Common use of Return of Initial Security Clause in Contracts

Return of Initial Security. SFV must return the Initial Security, or any amount SFV is holding on trust pursuant to clause 4.3(b) (“Recourse to Initial Security”), to LTES Operator within 10 Business Days after the earlier of: (a) the Commercial Operations Date; and (b) the date on which LTES Operator has paid the full amount of the Termination Amount to SFV.

Appears in 8 contracts

Samples: Project Development Agreement, Project Development Agreement, Project Development Agreement

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Return of Initial Security. SFV must return the Initial Security, or any amount SFV is holding on trust pursuant to clause 4.3(b) (“Recourse to Initial Security”), to LTES Operator within 10 Business Days after the earlier of: (a) the Commercial Operations Date; and (b) the date on which LTES Operator has paid the full amount of the Termination Amount to SFV.

Appears in 2 contracts

Samples: Project Development Agreement, Project Development Agreement

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Return of Initial Security. SFV must return the Initial Security, or any amount SFV is holding on trust pursuant to clause 4.3(b) (“Recourse to Initial Security”), to LTES Operator within 10 Business Days after the earlier of: (a) the Commercial Operations Date; and (b) the date on which LTES Operator has paid the full amount of the Termination Amount to SFV.. DRAFT

Appears in 1 contract

Samples: Project Development Agreement

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