Delivery Period Security Sample Clauses

Delivery Period Security. (a) Seller shall be required to establish collateral in favor of Buyer by providing Buyer with cash, a Letter of Credit from a Qualified Issuer or a performance and payment bond substantially in the form of Exhibit I from a Qualified Issuer, or any combination thereof, provided that, unless otherwise agreed to by Buyer in writing, in no event may the amount of security posted by Seller in the form of a payment bond exceed forty percent (40%) of Seller’s Delivery Period Security requirement, to secure Seller’s performance of its obligations under this Agreement during the Delivery Period (the “Delivery Period Security”). (b) The Delivery Period Security pursuant to this Section 10.2 shall be provided on or prior to COD and shall be maintained in full force and effect by Seller until the return date specified in Section 10.4 below. The amount of the Delivery Period Security shall be maintained at One Million Three Hundred Fifty Thousand Dollars ($1,350,000.00). (c) In the event, after COD, Buyer terminates this Agreement due to Seller, after COD Default as set forth in Section 12.1, as applicable, Buyer shall be entitled to draw on the Delivery Period Security to the extent required to satisfy any Settlement Amount payable by Seller to Buyer pursuant to Section 13.2. The Delivery Period Security drawn by Xxxxx shall be credited against the Settlement Amount payable by Seller and any excess Delivery Period Security shall be returned to Seller pursuant to the provisions of Section 10.4.
Sample 1

Related to Delivery Period Security

  • Delivery Period The “Delivery Period” shall commence on the Commercial Operation Date and shall continue until midnight on the date that is [number to be inserted] years after the Commercial Operation Date.

  • DELIVERY PRESSURE Xxxxxx agrees to use due care and diligence to furnish gas hereunder at such uniform pressure as Seller may elect up to, but not exceeding 20 pounds per square inch gauge, and not less than 5 pounds per square inch gauge, at the "Point of Delivery". Buyer shall be responsible for the installation and operation of adequate safety equipment downstream of the Point of Delivery so as to relieve or control pressure variations within the limits described above that may, for any reason through malfunction of Seller's equipment or otherwise, occur on Buyer's side of the "Delivery Point".

  • Delivery Term The period for which prices for All-Requirements Power Supply have been established, as set forth in Exhibit A.

  • DELIVERY: FOB DESTINATION, INSIDE DELIVERY, FREIGHT PAID Whenever possible, contractors should give the ordering entities 3 working days prior notice of any deliveries and/or installations. Furniture contractors will not be responsible for the removal/moving of existing furnishings unless requested by the ordering entity. Contractors should verify site readiness prior to delivery. All deliveries will be made during normal working hours unless otherwise arranged with the ordering entity. Contractor will communicate any scheduling delays and/or changes immediately. Agencies will not be responsible for any freight damage, concealed or otherwise.

  • Delivery Time Vendors shall specify the estimated delivery time in calendar days for each item. The purchaser should consult the vendor regarding vehicle production schedules. Delivery shall be within the normal working hours of the user, Monday through Friday, excluding holidays.

  • Delivery Times 4.1 The delivery times agreed with regard to (parts of) the Performance to be delivered by the Supplier shall be binding. If these delivery times are exceeded, the Supplier shall automatically be in default under the Agreement without notice of default being required to that effect. 4.2 For each calendar day by which the aforesaid delivery times are exceeded, the Supplier shall pay to Wavin an amount of 0.5% of the total sum agreed with a maximum of 10%, which is a genuine pre-estimate of the losses incurred by Xxxxx. 4.3 The Supplier shall always be obliged to provide Wavin in time, and in all cases within 24 hours after the Supplier became aware of this or should reasonably have foreseen this, with adequate and written notification of its impending failure to meet the delivery time. Execution of the Agreement in partial deliveries shall require Xxxxx’s prior written consent. If Wavin so requests, the Supplier shall be obliged to submit a written production or execution schedule and/or to cooperate in progress monitoring.

  • Exchange Control Notice Exchange control reporting is required for cash transactions exceeding A$10,000 and international fund transfers of any amount. The Australian bank assisting with the transaction will file the report for the Participant. If there is no Australian bank involved in the transfer, the Participant will be responsible for filing the report.

  • Exchange Control Notification Exchange control reporting is required for cash transactions exceeding A$10,000 and international fund transfers. If there is an Australian bank assisting with the transaction, the Australian bank will file the report for the Participant. If there is no Australian bank involved in the transaction, the Participant must file the report.

  • Delivery Condition Subtenant acknowledges that it takes possession of the Subleased Premises in its “as is” condition, and further acknowledges that Sublandlord has made no representations or warranties of any kind or nature, whether express or implied, with respect to the Subleased Premises, the remainder of the Premises, the common areas, or the Building, nor has Sublandlord agreed to undertake or perform any modifications, alterations, or improvements to the Subleased Premises, the remainder of the Premises, the common areas or the Building which would inure to Subtenant’s benefit.

  • Project Delivery Order Procedures Status of TIPS Members as Related to This Agreement

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