Delivery Term Security definition

Delivery Term Security means the Performance Assurance that Seller is required to maintain, as specified in Article Eight, to secure performance of its obligations during the Delivery Term.

Delivery Term Security means the Performance Assurance required of Seller, as specified and referred to in Section 10.4(a).

Delivery Term Security means the Performance Assurance that Seller is required to maintain during the period and as otherwise specified in Section 8.4(a)(iii) to secure performance of its obligations hereunder.

Examples of Delivery Term Security in a sentence

• After Seller posts the Delivery Term Security, Buyer shall transfer (as described in the preceding sentence) on or before each Interest Payment Date the Interest Amount due to Seller for such Delivery Term Security.

• The Project Development Security (or portion thereof) due to Seller shall be returned to Seller within five (5) Business Days of Buyer’s receipt and acceptance of the Delivery Term Security unless, with Buyer’s consent, Seller elects to apply the Project Development Security posted pursuant to Section 10.4(a)(i) toward the Delivery Term Security posted pursuant to Section 10.4(a)(ii).

• Buyer shall return the unused portion of Delivery Term Security, including the payment of any Interest Amount due thereon pursuant to Section 10.4(d) above, to Seller promptly after the following has occurred: (i) the Term has ended, or subject to Section 7.2, an Early Termination Date has occurred, as applicable; and (ii) all payment obligations of the Seller arising under this Agreement, including the Termination Payment, indemnification payments or other damages are paid in full.

• Upon Seller’s posting of the Delivery Term Security, all accrued interest on the unused portion of Project Development Security shall be transferred from Buyer to Seller in the form of cash by wire transfer to the bank account specified under “Wire Transfer” in the Cover Sheet (Notices List).

• The required amount of Delivery Term Security shall be proportionally and automatically adjusted in connection with any resizing of the Project under Section 3.9(d), and Buyer shall promptly return to Seller the unused portion of Delivery Term Security in connection with any such adjustment.

More Definitions of Delivery Term Security

Delivery Term Security means the Seller’s collateral requirement, as specified and referred to in Section 10.4(b).

Delivery Term Security means the Performance Assurance required of Seller, as specified and referred to in Section 10.4(a)(ii).

Delivery Term Security means the Performance Assurance that Seller is required to maintain, as specified in Article Eight, to secure performance of its obligations during the Delivery Term. [Short Term Offers from new or existing ERRs with a Delivery Term of less than one year: Seller to delete]

Delivery Term Security has the meaning set forth in Section 5.7(b).

Delivery Term Security has the meaning set forth in Section 5.7(b). “Dispute” has the meaning set forth in Section 14.3(a).

Delivery Term Security means that dollar amount specified in Section 10.4(b).

Delivery Term Security means (i) a Letter of Credit, substantially in the form of Attachment D, to be provided to the Utility or (ii) Cash held in escrow for the Utility under a Cash Escrow Agreement, substantially in the form of Attachment E to be mutually agreed between the Utility and Generator, in support of the Generator’s obligations during the Delivery Term in an amount defined in Section 2.3.3.