Buy Down Amount definition

Buy Down Amount means [***].

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Buy Down Amount means, at any given time of a Buy-Down Election, an amount equal to: 1.21.1 if, at such time, [***], [***] ([***]%) of the difference between (a) the Full Purchase Target and (b) the sum of all the Development Purchases and Production Purchases made or incurred by Ginkgo; 1.21.2 if, at such time, [***], [***] percent ([***]%) of the difference between (a) the Full Purchase Target and (b) the sum of all the Development Purchases and Production Purchases made or incurred by Ginkgo as of such time; 1.21.3 if, at such time, [***], [***] percent ([***]%) of the difference between (a) the Full Purchase Target and (b) the sum of all the Development Purchases and Production Purchases made or incurred by Ginkgo as of such time; and 1.21.4 if, at such time, [***], [***]. For illustrative purposes only, Schedule 1.21 (Buy-Down Examples) sets forth a table showing the calculated Buy-Down Amounts assuming [***] and [***].

Buy Down Amount has the meaning set forth in Section 8.4.2.

Examples of Buy Down Amount in a sentence

• The aggregate amount payable by Contractor in respect of the Buy Down Amount is subject to the aggregate limitation for performance liquidated damages as provided in Section 16.1.3.

• Contractor shall pay Owner the Buy Down Amount in respect of failure to achieve the full Reliability Requirement as provided in Section 8.4.

• To the extent that Owner is holding Retainage, the full amount of such Retainage so held shall be applied to reduce the amount of the Buy Down Amount owed to Owner on a dollar for dollar basis.

• If Contractor does not achieve the full Performance Requirements and the full Reliability Requirement, in each case within 60 days after the occurrence of the Substantial Completion Date, then Contractor shall pay to Owner the Buy Down Amount pursuant to this Section 8.4 based on the results of the most recent Completed Performance Test certified by the Financing Engineer.

• Contractor shall pay any Buy Down Amount it is required to pay Owner on or before the 90th day after the date on which Substantial Completion occurred (or the date of termination of this Agreement if the Substantial Completion Date does not occur).

• Upon execution of the amended Partnership ------------------- Agreement and new O&M Agreement described in Section 1 and solely from funds received by CCH from distributions in connection with the refinancing of the senior debt of CED, CCH shall pay to CAC, as designee of New CHIP and COC, in consideration for CAC's acceptance of the provisions herein, the sum of $8,951,000, which represents CCH's share of the Fee Buy Down Amount equal to CCH's proportionate ownership of CED.

• A Notice from Owner to Contractor specifying the Buy Down Amount and the actual performance levels of the Power Plant during the Performance Tests used in calculating the Buy Down Amount.

• The net present value of aggregate amount of the ------------------- savings over the next ten years to CED resulting from CAC's agreement to cause New CHIP and COC to execute and deliver an amended Partnership Agreement and O&M Agreement is approximately $17,214,000 (the "Fee Buy Down Amount").

• Upon receipt by Owner of the Buy Down Amount, whether by direct payment by Contractor, by offset, or both, the Performance Guarantee (Buy Down) shall be deemed amended to reflect the actual performance levels of the Power Plant used in calculation of the Buy Down Amount.

• Within [***] after Owner delivers a Notice For Payment of Buy Down Amount to Contractor under Section 16.2.2, Contractor shall pay the Buy Down Amount to Owner.

More Definitions of Buy Down Amount

Buy Down Amount means at the Buy-Down Effective Date the aggregate amount that would need to be paid to the Purchaser on that date after taking into account 50% of all other payments made by the Seller to the Purchaser (including the value of Deliveries net of payments made by the Purchaser to the Seller) to yield an internal rate of return of 15% on 50% of the Stage 1 Upfront Deposit (assumed to occur on the Closing Date) and 15% on 50% of the Elected Expansion Upfront Deposit (assumed to occur on the Expansion Option Election Date).

Buy Down Amount. The amount payable as damages pursuant to Section 14.2 for the failure of the Project to achieve the Project Performance Guarantee.

Buy Down Amount means an amount to be paid by the Construction Contractor to the Partnership in accordance with Section 20.3 and Exhibit F of the Construction Contract.