Common use of Replenishment Clause in Contracts

Replenishment. Within 15 Days following each draw by Company on the Security Fund in respect of damages described in Section 12.4(B), Seller shall replenish the Security Fund by an amount equal to such draw Within 15 Days following any other draw by Company on the Security Fund, Seller shall replenish the Security Fund by the amount of such draw, provided that the aggregate amount of replenishments under this Section 11.2(B) shall not exceed the Damage Cap.

Appears in 1 contract

Samples: Power Purchase Agreement

AutoNDA by SimpleDocs

Replenishment. Within 15 Seller shall replenish the Security Fund to the applicable levels set forth in Section 11.1(B) within five (5) Business Days following each after Company makes a draw by on the Security Fund. Notwithstanding the foregoing, within five (5) Business Days after Company makes a draw on the Security Fund in respect of associated with the damages described in Section 12.4(B), Seller shall replenish the Security Fund by an amount equal to such draw Within 15 Days following any other draw by Company on all amounts drawn from the Security Fund, Seller shall replenish the Security Fund by the amount of such draw, provided that the aggregate amount of replenishments under this Section 11.2(B) shall not exceed the Damage Cap.

Appears in 1 contract

Samples: Power Purchase Agreement

Replenishment. Within 15 Seller shall replenish the Security Fund to the applicable levels set forth in Section 11.1(B) within fifteen (15) Business Days after Company makes a draw on the Security Fund; provided, following each COD such replenishment shall not exceed the amount remaining under the Damage Cap (as provided in Section 12.4(A)). Notwithstanding the foregoing, within fifteen (15) Business Days after Company makes a draw by Company on the Security Fund in respect of associated with the damages described in Section 12.4(B), Seller shall replenish the Security Fund by an amount equal to such draw Within 15 Days following any other draw by Company on all amounts drawn from the Security Fund, Seller shall replenish the Security Fund by the amount of such draw, provided that the aggregate amount of replenishments under this Section 11.2(B) shall not exceed the Damage Cap.

Appears in 1 contract

Samples: Purchase Agreement

Replenishment. Within 15 Days following each draw by Company on the Security Fund in respect of damages described in Section 12.4(B), Seller shall replenish the Security Fund by an amount equal to such draw draw. Within 15 Days following any other draw by Company on the Security Fund, Seller shall replenish the Security Fund by the amount of such draw, provided that the aggregate amount of replenishments under this Section 11.2(B) shall not exceed the Damage Cap.

Appears in 1 contract

Samples: Solar Energy Purchase Agreement

AutoNDA by SimpleDocs

Replenishment. Within Seller shall replenish the Security Fund to the applicable levels set forth in Section 11.1(B) within 15 Business Days after Company makes a draw on the Security Fund; provided, following each COD such replenishment shall not exceed the amount remaining under the Damage Cap (as provided in Section 12.4(A)). Notwithstanding the foregoing, within 15 Business Days after company makes a draw by Company on the Security Fund in respect of associated with the damages described in Section 12.4(B), Seller shall replenish the Security Fund by an amount equal to such draw Within 15 Days following any other draw by Company on all amounts drawn from the Security Fund, Seller shall replenish the Security Fund by the amount of such draw, provided that the aggregate amount of replenishments under this Section 11.2(B) shall not exceed the Damage Cap.

Appears in 1 contract

Samples: Purchase Agreement

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!