Common use of Delivery Term Security Clause in Contracts

Delivery Term Security. (A) CS-GT Projects with Contract Capacity less than or equal to three (3) MW: Delivery Term Security pursuant to this Section 8.4(a)(ii)(A) in the amount of $20/kW multiplied by the Contract Capacity of the Project as reflected in the Cover Sheet from the Commercial Operation Date, until the end of the Term, provided that, with Buyer’s consent, Seller may elect to apply the Project Development Security posted pursuant to Section 8.4(a)(i)(A) toward the Delivery Term Security posted pursuant to this Section 8.4(a)(ii)(A).

Appears in 3 contracts

Samples: Power Purchase Agreement, Power Purchase Agreement, Power Purchase Agreement

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Delivery Term Security. (A) DAC-GT or CS-GT Projects with Contract Capacity less than or equal to three (3) MW: Delivery Term Security pursuant to this Section 8.4(a)(ii)(A) in the amount of $20/kW multiplied by the Contract Capacity of the Project as reflected in the Cover Sheet from the Commercial Operation Date, until the end of the Term, provided that, with Buyer’s consent, Seller may elect to apply the Project Development Security posted pursuant to Section 8.4(a)(i)(A) toward the Delivery Term Security posted pursuant to this Section 8.4(a)(ii)(A).

Appears in 1 contract

Samples: Power Purchase Agreement

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