Return of Development Security Sample Clauses

Return of Development Security. If no Event of Default with respect to Seller has occurred and is continuing, and no Early Termination Date has occurred or been designated as the result of an Event of Default with respect to Seller, then:
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Return of Development Security. If no Event of Default with respect to Owner has occurred and is continuing, and no Early Termination Date has occurred or been designated as the result of an Event of Default with respect to Owner, then: As soon as reasonably practicable after the Commercial Operation Date, CHGE shall return to Owner the unused portion of the Development Security including any interest accrued thereon pursuant to Section 7.3(a). As soon as reasonably practicable after the termination of this Agreement by either Party, CHGE shall return to Owner the unused portion of the Development Security, if any. Owner may, with XXXX’s consent, authorize CHGE to retain cash or Letter(s) of Credit initially posted as Development Security as Performance Assurance posted under Section 7.2.
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Return of Development Security. If no Event of Default with respect to Seller has occurred and is continuing, and no Early Termination Date has occurred or been designated as the result of an Event of Default with respect to Seller, then: As soon as reasonably practicable after the Initial Delivery Date, SCE shall return to Seller the Development Security including any interest accrued thereon pursuant to Section 7.03(a), less, if applicable, any amount of Development Security retained pursuant to this Agreement. As soon as reasonably practicable after the termination of this Agreement by either Party pursuant to Sections 2.07, 8.03(a), or 10.05, SCE shall return to Seller the full Development Security; provided, a termination under Article 8 only entitles Seller to a return of the Development Security if the termination is based on a Force Majeure that prevents the Initial Delivery Date from occurring on or before the Guaranteed Delivery Deadline. Seller may, with SCE’s consent, authorize SCE to retain cash or Letter(s) of Credit initially posted as Development Security as Performance Assurance posted under Section 7.02.
Sample 1Sample 2
Return of Development Security. If no Event of Default with respect to Seller has occurred and is continuing, and no Early Termination Date has occurred or been designated as the result of an Event of Default with respect to Seller, then: As soon as reasonably practicable after the Initial Delivery Date, SCE shall return to Seller the full Development Security including any interest accrued thereon pursuant to Section 7.03(a). As soon as reasonably practicable after the termination of this Agreement by either Party pursuant to Sections 2.07, 5.01(b) or 8.03(a), SCE shall return to Seller the full Development Security; provided, a termination under Article 8 only entitles Seller to a return of the Development Security if the termination is based on a Force Majeure that prevents the Initial Delivery Date from occurring on or before the Initial Delivery Deadline. Seller may, with SCE’s consent, authorize SCE to retain cash or Letter(s) of Credit initially posted as Development Security as Performance Assurance posted under Section 7.02.
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Return of Development Security. If (i) upon the Commercial Operation Date, no damages or other amounts are due and owing to Buyer under this Agreement and Seller does not elect to apply the Development Security to the Performance Security, or (ii) this Agreement terminates prior to the occurrence of the Commercial Operation Date while the Development Security is outstanding, then Buyer shall return to Seller the remaining amount of the Development Security (or any portions thereof if damages or other amounts are due and owing to Buyer under this Agreement) within ten (10) Business Days after Seller’s provision of the Performance Security or the effective date of such early termination, as applicable.
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Return of Development Security. Not more than thirty (30) days following the date of Commercial Operation, ASPA shall return to Seller any remaining portion of the Development Security still held by ASPA and to which ASPA has no claim pursuant to the terms of this Agreement. If the Development Security was posted as a Letter of Credit, ASPA shall return the Letter of Credit to Seller and Seller shall be entitled to immediately cancel such Letter of Credit. If the Development Security was posted in cash, ASPA shall return to Seller the balance of the Development Security, together with daily interest at the Federal Funds Effective Rate, from and including the date that the Development Security was posted until, but not including, the date on which the Development Security is returned by ASPA.
Sample 1
Return of Development Security. If no Event of Default with respect to Owner has occurred and is continuing, and no Early Termination Date has occurred or been designated as the result of an Event of Default with respect to Owner, then: As soon as reasonably practicable after the Commercial Operation Date, RG&E shall return to Owner the unused portion of the Development Security including any interest accrued thereon pursuant to Section 7.3(a). As soon as reasonably practicable after the termination of this Agreement by either Party, RG&E shall return to Owner the unused portion of the Development Security, if any. Owner may, with RG&E’s consent, authorize RG&E to retain cash or Letter(s) of Credit initially posted as Development Security as Performance Assurance posted under Section 7.2.
Sample 1
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Return of Development Security. If no Event of Default with respect to Owner has occurred and is continuing, and no Early Termination Date has occurred or been designated as the result of an Event of Default with respect to Owner, then: As soon as reasonably practicable after the Commercial Operation Date, NYSEG shall return to Owner the unused portion of the Development Security including any interest accrued thereon pursuant to Section 7.3(a). As soon as reasonably practicable after the termination of this Agreement by either Party, NYSEG shall return to Owner the unused portion of the Development Security, if any. Owner may, with NYSEG’s consent, authorize NYSEG to retain cash or Letter(s) of Credit initially posted as Development Security as Performance Assurance posted under Section 7.2.
Sample 1

Related to Return of Development Security

  • Employment Security 28.1 The parties to this agreement agree to maximise the continuity of employment for existing and future employees and to ensure that permanent employment opportunities and the opportunity for promotion transfer and re-training or upskilling are not eliminated, reduced or eroded.

  • Payment Security Mechanism (A) Letter of Credit (LC):

  • EVENTS OUTSIDE OUR CONTROL 7.1 We will not be liable or responsible for any failure to perform, or delay in performance of, any of Our obligations under these Terms that is caused by an Event Outside Our Control.

  • Additional Information for Product Development Projects Outcome of product development efforts, such copyrights and license agreements. • Units sold or projected to be sold in California and outside of California. • Total annual sales or projected annual sales (in dollars) of products developed under the Agreement. • Investment dollars/follow-on private funding as a result of Energy Commission funding. • Patent numbers and applications, along with dates and brief descriptions.  Additional Information for Product Demonstrations: • Outcome of demonstrations and status of technology. • Number of similar installations. • Jobs created/retained as a result of the Agreement.

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