Construction Period Security definition

Construction Period Security means the Performance Assurance that Seller is required to maintain during the period and as otherwise specified in Section 8.4(a)[(ii)/(iii)] to secure performance of its obligations hereunder.
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Construction Period Security has the meaning set forth in Section 11.2.2.
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Construction Period Security means an irrevocable standby letter of credit to be provided to the Utility or cash held in escrow by the Utility in support of the Generator’s obligations during the Construction Period in an amount defined in section 2.3.3.
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Examples of Construction Period Security in a sentence

  • If Seller provides Performance Assurance in the form of cash, Buyer shall pay interest on such cash held as CPUC Approval Security, Development Period Security, Construction Period Security, or Delivery Term Security, as applicable, at the Interest Rate.


More Definitions of Construction Period Security

Construction Period Security means (i) a Letter of Credit, substantially in the form of Attachment B (which form may be modified or altered as deemed necessary by the entity issuing such letter), to be provided to the Utility or (ii) Cash held in escrow for the Utility under a Cash Escrow Agreement, substantially in the form of Attachment C to be mutually agreed between the
Sample 1
Construction Period Security means (i) a Letter of Credit, substantially in the form of Attachment B, to be provided to the Utility or (ii) Cash held in escrow for the Utility under a Cash Escrow Agreement, substantially in the form of Attachment C to be mutually agreed between the Utility and Generator, in support of the Generator’s obligations during the Construction Period in an amount defined in section 2.3.43.
Sample 1
Construction Period Security means an irrevocable standby Letter of Credit to be provided to the Utility or Cash held in escrow byon behalf the Utility by the Custodian under a Cash Escrow Agreement, in support of the Generator’s obligations during the Construction Period in an amount defined incalculated under section 2.3.3.
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Related to Construction Period Security

  • Construction Period means the period commencing from the Appointed Date and ending on the date of the Completion Certificate;

  • Construction Commencement Date means the date set out in the Addendum, if applicable, by which you must commence construction of the Hotel. For the Hotel to be considered under construction, youmust have begun to pour concrete foundations for the Hotel or otherwise satisfied any site-specific criteria for “under construction” set out in the Addendum.

  • Scheduled Construction Period means the period commencing from the Appointed Date and ending on Scheduled Completion Date;

  • Project Completion Date means the date on which the Completion Certificate is issued;

  • Completion Date means the date of completion of the Services by the Service Provider as certified by the Procuring Entity

  • Substantial Completion Date means the required date for Substantial Completion of the Project. The Substantial Completion Date can be adjusted only by written Change Order.

  • Final Completion Date means the date on which Final Completion occurs.

  • The Completion Date means the date of completion of the Works as certified by the Employer’s Representative.

  • Improvement completion assurance means a surety bond, letter of credit,

  • Notice to Proceed (NTP) means the authorization issued by the CO to start performance on this Contract.

  • Installation Date means the date specified in the Statement of Work by which the Contractor must have the ordered Equipment ready (certified) for use by the State.