Common use of Seller’s Development Security Clause in Contracts

Seller’s Development Security. To secure its obligations under this Agreement, Seller shall deliver the Development Security to Buyer within thirty (30) days after the Effective Date. Seller shall maintain the Development Security in full force and effect. Upon the earlier of

Appears in 4 contracts

Samples: Renewable Power Purchase Agreement, Power Purchase and Sale Agreement, Energy Storage Agreement

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Seller’s Development Security. To secure its obligations under this Agreement, Seller shall deliver the Development Security to Buyer within thirty (30) days after the Effective Date. Seller shall maintain the Development Security in full force and effecteffect until Xxxxx is required to return such Development Security hereunder. Upon the earlier ofof (a) Seller’s delivery of the Performance Security, or (b) sixty (60) days after termination of this Agreement, Buyer shall return the Development Security to Seller, less the amounts drawn in accordance with this Agreement.

Appears in 1 contract

Samples: Energy Storage Agreement

Seller’s Development Security. To secure its obligations under this Agreement, Seller shall deliver the Development Security to Buyer within thirty (30) days after the Effective Date. Seller shall maintain the Development Security in full force and effect. Upon the earlier ofof (a) Seller’s delivery of the Performance Security, or (b) sixty (60) days after termination of this Agreement, Buyer shall return the Development Security to Seller, less the amounts drawn in accordance with this Agreement.

Appears in 1 contract

Samples: Renewable Power Purchase Agreement

Seller’s Development Security. To secure its obligations under this Agreement, Seller shall deliver the Development Security to Buyer within thirty (30) days after the Effective Date. Seller shall maintain the Development Security in full force and effect. Upon the earlier ofof‌

Appears in 1 contract

Samples: Renewable Power Purchase Agreement

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Seller’s Development Security. To secure its obligations under this Agreement, Seller shall deliver the Development Security to Buyer within thirty ten (3010) days after the Effective Date. Seller shall maintain the Development Security in full force and effect; provided that the Development Security shall not be replenishable. Upon the earlier ofof (a) Seller’s delivery of the Performance Security, or (b) sixty (60) days after termination of this Agreement, Xxxxx shall return the Development Security to Seller, less the amounts drawn in accordance with this Agreement.

Appears in 1 contract

Samples: Renewable Power Purchase Agreement

Seller’s Development Security. To secure its obligations under this Agreement, Seller shall deliver the Development Security to Buyer within thirty (30) days after the Effective Date. Seller shall maintain the Development Security in full force and effect. Upon the earlier ofeffect and Seller shall within five

Appears in 1 contract

Samples: Renewable Power Purchase Agreement

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