Seller Credit Support. (a) Credit Support Amount. (i) Within thirty (30) days following the Effective Date, Seller shall transfer Credit Support to Buyer having an aggregate value equal to (A) $200 multiplied by (B) the Guaranteed Storage Contract Capacity, expressed in kW (the “Pre-COD Credit Support Amount”). The Pre- COD Credit Support Amount will apply with respect to Seller until the Commercial Operation Date. (ii) By no later than the Commercial Operation Date, Seller shall transfer Credit Support to Buyer in substitution of the Credit Support delivered pursuant to Section 6.1(a)(i) having an aggregate value equal to (A) $100 multiplied by (B) the Storage Contract Capacity, expressed in kW (the “Operating Period Credit Support Amount”).
Appears in 3 contracts
Samples: Storage Capacity Agreement, Storage Capacity Agreement, Storage Capacity Agreement
Seller Credit Support. (a) Credit Support Amount.
(i) Within thirty (30) days following the Effective Date, Seller shall transfer Credit Support to Buyer having an aggregate value equal to (A) $200 multiplied by (B) the Guaranteed Storage Contract Capacity, expressed in kW (the “Pre-COD Credit Support Amount”). The Pre- COD Credit Support Amount will apply with respect to Seller until the Commercial Operation Date.Date.
(ii) By no later than the Commercial Operation Date, Seller shall transfer Credit Support to Buyer in substitution of the Credit Support delivered pursuant to Section 6.1(a)(i) having an aggregate value equal to (A) $100 multiplied by (B) the Storage Contract Capacity, expressed in kW (the “Operating Period Credit Support Amount”).Amount”).
Appears in 2 contracts
Samples: Storage Capacity Agreement, Storage Capacity Agreement
