Project Development Security. The Project Development Security will be in the form of cash or Letter of Credit; Seller shall post the Project Development Security as follows: (A) Seller shall post Project Development Security in the amount of _________________ dollars ($_______) [insert dollar amount equal to $15/kW multiplied by the Payment Quantity] within five (5) Business Days following the Execution Date; and (B) Seller shall post additional Project Development Security in the amount of __________________dollars ($_________) [insert dollar amount equal to $45/kW multiplied by the Payment Quantity], for a total posted amount of _______________ dollars ($_________), representing sixty dollars ($60.00) per kW multiplied by the Payment Quantity, within five (5) Business Days following Buyer’s Notice to Seller that the CPUC Approval Condition Precedent has been satisfied.
Appears in 5 contracts
Samples: Energy Storage Resource Adequacy Agreement, Capacity Storage Agreement, Capacity Storage Agreement
Project Development Security. The Project Development Security will be in the form of cash or Letter of Credit; Seller shall post the Project Development Security as follows:
(A) Seller shall post Project Development Security in the amount of _________________ dollars ($_______) [insert dollar amount equal to $15/kW multiplied by the Payment Quantity] within five (5) Business Days following the Execution Date; and
(B) Seller shall post additional Project Development Security in the amount of __________________dollars ($_________) [insert dollar amount equal to $4525/kW multiplied by the Payment Quantity], for a total posted amount of _______________ dollars ($_________), representing sixty forty dollars ($60.0040.00) per kW multiplied by the Payment Quantity, within five (5) Business Days following Buyer’s Notice to Seller that the CPUC Approval Condition Precedent has been satisfied.
Appears in 5 contracts
Samples: Long Term Resource Adequacy Agreement, Long Term Resource Adequacy Agreement, Long Term Resource Adequacy Agreement
Project Development Security. The Project Development Security will be in the form of cash or Letter of Credit; Seller shall post the Project Development Security as follows:
(A) Seller shall post Project Development Security in the amount of _________________ dollars ($_______) [insert dollar amount equal to $15/kW multiplied by the Payment Quantity] within five (5) Business Days following the Execution Date; and
(B) Seller shall post additional Project Development Security in the amount of __________________dollars ($_________) [insert dollar amount equal to $45/kW multiplied by the Payment Quantity], . (for a total posted amount of _______________ dollars ($_________), representing sixty dollars ($60.00) per kW multiplied by the Payment Quantity, ) within five (5) Business Days following Buyer’s Notice to Seller that the CPUC Approval Condition Precedent has been satisfied.
Appears in 3 contracts
Samples: Capacity Storage Agreement, Capacity Storage Agreement, Capacity Storage Agreement
Project Development Security. The Project Development Security will be in the form of cash or Letter of Credit; Seller shall post the Project Development Security as follows:
(A) Seller shall post Project Development Security in the amount of _________________ dollars ($_______) [insert dollar amount equal to $15/kW multiplied by the Payment Quantity] within five (5) Business Days following the Execution Date; and
(B) Seller shall post additional Project Development Security in the amount of __________________dollars ($_________) [insert dollar amount equal to $4525/kW multiplied by the Payment Quantity], . (for a total posted amount of _______________ dollars ($_________), representing sixty forty dollars ($60.0040.00) per kW multiplied by the Payment Quantity, ) within five (5) Business Days following Buyer’s Notice to Seller that the CPUC Approval Condition Precedent has been satisfied.
Appears in 2 contracts
Samples: Resource Adequacy Agreement, Resource Adequacy Agreement
Project Development Security. The Project Development Security will be in the form of cash or Letter of Credit; Seller shall post the Project Development Security as follows:
(A) Seller shall post Project Development Security in the amount of _________________ dollars ($_______) [insert dollar amount equal to $15/kW multiplied by the Payment Quantity] within five (5) Business Days following the Execution Date; and
(B) Seller shall post additional Project Development Security in the amount of __________________dollars ($_________) [insert dollar amount equal to $4525/kW multiplied by the Payment Quantity], . (for a total posted amount of _______________ dollars ($_________), representing sixty dollars ($60.00) per kW multiplied by the Payment Quantity, ) within five (5) Business Days following Buyer’s Notice to Seller that the CPUC Approval Approvals Condition Precedent has been satisfied.
Appears in 1 contract
Samples: Resource Adequacy Agreement
Project Development Security. The Project Development Security will be in the form of cash or Letter of Credit; Seller shall post the Project Development Security as follows:
(A) Seller shall post Project Development Security in the amount of _________________ dollars ($_______) [insert dollar amount equal to $15/kW multiplied by the Payment Quantity] within five (5) Business Days following the Execution Date; and
(B) Seller shall post additional Project Development Security in the amount of __________________dollars ($_________) [insert dollar amount equal to $4525/kW multiplied by the Payment Quantity], for a total posted amount of _______________ dollars ($_________), representing sixty forty dollars ($60.0040.00) per kW multiplied by the Payment Quantity, within five (5) Business Days following Buyer’s Notice to Seller that the CPUC Approval Approvals Condition Precedent has been satisfied.
Appears in 1 contract
