Energy Asset Concession Agreement

(b) approved documents. Subject to the other provisions of this Agreement, whenever the approval or consent of the University is required in this Agreement in respect of any document, proposal, certificate, plan, drawing, specification, contract, agreement, budget, schedule, report or other written instrument (a “Document”), no such approval may be altered in any way after the approval of this Agreement. Document: be supplemented, replaced, revised, modified, amended or modified in any way without further approval in accordance with the provisions of this section 1.15. Recognizing that a status quo approach is no longer practical, many higher education institutions have turned to creative transactions that monetize core assets while transferring college or university risk over a long period of time. One such transaction is the Energy Asset Concession Agreement, a transaction that Bernhard (with a small group of other companies) has advanced in North America. I hope we can use capital more effectively to make the world a better place through clean, renewable energy, reliable and resilient networks for transportation, water and digital infrastructure, and improvements to airports, ports, hospitals, schools and other facilities that are critical to economic growth and quality of life. Section 3.6. Single-purpose commitments; Credit score. If, after the balance sheet date, the concessionaire issues or refinances a leasehold mortgage debt, it must have an investment quality rating determined by at least one of the credit rating agencies at the time of such issuance, refinancing or enrolment and provide the University with written proof of that credit rating at the same time as such issuance.

Refinancing or admission. Ohio State Energy Partners will implement an unprecedented energy efficiency program to achieve the university`s goal of sustainability in energy consumption. Click for IFRIC 12 Service Concession Agreements – A Practical Pocket Guide (PDF 241k, February 2011, 59 pages). At the start of its concession agreement, OSU received more than $1 billion in upfront payments and other consideration from the new concessionaire ohio state energy partners (OSEP), a joint venture between French company ENGIE North America and Canadian infrastructure fund Axium Infrastructure. The OSU used the initial payment to fund a new foundation owned by a specially formed and run 501(c)(3) nonprofit corporation. The Ohio State project is also designed to create an important center for research and commercialization of energy technology. 3. The University shall pay to the Concessionaire in 10 equal annual instalments any energy intensity premium earned by the Concessionaire on the basis of achieving the objective of reducing the intensity of energy consumption by 25 % at a lower cost than planned or on the basis of exceeding this target by at least 5 % in accordance with the table in Annex 21, where applicable. The future creates opportunities for innovation in procurement models, technology and energy management systems as schools adapt to changing circumstances. It remains to be seen how business cycles, national and national policies, the COVID-19 pandemic and its consequences, as well as demographic trends will affect university utility systems and energy consumption patterns.

The end of the June 2017 financial year is equal to or less than . . .