Applicable PA Amount definition

Applicable PA Amount means (a) prior to satisfaction or Buyer’s waiver of the condition precedent set forth in Section 2.3(b)(i), [ ]3 Dollars ($[ ]), (b) upon satisfaction or Buyer’s waiver of the condition precedent set forth in Section 2.3(b)(i) until the date set forth in clause (c) herein, [ ]4 Dollars ($[ ]), and (c) on and after the Commercial Operation Date, [ ]5 Dollars ($[ ]).

Applicable PA Amount means (i) prior to satisfaction or Buyer’s waiver of the condition precedent set forth in Section 2.3(b)(i), [ ]3 Dollars ($[ ]), (ii) upon satisfaction or Buyer’s waiver of the condition precedent set forth in Section 2.3(b)(i) until the date set forth in clause (iii) herein, [ ]4 Dollars ($[ ]), (iii) on achievement of Milestone (iv) (Full mobilization to Facility Site to commence civil and electrical works) set forth in Section 3.3 until the date set forth in clause (iv) herein, [ ]5 Dollars ($[ ]), and (iv) on and after the Commercial Operation Date, [ ]6 Dollars ($[ ]).

Applicable PA Amount means (a) prior to satisfaction or Buyer’s waiver of the condition precedent set forth in Section 2.3(b)(i), [ ]6 Dollars ($[ ])[, (b) upon satisfaction or Buyer’s waiver of the condition precedent set forth in Section 2.3(b)(i) until the date set forth in clause (c) herein, [ ]7 Dollars ($[ ]), and (c) on and after the Commercial Operation Date,]8 [and (b) from and after satisfaction or Buyer’s waiver of the condition precedent set forth in Section 2.3(b)(i),]9 [ ]10 Dollars ($[ ]).

Examples of Applicable PA Amount in a sentence

• Any Letter of Credit provided as Performance Assurance shall have an expiration date no sooner than 364 days after issuance, and Seller shall extend or replace (with other Performance Assurance with undrawn capacity equal to the Applicable PA Amount) such Letter of Credit by the date that is thirty (30) days prior to the expiration thereof.

• In addition to the replacement Performance Assurance that may be required pursuant to the preceding sentence, Seller shall, at any time and from time to time, have the right to replace the Performance Assurance in effect at such time with other Performance Assurance having an undrawn capacity equal to the Applicable PA Amount.

• No later than three (3) Business Days following written notification from Buyer of any draw, Seller shall replenish the Performance Assurance to an undrawn capacity equal to the Applicable PA Amount.

• Seller shall deliver Performance Assurance in the Applicable PA Amount on or before three (3) Business Days after the Effective Date.

• No later than three (3) Business Days following written notification from Buyer of any draw, Seller shall replenish the Performance Assurance to the Applicable PA Amount.

More Definitions of Applicable PA Amount

Applicable PA Amount means (a) prior to satisfaction or Buyer’s waiver of the condition precedent set forth in Section 2.3(b)(i), [ ]4 Dollars ($[ ]), (b) upon satisfaction or Buyer’s waiver of the condition precedent set forth in Section 2.3(b)(i) until the date set forth in clause (c) herein, [ ]5 Dollars ($[ ]), (c) on achievement of Milestone (iv) (Full mobilization to Facility Site to commence civil and electrical works) set forth in Section 3.3 until the date set forth in clause (d herein, [ ]6 Dollars ($[ ]), and (d) on and after the Commercial Operation Date, [ ]7 Dollars ($[ ]).

Applicable PA Amount means $[ ], subject to adjustment pursuant to Section

Applicable PA Amount means (a) prior to the earlier of (i) Seller entering into an engineering, procurement and construction contract for the Facility and (ii) [ ]4, [ ]5 Dollars ($[ ]), (b) upon the earlier of (i) Seller entering into an engineering, procurement and construction contract for the Facility and (ii) [ ]6, [ ]7 Dollars ($[ ]), and (c) on and after the Commercial Operation Date, [ ]8 Dollars ($[ ]).