Amount of Default Security Sample Clauses

Amount of Default Security. The amount of the Default Security required by Section 8.2.1 shall be
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Amount of Default Security. The amount of the Default Security required by Section 8.2.1 shall be one hundred dollars ($100) per kW of Expected Nameplate Capacity Rating and will be held until the agreement expires.
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Amount of Default Security. The amount of the Default Security required by Section 7.2.1 shall be sufficient to provide replacement power and corresponding Renewable Energy Credits (if applicable) under this Agreement for the next twelve (12) calendar months. This amount shall be deemed equal to the positive difference between (a) the forward power prices at Palo Verde (as determined by PacifiCorp in good faith using information from a commercially reasonable independent source) for the next twelve (12) calendar months (or, if the remaining Term is less than twelve (12) calendar months), then for the remainder of the Term) plus $5 per MWh (if Renewable Energy Credits will be purchased by the Buyer under this Agreement), minus (b) the Contract Price, multiplied by the MWhs that would be delivered for such period under this Agreement (assuming Net Output based on the total of the estimated monthly output set forth on Exhibit B for that period); provided, however, that the Default Security shall be no less than $491,000 and shall not exceed $1,200,000. An Example illustrating the calculation of this amount under certain stated conditions is included in Exhibit 7.2.2.
Sample 1
Amount of Default Security. The amount of the Default Security required by Section 8.2.1 shall be sufficient to provide replacement power and corresponding Green Tags under this Agreement for the next eighteen (18) calendar months. This amount shall be deemed equal to the positive difference between (a) and (b) below, where (a) equals the forward power prices at Palo Verde (as determined in good faith using information from a commercially reasonable independent source) for the next eighteen (18) calendar months (or, if the remaining Term is less than eighteen (18) calendar months), then for the remainder of the Term), multiplied by 110 percent plus the Green Tag component of PacifiCorp’s Cost to Cover, and (b) equals the Contract Price multiplied by the MWhs that would be delivered for such period under this Agreement (assuming Net Output based on the total of the estimated monthly output set forth on Exhibit A for that period); provided, however, that the amount of Default Security shall in no event be less than the amount equal to the payments PacifiCorp would make for three average months based on Seller's average monthly volumes over the term of the Agreement (assuming Net Output) and utilizing the average forward power prices at Palo Verde (as determined in good faith using information from a commercially reasonable independent source).
Sample 1
Amount of Default Security. The amount of the Default Security required by Section 8.2.1 shall be sufficient to provide replacement power and corresponding Green Tags under this Agreement for the next eighteen (18) calendar months. This amount shall be deemed equal to the positive difference between the forward power prices at [specify appropriate liquid market hub] (as determined by PacifiCorp in good faith using information from a commercially reasonable independent source) for the next eighteen (18) calendar months (or, if the remaining Term is less than eighteen (18) calendar months), then for the remainder of the Term) multiplied by 110%, minus the Purchase Price, multiplied by the MWhs that would be delivered for such period under this Agreement (assuming Net Output based on the total of the estimated monthly outputs set forth on Exhibit D for that period); provided, however, that the Default Security shall not exceed the purchase price applicable to the next eighteen (18) calendar month period multiplied by the total estimated monthly output for that period as set forth on Exhibit D. An Example illustrating the calculation of this amount under certain stated conditions is included in Exhibit G.
Sample 1
Amount of Default Security. The amount of the Default Security required
Sample 1
Amount of Default Security. The amount of the Default Security required by Section 8.2.1 shall be fifty dollars ($50) per kW of Nameplate Capacity Rating during the first ten (10) Contract Years, an ninety ($90) per kW of Nameplate Capacity Rating during the last ten (10) Contract Years.
Sample 1
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Amount of Default Security. The amount of the Default Security required by Section 8.2.1 shall be sufficient to provide replacement power and corresponding Green Tags under this Agreement for the next 18 calendar months. This amount shall be deemed equal to the positive difference between (a) the forward power prices at Palo Verde (as determined in good faith using information from a commercially reasonable independent source) for the next 18 calendar months (or, if the remaining Term is less than 18 calendar months), then for the remainder of the Term), multiplied by 110 percent, plus the Green Tag component of PacifiCorp's Cost to Cover, minus (b) the Contract Price, multiplied by the MWhs that would be delivered for such period under this Agreement (assuming Net Output based on the total of the estimated monthly output set forth on Exhibit B for that period); provided, however, that the amount of Default Security shall in no event be less than the amount equal to the payments PacifiCorp would make for three average months based on Seller's average monthly volumes over the term of the Agreement (assuming Net Output) and utilizing the average forward power prices at Palo Verde (as determined in good faith using information from a commercially reasonable independent source); provided, however, that the initial amount of Default Security is estimated to be and shall be recalculated prior to Commercial Operation. An Example illustrating the calculation of this amount under certain stated conditions is included in Exhibit 8.2.2.
Sample 1

