Aggregate Drawdown Payment definition

Aggregate Drawdown Payment means, with respect to a Delivery Year, the amount equal to the sum of the Drawdown Payments due from Seller to Buyer across all Designated Systems under this Agreement for such Delivery Year, and as may include any adjustment pursuant to Section 6(d)(v)(1) and Section 6(e) of the Cover Sheet.” The following is added as Section 1.3.2:
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Aggregate Drawdown Payment means, with respect to a Delivery Year, the amount equal to the sum of the Drawdown Payments due from Seller to Buyer across all Designated Systems under this Agreement for such Delivery Year pursuant to Section 4.2(c)(v)(A).
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Aggregate Drawdown Payment means, with respect to a Delivery Year, the amount due from Seller to Buyer for underperformance of REC Deliveries across all Designated Systems under this Agreement for such Delivery Year.” The definition of “Bankrupt” in Section 1.7 is amended by replacing “30 days” in clause (ii) with “60 days.” The following is added as Section 1.10.1:
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Examples of Aggregate Drawdown Payment in a sentence

  • If Seller’s Performance Assurance is less than the Aggregate Drawdown Payment, or if Seller has requested to make such payments by additional cash transfer, then Seller shall pay Buyer the difference or the amount of such payments, respectively, within fifteen (15) Business Days of notice by Buyer.

  • If Buyer does not receive such request from Seller within such five (5) Business Day period, or if Seller makes a request within the five (5) Business Day period to pay with cash and then fails to remit the full cash payment by the fourteenth (14th) Business Day after Buyer’s written notice to Seller, Buyer shall draw on Seller’s Performance Assurance to reach the full amount of the Aggregate Drawdown Payment.

  • If Seller’s Performance Assurance is less than the Aggregate Drawdown Payment, then Seller shall pay Buyer the difference within ten (10) Business Days of notice by Buyer.

  • If the Aggregate Drawdown Payment is equal to or greater than $5,000, a list of the Drawdown Payment amounts by Designated System shall be provided by the IPA to Buyer.

  • If the Aggregate Drawdown Payment is less than $5,000, the IPA will track such amount and add such amount to the Aggregate Drawdown Payment for the subsequent Delivery Year or Delivery Years until the earlier of: the last Delivery Year or such time when the Aggregate Drawdown Payment is at least $5,000.

  • Based on the list provided by the IPA, Buyer shall inform Seller of the Aggregate Drawdown Payment (including any Drawdown Payment pursuant to Section 4.2(c)(iv) and any Drawdown Payment pursuant to Section 4.2(d)) by written notice.

  • Based on the list provided by the IPA, Buyer shall inform Seller of the Aggregate Drawdown Payment (including any Drawdown Payment pursuant to Section 5.2(c)(iv) and any Drawdown Payment pursuant to Section 5.2(d)) by written notice.

  • If the Aggregate Drawdown Payments is less than $5,000, the IPA will track such amount and add such amount to the Aggregate Drawdown Payment for the subsequent Delivery Year or Delivery Years until the earlier of: the last Delivery Year or such time when the Aggregate Drawdown Payment is at least $5,000.

  • Based on the list provided by the IPA, Buyer shall inform Seller of the Aggregate Drawdown Payment (including any Drawdown Payment pursuant to Section 4.2(c)(iv) and any Drawdown Payment pursuant to Section 4.2(e)) by written notice.

  • If Seller’s Performance Assurance is less than the Aggregate Drawdown Payment, then Seller shall pay Buyer the difference within ten (10) ninety (90) Business Days of notice by Buyer.


More Definitions of Aggregate Drawdown Payment

Aggregate Drawdown Payment means, with respect to a Delivery Year, the amount equal to the sum of the Drawdown Payments due from Seller to Buyer across
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Related to Aggregate Drawdown Payment

  • Net advance amount means the gross advance amount less the aggregate amount of the actual and estimated transfer expenses required to be disclosed under section 3(e).

  • Gross advance amount means the sum payable to the payee or for the payee's account as consideration for a transfer of structured settlement payment rights before any reductions for transfer expenses or other deductions to be made from such consideration.

  • Credit Event Amount With respect to each Payment Date, the aggregate amount of the Credit Event UPBs of all Credit Event Reference Obligations for the related Reporting Period.

  • Maximum Advance Amount means, for each Advance Notice, the greater of: (i) an amount calculated by multiplying the Market Price applicable to the relevant Advance Notice, multiplied by 200,000 Shares; or (ii) two hundred percent (200%) of the average daily volume of shares of Common Stock traded during the immediately preceding five (5) consecutive trading days applicable to the relevant Advance Notice.