Common use of Xxxxx’s Right to Draw on Development Security Clause in Contracts

Xxxxx’s Right to Draw on Development Security. If Seller fails to timely pay any Daily Delay Damages or Commercial Operation Delay Damages, Buyer may draw upon the Development Security to satisfy Seller’s payment obligation thereof. EXHIBIT C COMPENSATION

Appears in 2 contracts

Samples: Energy Storage Agreement, Energy Storage Agreement

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Xxxxx’s Right to Draw on Development Security. If Seller fails to timely pay any Daily Delay Damages or Commercial Operation Delay Damages, Buyer may draw upon the Development Security to satisfy Seller’s payment obligation thereofthereof and Buyer shall replenish the Development Security to its full amount within three (3) Business Days after such draw. EXHIBIT C COMPENSATIONCOMPENSATION Buyer shall compensate Seller for the Product in accordance with this Exhibit C.

Appears in 2 contracts

Samples: Renewable Power Purchase Agreement, Renewable Power Purchase Agreement

Xxxxx’s Right to Draw on Development Security. If Seller fails to timely pay any Daily Delay Damages or Commercial Operation Delay DamagesDelay, Buyer may draw upon the Development Security to satisfy Seller’s payment obligation thereof. EXHIBIT C COMPENSATIONC

Appears in 1 contract

Samples: Power Purchase and Sale Agreement

Xxxxx’s Right to Draw on Development Security. If Seller fails to timely pay any Daily Delay Damages or Commercial Operation Delay Damages, Buyer may draw upon the Development Security to satisfy Seller’s payment obligation thereof. EXHIBIT C COMPENSATION.

Appears in 1 contract

Samples: Renewable Power Purchase Agreement

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Xxxxx’s Right to Draw on Development Security. If Seller fails to timely pay any Daily Delay Damages or Commercial Operation Delay Damages, Buyer may draw upon the Development Security to satisfy Seller’s payment obligation thereofthereof and Buyer shall replenish the Development Security to its full amount within five (5) Business Days after such draw. EXHIBIT C COMPENSATIONCOMPENSATION Buyer shall compensate Seller for the Product in accordance with this Exhibit C.

Appears in 1 contract

Samples: Renewable Power Purchase Agreement

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