Common use of Reserve Funds Clause in Contracts

Reserve Funds. Those reserve accounts deemed appropriate to afford a reliable source of funds for the payment obligations of the Project and, taking into account the variability of costs associated with the Project for the purpose of providing a reliable payment mechanism to address the ongoing costs associated with the Project.

Appears in 5 contracts

Samples: Sales Agreement, Power Sales Agreement, Sales Agreement

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Reserve Funds. Those reserve accounts deemed appropriate to afford a reliable source of funds for the payment obligations of the Project and, taking into account the variability of costs associated with the Project Project, for the purpose of providing a reliable payment mechanism to address the ongoing costs associated with the Project.

Appears in 2 contracts

Samples: Power Sales Agreement, Power Sales Agreement

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