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 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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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
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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.

  • 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.

  • 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.

Related to Aggregate Drawdown Payment

  • Loan Payment means any amount payable by the Loan Parties to the Bank pursuant to the Legal Agreements or these General Conditions, including (but not limited to) any amount of the Withdrawn Loan Balance, interest, the Front-end Fee, interest at the Default Interest Rate (if any), any prepayment premium, any transaction fee for a Conversion or early termination of a Conversion, any premium payable upon the establishment of an Interest Rate Cap or Interest Rate Collar, and any Unwinding Amount payable by the Borrower.”

  • Loan Amount has the meaning specified in Section 7.06(b) of the Indenture.