Partial Return of the Development Security. If the Commercial Operation Date occurs on or before the Commercial Operation Deadline, but Seller is only able to demonstrate a portion of the Contract Capacity in accordance with the procedure set forth in Exhibit L (the “Demonstrated Contract Capacity”) by the Firm Operation Date, then Seller will be entitled to a return of only a portion of the Development Security equal to the product of [Ninety dollars ($90) for Baseload] [Sixty dollars ($60) for Intermittent] per kilowatt times the kilowatts of Demonstrated Contract Capacity.
Appears in 3 contracts
Samples: Renewable Power Purchase and Sale Agreement, Renewable Power Purchase and Sale Agreement, Renewable Power Purchase and Sale Agreement
Partial Return of the Development Security. If the Commercial Operation Date occurs on or before the Commercial Operation Deadline, but Seller is only able to demonstrate a portion of the Contract Capacity in accordance with the procedure set forth in Exhibit L EXHIBIT K (the “Demonstrated Contract Capacity”) by the Firm Operation Date, then Seller will be entitled to a return of only a portion of the Development Security equal to the product of [Ninety dollars Fifty Thousand Dollars ($9050,000) for Baseload] [Sixty dollars ($60) for Intermittent] per kilowatt megawatt times the kilowatts megawatts of Demonstrated Contract CapacityCapacity (pro-rated to the nearest kilowatt).
Appears in 3 contracts
Samples: Renewable Power Purchase and Sale Agreement, Renewable Power Purchase and Sale Agreement, Renewable Power Purchase and Sale Agreement
Partial Return of the Development Security. If the Commercial Operation Date occurs on or before the Commercial Operation Deadline, but Seller is only able to demonstrate a portion of the Contract Capacity in accordance with the procedure set forth in Exhibit L EXHIBIT K (the “Demonstrated Contract Capacity”) by the Firm Operation Date, then Seller will be entitled to a return of only a portion of the Development Security equal to the product of [Ninety dollars Fifty Thousand Dollars ($9050,000) for Baseload] [Sixty dollars ($60) for Intermittent] per kilowatt megawatt times the kilowatts megawatts of Demonstrated Contract CapacityCapacity (pro‐ rated to the nearest kilowatt).
Appears in 1 contract
Partial Return of the Development Security. If the Commercial Operation Date occurs on or before the Commercial Operation Deadline, but Seller is only able to demonstrate a portion of the Contract Capacity Table of Contents in accordance with the procedure set forth in Exhibit L EXHIBIT K (the “Demonstrated Contract Capacity”) by the Firm Operation Date, then Seller will be entitled to a return of only a portion of the Development Security equal to the product of [Ninety dollars Fifty Thousand Dollars ($9050,000) for Baseload] [Sixty dollars ($60) for Intermittent] per kilowatt megawatt times the kilowatts megawatts of Demonstrated Contract CapacityCapacity (pro-rated to the nearest kilowatt).
Appears in 1 contract
Samples: Renewable Power Purchase and Sale Agreement (Montauk Renewables, Inc.)
Partial Return of the Development Security. If the Commercial Operation Date occurs on or before the Commercial Operation Deadline, but Seller is only able to demonstrate a portion of the Contract Capacity in accordance with the procedure set forth in Exhibit L EXHIBIT K (the “Demonstrated Contract Capacity”) by the Firm Operation Date, then Seller will be entitled to a return of only a portion of the Development Security equal to the product of [Ninety dollars Fifty Thousand Dollars ($9050,000) for Baseload] [Sixty dollars ($60) for Intermittent] per kilowatt megawatt times the kilowatts megawatts of Demonstrated Contract CapacityCapacity (pro- rated to the nearest kilowatt).
Appears in 1 contract
Partial Return of the Development Security. If the Commercial Operation Date occurs on or before the Commercial Operation Deadline, but Seller is only able to demonstrate a portion of the Contract Capacity in accordance with the procedure set forth in Exhibit L EXHIBIT K (the “Demonstrated Contract Capacity”) by the Firm Operation Date, then Seller will be entitled to a return of only a portion of the Development Security equal to the product of [Ninety dollars Fifty Thousand Dollars ($9050,000) for Baseload] [Sixty dollars ($60) for Intermittent] per kilowatt megawatt times the kilowatts megawatts of Demonstrated Contract Capacity.Capacity (pro- rated to the nearest kilowatt).
Appears in 1 contract