Related to Amount of Default Security

  • Default and Consequences of Default 18.1 Interest on overdue invoices shall accrue daily from the date when payment becomes due, until the date of payment, at a rate of two and a half percent (2.5%) per calendar month (and at the Supplier’s sole discretion such interest shall compound monthly at such a rate) after as well as before any judgment.

  • Event of Default Any of the following shall constitute an “Event of Default”:

  • Consequences of Default Upon the occurrence of any Event of Default, as defined in the Revenue Sharing Agreement:

  • Xxxxxx of Default Any one or more of the following shall constitute an “Event of Default” hereunder:

  • Events of Default Any of the following shall constitute an Event of Default:

  • Owner Default Failure of the Owner, which has not been remedied or waived, to pay the Contractor as required under the Construction Contract or to perform and complete or comply with the other material terms of the Construction Contract.

  • Developer Event of Default Any of the following events shall constitute an event of default by the Developer ("Developer Event of Default") unless such event has occurred as a result of a Force Majeure Event or the Authority Event of Default or any governmental action for reasons other than any breach, default or lapse on the part of the Developer:

  • Consequences of an Event of Default (a) If an Event of Default specified in subsections (a) through (l), (o), (p) or (q) of Section 7.01 shall occur and, be continuing or shall exist, then, in addition to all other rights and remedies which the Administrative Agent or any Lender may have hereunder or under any other Loan Document, at law, in equity or otherwise, the Lenders shall be under no further obligation to make Loans hereunder, and the Administrative Agent may, and, upon the written request of the Required Lenders shall, by notice to the Borrower, from time to time do any or all of the following:

  • EVENT OF DEFAULT/REMEDIES 8.1 Any one or more of the following acts or omissions of the Contractor shall constitute an event of default hereunder (“Event of Default”):

  • Notice of Event of Default If the Mortgagee shall have Actual Knowledge of an Event of Default or of a Default arising from a failure to pay Rent, the Mortgagee shall give prompt written notice thereof to the Owner Trustee, the Owner Participant, Lessee, and each Note Holder. Subject to the terms of Sections 2.13, 4.03, 4.04, 4.08, 5.02 and 5.03 hereof, the Mortgagee shall take such action, or refrain from taking such action, with respect to such Event of Default or Default (including with respect to the exercise of any rights or remedies hereunder) as the Mortgagee shall be instructed in writing by a Majority in Interest of Note Holders. Subject to the provisions of Section 5.03, if the Mortgagee shall not have received instructions as above provided within 20 days after mailing notice of such Event of Default to the Note Holders, the Mortgagee may, subject to instructions thereafter received pursuant to the preceding provisions of this Section 5.01, take such action, or refrain from taking such action, but shall be under no duty to take or refrain from taking any action, with respect to such Event of Default or Default as it shall determine advisable in the best interests of the Note Holders; PROVIDED, HOWEVER, that the Mortgagee may not sell the Aircraft or any Engine without the consent of a Majority in Interest of Note Holders. For all purposes of this Trust Indenture, in the absence of Actual Knowledge on the part of the Mortgagee, the Owner Trustee or the Owner Participant, the Mortgagee, the Owner Trustee or the Owner Participant, as the case may be, shall not be deemed to have knowledge of a Default or an Event of Default (except, in the case of the Mortgagee, the failure of Lessee to pay any installment of Basic Rent within one Business Day after the same shall become due, if any portion of such installment was then required to be paid to the Mortgagee, which failure shall constitute knowledge of a Default) unless notified in writing by Lessee, the Owner Trustee, the Owner Participant or one or more Note Holders.

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