Common use of Termination of Project Development Security Clause in Contracts

Termination of Project Development Security. If after the Initial Delivery Date no damages are due and owing to Buyer under this Agreement, then Seller shall no longer be required to maintain the [Project Development Security], and Buyer shall return to Seller the [Project Development Security] within five (5) Business Days of Seller’s provision of the Delivery Term Security unless, with Buyer’s consent, Seller elects to apply the [Project Development Security] posted pursuant to Section 4.3(a)(ii) toward the Delivery Term Security posted pursuant to Section 4.3(b). [

Termination of Project Development Security. If after the Initial Delivery Commercial Operation Date no damages are due and owing owed to Buyer under this Agreement, then Seller shall no longer be required to maintain the [Project Development Security], and Project Development Security amounts held by Buyer as Daily Delay Damages due to a delayed Construction Start Date shall return be returned to Seller the [Project Development Security] within five (5) Business Days of Seller’s provision of the Delivery Term Security unlessSecurity; provided however, that with Buyer’s consent, Seller elects may elect to apply the [Project Development Security] posted pursuant to Section 4.3(a)(ii) Security toward the Delivery Term Security posted Security, if any, provided pursuant to this Section 4.3(b). [8.4.

Termination of Project Development Security. If after the Initial Delivery Commercial Operation Date no damages are due and owing owed to Buyer under this Agreement, then Seller shall no longer be required to maintain the [Project Development Security], ; and Buyer shall return to Seller the [Project Development Security] , including amounts held by Buyer as Daily Delay Damages due to a delayed Construction Start Date, shall be returned to Seller within five (5) Business Days of Seller’s provision of the Delivery Term Security unlessSecurity; provided however, that with Buyer’s consent, Seller elects may elect to apply the [Project Development Security] posted pursuant to Section 4.3(a)(ii) Security toward the Delivery Term Security posted Security, if any, provided pursuant to this Section 4.3(b). [8.4.

Termination of Project Development Security. If after the Initial Delivery Date no damages are due and owing to Buyer under this Agreement, then Seller shall no longer be required to maintain the [Project Development Security], and Buyer shall return to Seller the [Project Development Security] within five (5) Business Days of Seller’s provision of the Delivery Term Security unless, with Buyer’s consent, Seller elects to apply the [Project Development Security] posted pursuant to Section 4.3(a)(ii) toward the Delivery Term Security posted pursuant to Section 4.3(b). [.