Common use of Project Development Security Clause in Contracts

Project Development Security. Seller shall deliver and maintain the Performance Assurance in the form of Project Development Security (which shall be cash or Letter of Credit), as follows: (A) Seller shall post the Project Development Security in the amount of _________________ dollars ($_______) [insert dollar amount equal to $80/kW multiplied by the maximum Payment Quantity] within five (5) Business Days following the Execution Date; and

Project Development Security. Seller shall deliver and maintain the Performance Assurance in the form of Project Development Security (which shall be cash or Letter of Credit), as follows: (A) Seller shall post the Project Development Security in the amount of _________________ dollars ($_______) [insert dollar amount equal to $8040/kW multiplied by the maximum Payment Quantity] within five (5) Business Days following the Execution Date; and (B) Seller shall maintain the Project Development Security until such time as the Performance Assurance shall be increased in accordance with Section Article Ten(ii).

Project Development Security. Seller shall deliver and maintain the Performance Assurance The Project Development Security will be in the form of Project Development Security (which shall be [specify cash or Letter of Credit), ]; Seller shall post the Project Development Security as follows: (A) Seller shall post the Project Development Security in the amount of _________________ dollars ($_______$ .00) [insert dollar amount equal to $8015.00/kW multiplied by the maximum Payment QuantityDesign Dmax (in kW)] within five (5) Business Days following the Execution Date; and (B) Seller shall post additional Project Development Security in the amount of dollars ($ .00) [insert dollar amount equal to $45.00/kW multiplied by the