Common use of Termination of Project Development Security Clause in Contracts

Termination of Project Development Security. If after the Commercial Operation Date no damages are 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 be returned to Seller within five (5) Business Days of Seller’s provision of the Delivery Term Security; provided however, that with Buyer’s consent, Seller may elect to apply the Project Development Security toward the Delivery Term Security, if any, provided pursuant to this Section 8.4.

Termination of Project Development Security. If after the Commercial Operation Date no damages are owed 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, amounts held by Buyer as Daily Delay Damages due to a delayed Construction Start Date shall be returned to Seller Security within five (5) Business Days of Seller’s provision of the Delivery Term Security; provided however, that with Buyer’s consent, Seller may elect to apply the Project Development Security toward the Delivery Term Security, if any, provided pursuant to this Section 8.4Days.

Termination of Project Development Security. If after the Commercial Operation Date no damages are owed to Buyer under this Agreement, then Seller shall no longer be required to maintain the Project Development Security, Security and Project Development Security, amounts held by Buyer as Daily Delay Damages due to a delayed Construction Start Date Security shall be returned to Seller within five two (52) Business Days of Seller’s provision of the Delivery Term SecurityPerformance Assurance; provided however, that with Buyer’s consent, Seller may elect to apply the Project Development Security toward the Delivery Term SecurityPerformance Assurance, if any, provided pursuant to this Section 8.4.

Termination of Project Development Security. If after the Commercial Operation Date no damages are owed 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, amounts held by Buyer as Daily Delay Damages . The Project Development Security due to a delayed Construction Start Date Seller shall be returned to Seller within five (5) Business Days of Seller’s provision of the Delivery Term Security; provided howeverSecurity unless, that with Buyer’s consent, Seller may elect elects to apply the Project Development Security toward the Delivery Term Security, if any, provided pursuant to this Section 8.4.

Termination of Project Development Security. If after the Commercial Operation Date no damages are owed to Buyer under this Agreement, then Seller shall no longer be required to maintain the Project Development Security, ; and the Project Development Security, amounts held by Buyer as Daily Delay Damages due to a delayed Construction Start Date Security shall be returned to Seller within five (5) Business Days of Seller’s provision of the Delivery Term Security; provided however, that with Buyer’s consent, Seller may elect to apply the Project Development Security toward the Delivery Term Security, if any, provided pursuant to this Section 8.48.2.