be unreasonably withheld). Equipment Payment for Customer Amount and frequency maintenance maintenance of the to be specified in (6.8) equipment if schedule 1. maintained by ESCO Training Customer to pay for Customer On invoice by ESCO. (6.10) any ongoing training to be provided by ESCO. Customer must accept quote prior to training. Savings Customer is Guaranteed guarantee guaranteed the by ESCO (8.3) amount of the guaranteed energy savings each year. Savings ESCO to pay ESCO Within 10 business shortfalls Customer any of the Customer days (8.5) shortfall in accepting that year’s guaranteed savings. audit. Excess Shortfall can be Customer ESCO to invoice savings (8.6) reclaimed from Customer. Customer to Customer if there is pay within 15 business any excess savings of the Customer days in subsequent years. receiving notice from Customer will the ESCO of the excess reimburse shortfall savings. payments up to the amount of the excess savings. Excess savings not required for reimbursement will be shared between the parties. Measurement Customer to pay Customer Timing of payment to and ESCO for be specified in schedule verification measurement and 1. fee (8.7) verification activities. Amount
be unreasonably withheld). Equipment maintenance (6.8) Payment for maintenance of the equipment if maintained by ESCO Customer Amount and frequency to be specified in schedule 1. Training (6.10) Customer to pay for any ongoing training to be provided by ESCO. Customer must accept quote prior to training. Customer On invoice by ESCO. Savings guarantee (8.3) Customer is guaranteed the amount of the guaranteed energy savings each year. Guaranteed by ESCO Savings shortfalls (8.5) ESCO to pay Customer any shortfall in guaranteed savings. ESCO Within 10 business days of the Customer accepting that year’s audit. Excess savings (8.6) Shortfall can be reclaimed from Customer if there is any excess savings in subsequent years. Customer will reimburse shortfall payments up to the amount of the excess savings. Excess savings not required for reimbursement will be shared between the parties. Customer ESCO to invoice Customer. Customer to pay within 15 business days of the Customer receiving notice from the ESCO of the excess savings. Measurement and verification fee (8.7) Customer to pay ESCO for measurement and verification activities. Amount Customer Timing of payment to be specified in schedule 1.
Standard%20Energy%20Performance%20Contract%20-%20NZ%20May%202014.docx