Initial Contract Security Sample Clauses

Initial Contract Security. No more than five (5) Business Days after the Effective Date, unless otherwise agreed to by NYSERDA, Seller must provide Contract Security, in the form of cash, certified funds, a Letter of Credit conforming to the requirements of Section 15.03, or an Acceptable Guaranty conforming to the requirements of Section 15.05, in an amount equal to the product of the Offer Capacity (in MW) and five thousand dollars ($5,000). Seller may provide the Contract Security through any combination of the forms set forth in the preceding sentence.
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Initial Contract Security. On or before the Effective Date, unless otherwise agreed to by NYSERDA, Seller must provide Contract Security, in the form of cash, certified funds or a Letter of Credit conforming to the requirements of Section 15.03, in an amount equal to the product of the Offer Capacity (in MW) and five thousand dollars ($5,000).
Sample 1Sample 2Sample 3
Initial Contract Security. No more than five (5) Business Days after the Effective Date, unless otherwise agreed to by NYSERDA, Seller must provide Contract Security, in the form of cash, certified funds, a Letter of Credit conforming to the requirements of Section 15.03, or an Acceptable Guaranty conforming to the requirements of Section 15.05, in an amount equal to the product of the Offer Capacity (in MW) and forty thousand dollars ($40,000) [plus an additional [AMOUNT] representing the amount of contract security required pursuant to the terminated Offshore Wind Renewable Energy Certificate Purchase and Sale Agreement dated [DATE] by and between the Parties]. Seller may provide the Contract Security through any combination of the forms set forth in the preceding sentence.
Sample 1Sample 2
Initial Contract Security. (a) No more than five (5) Business Days after the Effective Date, unless otherwise agreed to by NYSERDA, Seller must provide Contract Security, in the form of cash, certified funds, a Letter of Credit conforming to the requirements of Section 15.03, or an Acceptable Guaranty conforming to the requirements of Section 15.05, in an amount equal to the product of the (i) the Bid Quantity and (ii) four dollars ($4.00). Seller may provide the Contract Security through any combination of the forms set forth in the preceding sentence. (b) No later than one (1) year prior to the initial Commercial Operation Milestone Date (“Initial Commercial Operation Milestone Date”), Seller must provide additional Contract Security in an amount equal to the product of (i) Bid Quantity and (ii) six dollars ($6.00).
Sample 1
Initial Contract Security. Prior to or upon the Effective Date, unless otherwise agreed to by NYSERDA, Seller must provide Contract Security in an amount equal to the Bid Quantity multiplied by forty dollars ($40.00). Seller shall provide to NYSERDA Contract Security, in the form of cash, certified funds, or a Letter of Credit conforming to the requirements in Section 15.04.
Sample 1
Initial Contract Security. (a) No more than ten (10) Business Days after the Effective Date, unless otherwise agreed to by NYSERDA, Seller shall provide, or cause to be provided, Contract Security, in the form of cash, certified funds, a Letter of Credit conforming to the requirements of Section 15.04, or an Acceptable Guaranty conforming to the requirements of Section 15.06, in an amount equal to the product of (i) the Bid Quantity and (ii) four dollars ($4.00). Seller may provide the Contract Security through any combination of the forms set forth in the preceding sentence. (b) No later than one (1) year prior to the initial Commercial Operation Milestone Date (“Initial Commercial Operation Milestone Date”), Seller shall provide, or cause to be provided, additional Contract Security, in the form of cash, certified funds, a Letter of Credit conforming to the requirements of Section 15.04, or an Acceptable Guaranty conforming to the requirements of Section 15.06, in an amount equal to the product of (i) the Bid Quantity and (ii) six dollars ($6.00).
Sample 1

Related to Initial Contract Security

  • Initial Contract Term The Initial Contract Term shall be for two years. The Initial Contract Term shall begin on October 1, 2021, or on the last date the Contract is signed by all Parties, whichever is later. The Contract shall expire on October 1, 2023, unless terminated earlier in accordance with the Special Contract Conditions or Additional Special Contract Conditions.

  • Initial Contribution The member agrees to make an initial contribution to the Company of $____________.

  • ADDITIONAL SPECIAL CONTRACT CONDITIONS Special Contract Conditions revisions: the corresponding subsections of the Special Contract Conditions referenced below are replaced in their entirety with the following:

  • Repayment Schedule Repayments shall be made semiannually (twice per year). The Semiannual Loan Payment shall be computed based upon the principal amount of the Loan plus the estimated Loan Service Fee and the principle of level debt service. The Semiannual Loan Payment amount may be adjusted, by amendment of this Agreement, based upon revised information. After the final disbursement of Loan proceeds, the Semiannual Loan Payment shall be based upon the actual Project costs, the actual Loan Service Fee and the Loan Service Fee capitalized interest, if any, and actual dates and amounts of disbursements, taking into consideration any previous payments. Actual Project costs shall be established after the Department's inspection of the completed Project and associated records. The Department will deduct the Loan Service Fee and any associated interest from the first available repayments following the Final Amendment. Each Semiannual Loan Payment shall be in the amount of $140,599 until the payment amount is adjusted by amendment. The interest portion of each Semiannual Loan Payment shall be computed on the unpaid balance of the principal amount of the Loan, including Capitalized Interest. Interest also shall be computed on the unpaid balance of the Loan Service Fee. Interest shall be computed as of the due date of each Semiannual Loan Payment. Semiannual Loan Payments shall be received by the Department beginning on October 15, 2021 and semiannually thereafter on April 15 and October 15 of each year until all amounts due hereunder have been fully paid. Funds transfer shall be made by electronic means. The Semiannual Loan Payment amount is based on the total amount to be repaid of $5,105,900, which consists of the Loan principal and the estimated Loan Service Fee.

