Commercial Operation Delay Damages means an amount equal to (a) the Development Security amount required hereunder, divided by (b) sixty (60).
Commercial Operation Delay Damages means an amount equal to (a) the Development Security amount required hereunder, divided by (b) ninety (90).
Commercial Operation Delay Damages has the meaning set forth in Section 1.1 of the
Examples of Commercial Operation Delay Damages in a sentence
Seller shall maintain the Development Security in full force and effect and Seller shall replenish the Development Security to the initial amount within five (5) Business Days in the event Buyer collects or draws down any portion of the Development Security for unpaid Daily Delay Damages, Commercial Operation Delay Damages, or for any reason permitted under this Agreement other than to satisfy a Damage Payment or a Termination Payment.
More Definitions of Commercial Operation Delay Damages
Commercial Operation Delay Damages or “COD Delay Damages” means an amount equal to (a) the Development Security amount required hereunder, divided by (b) sixty (60).
Commercial Operation Delay Damages or “COD Delay Damages” means an amount equal to [$x/day] that is the result of (a) the Development Security amount required hereunder, divided by (b) sixty (60).
Commercial Operation Delay Damages means an amount equal to
Commercial Operation Delay Damages means an amount equal to (a) the Development Security amount required hereunder, divided by (b) one-hundred eighty (180).
Commercial Operation Delay Damages means an amount for each day of delay equal to the Development Security
Commercial Operation Delay Damages means an amount equal to the Collateral Requirement amount divided by ninety (90) days.
Commercial Operation Delay Damages means an amount equal to (a) the amount of Development Security that is remaining as of the Expected Initial Delivery Date, as such date has been extended pursuant to Section 19.3, divided by (b) the total number of days between the Expected Initial Delivery Date, as such date has been extended pursuant to Section 19.3, and the Initial Delivery Date Deadline.