Performance Assurance Amount. Commencing with the Commercial Operation Date and for every Term Year during the Term, Seller shall post and maintain Performance Assurance in a dollar amount as shown on the chart below, but not less than One Million dollars ($1,000,000) for any Term Year. For purposes of the chart below, the first Term Year covers the period from the Commercial Operation Date to and including the end of the first Term Year. Term Year Performance Assurance Amount 1 1,902,000 2 1,902,000 3 3,170,000 4 3,170,000 5 3,170,000 6 3,804,000 7 3,804,000 8 3,804,000 9 3,804,000 10 3,804,000 11 3,804,000 12 3,804,000 13 3,804,000 14 3,804,000 15 3,804,000 16 3,170,000 17 3,170,000 18 1,902,000 19 1,902,000 20 1,902,000 Curtailed Return Term 1,902,000
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Samples: Renewable Power Purchase and Sale Agreement, Renewable Power Purchase and Sale Agreement, Renewable Power Purchase and Sale Agreement
Performance Assurance Amount. Commencing with the Commercial Operation Date and for every Term Year during the Term, Seller shall post and maintain Performance Assurance in a dollar amount as shown on the chart below, but not less than One Million dollars ($1,000,000) for any Term Year. For purposes of the chart below, the first Term Year covers the period from the Commercial Operation Date to and including the end of the first Term Year. Term Year Performance Assurance Amount 1 1,902,000 2,874,000 2 1,902,000 2,874,000 3 3,170,000 4,789,000 4 3,170,000 4,789,000 5 3,170,000 4,789,000 6 3,804,000 5,747,000 7 3,804,000 5,747,000 8 3,804,000 5,747,000 9 3,804,000 5,747,000 10 3,804,000 5,747,000 11 3,804,000 5,747,000 12 3,804,000 5,747,000 13 3,804,000 5,747,000 14 3,804,000 5,747,000 15 3,804,000 5,747,000 16 3,170,000 4,789,000 17 3,170,000 4,789,000 18 1,902,000 2,874,000 19 1,902,000 2,874,000 20 1,902,000 2,874,000 Curtailed Return Term 1,902,0002,874,000
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Performance Assurance Amount. Commencing with the Commercial Operation Date and for every Term Year during the Term, Seller shall post and maintain Performance Assurance in a dollar amount as shown on the chart below, but not less than One Million dollars ($1,000,000) for any Term Year. For purposes of the chart below, the first Term Year covers the period from the Commercial Operation Date to and including the end of the first Term Year. Term Year Performance Assurance Amount ($) 1 1,902,000 2,328,000 2 1,902,000 2,328,000 3 3,170,000 3,880,000 4 3,170,000 3,880,000 5 3,170,000 3,880,000 6 3,804,000 4,656,000 7 3,804,000 4,656,000 8 3,804,000 4,656,000 9 3,804,000 4,656,000 10 3,804,000 4,656,000 11 3,804,000 4,656,000 12 3,804,000 4,656,000 13 3,804,000 4,656,000 14 3,804,000 4,656,000 15 3,804,000 4,656,000 16 3,170,000 3,880,000 17 3,170,000 3,880,000 18 1,902,000 2,328,000 19 1,902,000 2,328,000 20 1,902,000 2,328,000 Curtailed Return Term 1,902,0002,328,000
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Performance Assurance Amount. Commencing with the Commercial Operation Date and for every Term Year during the Term, Seller shall post and maintain Performance Assurance in a dollar amount as shown on the chart below, but not less than One Million dollars ($1,000,000) for any Term Year. For purposes of the chart below, the first Term Year covers the period from the Commercial Operation Date to and including the end of the first Term Year. Term Year Performance Assurance Amount 20 Year Term 1 1,902,000 1,892,000 2 1,902,000 1,892,000 3 3,170,000 3,153,000 4 3,170,000 3,153,000 5 3,170,000 3,153,000 6 3,804,000 3,783,000 7 3,804,000 3,783,000 8 3,804,000 3,783,000 9 3,804,000 3,783,000 10 3,804,000 3,783,000 11 3,804,000 3,783,000 12 3,804,000 3,783,000 13 3,804,000 3,783,000 14 3,804,000 3,783,000 15 3,804,000 3,783,000 16 3,170,000 3,153,000 17 3,170,000 3,153,000 18 1,902,000 1,892,000 19 1,902,000 1,892,000 20 1,902,000 1,892,000 Curtailed Return Term 1,902,0001,892,000
