of Closing, and Buyer shall be entitled to its proportionate share of all income earned and shall be responsible for its proportionate share of all operating expenses of the Entire Property incurred on and after the date of closing.