My WebLink
|
Help
|
About
|
Sign Out
Home
Browse
Search
R2018-96 Authorizing an Amendment to the Services Agreement with Johnson Controls CP 2018-07
COD
>
City Clerk
>
RESOLUTIONS
>
2018
>
R2018-96 Authorizing an Amendment to the Services Agreement with Johnson Controls CP 2018-07
Metadata
Thumbnails
Annotations
Entry Properties
Last modified
3/11/2021 12:46:49 PM
Creation date
8/8/2018 10:32:34 AM
Metadata
Fields
Template:
Resolution/Ordinance
Res Ord Num
R2018-96
Res Ord Title
Resolution Authorizing an Amendment to the Services Agreement with Johnson Controls CP 2018-07
Department
Public Works
Approved Date
8/6/2018
There are no annotations on this page.
Document management portal powered by Laserfiche WebLink 9 © 1998-2015
Laserfiche.
All rights reserved.
/
125
PDF
Print
Pages to print
Enter page numbers and/or page ranges separated by commas. For example, 1,3,5-12.
After downloading, print the document using a PDF reader (e.g. Adobe Reader).
View images
View plain text
EXHIBIT B Schedule 2 <br /> Benefits achieved for the applicable year plus any Non-Measured Project Benefits applicable to such period and <br /> advise Customer of same. <br /> Customer acknowledges and agrees that if, for any reason, it(i)cancels, or terminates receipt of M&V <br /> Services, (ii)fails to pay for M&V Services in accordance with Schedule 4, (iii)fails to fulfill any of its <br /> responsibilities necessary to enable JCI to complete the Work and provide the M&V Services, or(iv) <br /> otherwise cancels, terminates or materially breaches this Agreement, the Assured Performance Guarantee <br /> shall automatically terminate and JCI shall have no liability hereunder. <br /> C. Project Benefits Shortfalls or Surpluses. <br /> i. Proiect Benefits Shortfalls. If an Annual Project Benefits Shortfall occurs for any one year of the Guarantee <br /> Term, JCI shall, at its discretion and in any combination, (a) set off the amount of such shortfall against any <br /> unpaid balance Customer then owes to JCI, (b)where permitted by applicable law, increase the next year's <br /> amount of Annual Project Benefits by the amount of such shortfall, (c) pay to Customer the amount of such <br /> shortfall, or(d)subject to Customer's agreement, provide to Customer additional products or services, in <br /> the value of such shortfall, at no additional cost to Customer.* <br /> ii. Proiect Benefits Surpluses. If an Annual Project Benefits Surplus occurs for any one year of the Guarantee <br /> Term, JCI may, at its discretion and in any combination, (a)apply the amount of such surplus to set off any <br /> subsequent Annual Project Benefit Shortfall during the Guarantee Term, or(b)bill Customer for the amount <br /> of payments made pursuant to Section C(i)(c) above and/or the value of the products or services provided <br /> pursuant to clause C(i)(d)above, in an amount not to exceed the amount of such surplus.* <br /> iii. Additional Improvements. Where an Annual Project Benefits Shortfall has occurred, JCI may, subject to <br /> Customer's approval(which approval shall not be unreasonably withheld, conditioned, or delayed), <br /> implement additional Improvement Measures, at no cost to Customer, which may generate additional <br /> Project Benefits in future years of the Guarantee Term. <br /> *In the event JCI is providing an Assured Performance Guarantee under Schedule 2,Annual Project Benefits <br /> Shortfalls and Annual Project Benefits Surpluses under each such Schedule shall be reconciled against one <br /> another. <br /> Performance Contract(Rev 15) <br /> Johnson Controls,Inc.—Proprietary <br /> 0 2008 Johnson Controls,Inc. <br /> 11 <br />
The URL can be used to link to this page
Your browser does not support the video tag.