Termination of Project Development Security. Seller shall no longer be required to maintain the Project Development Security (or the remaining balance thereof) after the Commercial Operation Date, if at such time no damages are owed to PacifiCorp under this Agreement. However, as of the Commercial Operation Date, Seller may elect to apply the Project Development Security toward the Default Security required by Section 8.2, including by the automatic continuation (as opposed to the replacement) thereof.
Appears in 7 contracts
Samples: Power Purchase Agreement, Power Purchase Agreement, Power Purchase Agreement
Termination of Project Development Security. Seller shall no longer be required to maintain the Project Development Security (or the remaining balance thereof) after the Commercial Operation Date, if at such time no damages are owed to PacifiCorp under this Agreement. However, as of the Commercial Operation Date, Seller may elect to apply the Project Development Security toward the Default Security required by Section 8.2, including by the automatic continuation (as opposed to the replacement) thereof.
Appears in 6 contracts
Samples: Pro Forma Draft, Pro Forma Solar Agreement, Power Purchase Agreement
Termination of Project Development Security. Seller shall no longer be required to maintain the Project Development Security (or the remaining balance thereof) after the Commercial Operation Date, if at such time no damages are owed to PacifiCorp under this Agreement. However, as of the Commercial Operation Date, Seller may elect to apply the Project Development Security toward the Default Security required by Section 8.27.2, including by the automatic continuation (as opposed to the replacement) thereof.
Appears in 2 contracts
Termination of Project Development Security. Seller shall no longer be required to maintain the Project Development Security (or the remaining balance thereof) after the Commercial Operation Date, if at such time no damages are owed to PacifiCorp under this Agreement. However, as of the Commercial Operation Date, Seller may elect to apply the Project Development Security toward the Default Security required by Section 8.2, including by the automatic continuation (as opposed to the replacement) thereof.toward
Appears in 1 contract
Samples: Power Purchase Agreement
Termination of Project Development Security. If at such time no damages are owed to PacifiCorp under this Agreement, Seller shall no longer be required to maintain the Project Development Security (or the remaining balance thereof) on and after the thirtieth (30th) day after the Facility achieves the Commercial Operation Date; provided, if at such time no damages are owed to PacifiCorp under this Agreement. Howeverhowever, as of the Commercial Operation Datethat with PacifiCorp’s consent, Seller may elect to apply the Project Development Security toward the Default Security required by Section 8.2, including by the automatic continuation (as opposed to the replacement) thereof.
Appears in 1 contract
Samples: Power Purchase Agreement