  • Initial Capital Contribution The initial Capital Contribution of the Original Member as of the date of this Agreement will be $ .

  • Initial Consideration On the Effective Date, Retrocessionaire shall reimburse Retrocedant for one hundred percent (100%) of any and all unearned premiums paid by Retrocedant under such Inuring Retrocessions net of any applicable unearned ceding commissions paid to Retrocedant thereunder.

  • Annual Certificate The Custodian shall have received the initial or annual certificate, as the case may be, required by Article 13 hereof; 6)

  • Additional Consideration Retrocessionaire agrees to pay under the Inuring Retrocessions all future premiums Retrocedant is obligated to pay pursuant to the terms of the Inuring Retrocessions to the extent that such premiums are allocable to Retrocessionaire in the manner set forth in Exhibit E hereto, and not otherwise paid by Retrocessionaire and to indemnify Retrocedant for all such premiums paid directly by Retrocedant, net of any ceding commissions and similar amounts paid by Third Party Retrocessionaires to Retrocedant.

  • Salary Schedule Placement College Training A. Unit members qualifying for the “Entry Level Salary” shall remain at this level until they met the minimum requirements for placement on any other salary column (1-4). Upon verification of documentation qualifying unit members for placement upon any other salary column (1-4), the unit member shall then be placed upon the appropriate step on that salary column in accordance with his/her length of service. B. School Nurses who have a Bachelor’s degree, qualify for crediting of previous experience, but have not completed 30 semester units after the Bachelor’s degree or the appropriate clear credential, shall be exempt from placement at “Entry Level Salary”; shall instead, be placed on Column 1; and shall advance on the salary schedule in accordance with the Agreement for unit members. C. Unit members placed on “COLUMN 1” of the Salary Schedules by the agreement (Appendix C1) between the Association and the District shall advance on the schedule in accordance with that agreement (Appendix C1). D. All college or university credits which will qualify a unit member for a new salary placement must be verified by official college or university transcripts in order to justify a contract revision. Such college or university credits must be obtained from an institution of higher learning which is accredited by the Western Association of Schools and Colleges or other recognized accreditation organization. Salary revision shall be effective following District approval (as stipulated by this Article) of the necessary credits for column advancement. E. The unit requirement for each salary column is stated in semester hours of credit; quarter hour credits can be converted into semester hours by multiplying 2/3. F. For salary schedule purposes, only semester units earned after the completion of the Bachelor’s Degree shall be considered. G. Credit will not be granted for any course for which less than a "C" grade is earned. H. Unit members shall not enroll in courses which conflict with the work day. I. A major teaching field is considered to be 36 semester hours (12 of which must be upper division or graduate), a minor teaching field is considered to be 20 semester hours (8 of which must be upper division or graduate). J. Repeat credit may be granted for a course taken at an accredited institution in which the content field has recently undergone substantial change or, in the case of a course originally taken many years ago, an updating of study is desirable. K. Course work, for salary credit must be upper division, graduate level, or transferable* lower division courses, taken at an accredited college or university, and must conform to one or more of the following guidelines: 1. Units may be taken in a subject directly related to the teaching/work assignment. 2. Units may be taken in a subject directly related to a person’s major or minor. For unit members in a self-contained classroom program; a subject commonly taught in the elementary school. For unit members in a departmentalized classroom program; courses in an additional major or minor. 3. Units may be taken in a subject directly related to an advanced degree in professional education or in a subject related to the teaching/work assignment. 4. Units may be taken in a subject directly related to a credential or certificate authorized by the California Commission on Teacher Credentialing. 5. Units may be taken in a Board authorized, District sponsored, professional activity. Credit equivalent will be adopted at the time of such Board action. *A transferable lower division course is a lower division course taken at an accredited college or university that is acceptable for baccalaureate graduation credit at another accredited college or university. L. The submission of transcripts for columnar advancement of the salary schedule is limited to two (2) submission dates per school year. Additional units may be banked for future salary schedule advancement. M. Transcripts for completed units must be submitted to the Human Resources Division no later than the first of September or February for salary adjustment. Adjustment for qualifying units submitted no later than the first of September will be retroactively made effective on the first work day of the school year. Adjustment for qualifying units submitted no later than the first of February will be retroactively made effective on the first work day of the calendar year.

  • Additional Capital Contributions and Issuances of Additional Partnership Interests Except as provided in this Section 4.2 or in Section 4.3, the Partners shall have no right or obligation to make any additional Capital Contributions or loans to the Partnership. The General Partner may contribute additional capital to the Partnership, from time to time, and receive additional Partnership Interests in respect thereof, in the manner contemplated in this Section 4.2.

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