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.
Appears in 3 contracts
Samples: Renewable Power Purchase Agreement, Energy Storage Agreement, Energy Storage 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.thereof and Buyer shall replenish the Development Security to its full amount within three (3) Business Days after such draw. 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 Damages, Buyer may draw upon the Development Security to satisfy Seller’s payment obligation thereof.
Appears in 2 contracts
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.
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.thereof and Buyer shall replenish the Development Security to its full amount within five (5) Business Days after such draw. Buyer shall compensate Seller for the Product in accordance with this Exhibit C.
Appears in 1 contract
Samples: Renewable Power Purchase Agreement
