Performance Security Deposit (PSD. (a) The PSD has been delivered to BPDB and is required to be maintained in effect until the Commercial Operation Date (COD). If at any time prior to COD the PSD will expire within 30 (thirty) Days and the Company does not extend the period of effectiveness of the PSD for a period of not less than 3 (three) Months, BPDB shall be entitled immediately to encash the PSD in full. (b) The PSD, among other things secures the Company’s obligation to achieve Financial Closing in accordance with the terms of this Agreement. 14.1 Compensation Upon Termination
Appears in 8 contracts
Samples: Implementation Agreement, Implementation Agreement, Implementation Agreement
Performance Security Deposit (PSD. (a) The PSD has been delivered to BPDB and is required to be maintained in effect until the Commercial Operation Date (COD). If at any time prior to COD the PSD will expire within 30 thirty (thirty30) Days and the Company does not extend the period of effectiveness of the PSD for a period of not less than 3 three (three3) Months, BPDB shall be entitled immediately to encash the PSD in full.
(b) The PSD, among other things secures the Company’s obligation to achieve Financial Closing in accordance with the terms of this Agreement.
14.1 Compensation Upon Termination
Appears in 5 contracts
Samples: Implementation Agreement, Implementation Agreement, Implementation Agreement
Performance Security Deposit (PSD. (a) The PSD has been delivered to BPDB and is required to be maintained in effect until the Commercial Operation Date (COD). If at any time prior to COD the PSD will expire within 30 (thirty) Days and the Company does not extend the period of effectiveness of the PSD for a period of not less than 3 (three) Months, BPDB shall be entitled immediately to encash the PSD in full.
(b) The PSD, among other things secures the Company’s obligation to achieve Financial Closing in accordance with the terms of this Agreement.
14.1 Compensation Upon Termination
Appears in 5 contracts
Samples: Implementation Agreement, Implementation Agreement, Implementation Agreement
Performance Security Deposit (PSD. (a) The PSD has been delivered to BPDB and is required to be maintained in effect until the Commercial Operation Date (COD). If at any time prior to COD the PSD will expire within 30 thirty (thirty30) Days and the Company does not extend the period of effectiveness of the PSD for a period of not less than 3 three (three3) Months, BPDB shall be entitled immediately to encash the PSD in full.
(b) The PSD, among other things secures the Company’s Company‟s obligation to achieve Financial Closing in accordance with the terms of this Agreement.
14.1 Compensation Upon Termination
Appears in 2 contracts