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Performance Assurance Amount. Commencing with the Commercial Operation Date and for every Term Year during the Term, Seller shall post and maintain Performance Assurance in a dollar amount as shown on the chart below, but not less than One Million dollars ($1,000,000) for any Term Year. For purposes of the chart below, the first Term Year covers the period from the Commercial Operation Date to and including the end of the first Term Year. Term Year Performance Assurance Amount 20 Year Term 1 1,902,000 2,633,000 2 1,902,000 2,633,000 3 3,170,000 4,388,000 4 3,170,000 4,388,000 5 3,170,000 4,388,000 6 3,804,000 5,265,000 7 3,804,000 5,265,000 8 3,804,000 5,265,000 9 3,804,000 5,265,000 10 3,804,000 5,265,000 11 3,804,000 5,265,000 12 3,804,000 5,265,000 13 3,804,000 5,265,000 14 3,804,000 5,265,000 15 3,804,000 5,265,000 16 3,170,000 4,388,000 17 3,170,000 4,388,000 18 1,902,000 2,633,000 19 1,902,000 2,633,000 20 1,902,000 2,633,000 Curtailed Return Term 1,902,0002,633,000
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Performance Assurance Amount. β Commencing with the Commercial Operation Date and for every Term Year during the Term, Seller shall post and maintain Performance Assurance in a dollar amount as shown on the chart below, but not less than One Million dollars ($1,000,000) for any Term Year. For purposes of the chart below, the first Term Year covers the period from the Commercial Operation Date to and including the end of the first Term Year. Term Year Performance Assurance Amount 20 Year Term 1 1,902,000 3,153,000 2 1,902,000 3,153,000 3 3,170,000 5,255,000 4 3,170,000 5,255,000 5 3,170,000 5,255,000 6 3,804,000 6,306,000 7 3,804,000 6,306,000 8 3,804,000 6,306,000 9 3,804,000 6,306,000 10 3,804,000 6,306,000 11 3,804,000 6,306,000 12 3,804,000 6,306,000 13 3,804,000 6,306,000 14 3,804,000 6,306,000 15 3,804,000 6,306,000 16 3,170,000 5,255,000 17 3,170,000 5,255,000 18 1,902,000 3,153,000 19 1,902,000 3,153,000 20 1,902,000 3,153,000 Curtailed Return Term 1,902,0003,153,000
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Performance Assurance Amount. Commencing with the Commercial Operation Date and for every Term Year during the Term, Seller shall post and maintain Performance Assurance in a dollar amount as shown on the chart below, but not less than One Million dollars ($1,000,000) for any Term Year. For purposes of the chart below, the first Term Year covers the period from the Commercial Operation Date to and including the end of the first Term Year. Term Year Performance Assurance Amount ($) 1 1,902,000 2,815,000 2 1,902,000 2,815,000 3 3,170,000 4,692,000 4 3,170,000 4,692,000 5 3,170,000 4,692,000 6 3,804,000 5,630,000 7 3,804,000 5,630,000 8 3,804,000 5,630,000 9 3,804,000 5,630,000 10 3,804,000 5,630,000 11 3,804,000 5,630,000 12 3,804,000 5,630,000 13 3,804,000 5,630,000 14 3,804,000 5,630,000 15 3,804,000 5,630,000 16 3,170,000 4,692,000 17 3,170,000 4,692,000 18 1,902,000 2,815,000 19 1,902,000 2,815,000 20 1,902,000 2,815,000 Curtailed Return Term 1,902,0002,815,000
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