Damage Payment definition

Damage Payment means the dollar amount that equals the amount of the Development Security.

Damage Payment means the dollar amount equal to the amount to be posted as Project Development Security pursuant to Section 8.4(a)(i) hereof.

Damage Payment means the dollar amount equal to the amount initially posted as Project Development Security pursuant to Section 8.4(a).

Examples of Damage Payment in a sentence

• As soon as practicable after a Terminated Transaction, Notice shall be given by the Non-Defaulting Party to the Defaulting Party of the amount of the Damage Payment or Termination Payment and whether, in the case of a Termination Payment, the Termination Payment is due to the Non-Defaulting Party.

• As soon as practicable after a Terminated Transaction, Notice shall be given by the Non-Defaulting Party to the Defaulting Party of the amount of the Damage Payment or Termination Payment and whether the Termination Payment is due to or from the Non-Defaulting Party.

• Buyer may collect or draw upon a portion of the Development Security for unpaid Construction Delay Damages, Commercial Operation Delay Damages, or for any reason permitted under this Agreement with the exception of a Damage Payment or a Termination Payment.

More Definitions of Damage Payment

Damage Payment means [for a ten year Delivery Term the dollar amount that equals six (6) months minimum expected revenue of the Project based on Guaranteed Energy Production and the estimated average TOD-adjusted Contract Price, which will be calculated prior to the Execution Date] [for a fifteen year Delivery Term the dollar amount that equals nine (9) months minimum expected revenue of the Project based on Guaranteed Energy Production and the estimated average TOD-adjusted Contract Price, which will be calculated prior to the Execution Date] [for a twenty year or greater Delivery Term the dollar amount that equals twelve (12) months minimum expected revenue of the Project based on Guaranteed Energy Production and the estimated average TOD-adjusted Contract Price, which will be calculated prior to the Execution Date]. [Select bracketed language appropriate for the length of the Delivery Term]

Damage Payment means the amount to be paid by the Defaulting Party to the Non- Defaulting Party after a Terminated Transaction occurring prior to the Commercial Operation Date, in a dollar amount as set forth in Section 11.3(a).

Damage Payment means (a) the dollar amount equal to the amount to be posted as Delivery Term Security pursuant to Section 8.4(a)(ii) hereof.

Damage Payment means the dollar amount equal to (a) the amount initially posted as Project Development Security pursuant to Section 8.4(a)(ii), less (b) amounts collected by Buyer as Daily Delay Damages pursuant to Section 3.9(c)(iv).

Damage Payment means the amount to be paid by the Defaulting Party to the Non- Defaulting Party after a Terminated Transaction occurring prior to the Commercial Operation Date, in a dollar amount set forth in Section 11.3(a).

Damage Payment means a liquidated damages payment in the amount indicated in the Cover Sheet.

Damage Payment means [for a ten year Delivery Term the dollar amount that equals six (6) months minimum expected revenue of the Project based on Guaranteed Energy Production and the estimated average XXX-adjusted Contract Price, which will be calculated prior to the Execution Date] [for a fifteen year Delivery Term the dollar amount that equals nine (9) months minimum expected revenue of the Project based on Guaranteed Energy Production and the estimated average XXX-adjusted Contract Price, which will be calculated prior to the Execution Date] [for a twenty year or greater Delivery Term the dollar amount that equals twelve (12) months minimum expected revenue of the Project based on Guaranteed Energy Production and the estimated average XXX-adjusted Contract Price, which will be calculated prior to the Execution Date]. [Select bracketed language appropriate for the length of the Delivery Term]