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 (i) Seller’s delivery of the Performance Security, or (ii) 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: Power Purchase Agreement

AutoNDA by SimpleDocs

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 of (ia) Seller’s delivery of the Performance Security, or (iib) 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 of (i) Seller’s delivery of the Performance Security, or (ii) sixty (60) days after termination of this Agreement, Buyer effect and Seller shall return the Development Security to Seller, less the amounts drawn in accordance with this Agreement.within five

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 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 of of (ia) Seller’s delivery of the Performance Security, or (iib) sixty (60) days after termination of this Agreement, Buyer 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 effecteffect until Xxxxx is required to return such Development Security hereunder. Upon the earlier of of (ia) Seller’s delivery of the Performance Security, or (iib) 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

AutoNDA by SimpleDocs

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 (i) Seller’s delivery of the Performance Security, or (ii) sixty (60) days after termination of this Agreement, Buyer Xxxxx 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 (i) Seller’s delivery of the Performance Security, or (ii) 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 twenty (3020) days after the Effective Date. Seller shall maintain the Development Security in full force and effect, subject to the terms of this Section 8.7(a). Upon the earlier of of (ia) Seller’s delivery of the Performance Operation Security, or (ii) 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.or

Appears in 1 contract

Samples: Energy Storage Agreement

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!