Decommissioning Assurance means financial security in the form of an escrow account, letter of credit, bond or other form of security reasonably acceptable to the Host, in a sufficient amount to cover removal of the Project from the Premises and restoring the Premises to substantially its pre-construction condition existing on the Commencement Date, ordinary wear and tear excepted, as certified by an engineer or other qualified professional registered to practice in the Commonwealth of Massachusetts.
Decommissioning Assurance means adequate financial assurance, either in the form attached hereto as Exhibit H or in such other form reasonably satisfactory to User, which may be a letter of credit, and in the amount set forth in Exhibit C-1 hereto that is established and thereafter maintained by Owner upon and after the Commercial Operation Date until the expiry of the period described in Section 3.7, to fully cover the cost of decommissioning the System and restoring the Premises as specified in the SLP.
Decommissioning Assurance means adequate financial assurance, in a form reasonably satisfactory to Lessor, that is established and thereafter maintained by Lessee upon and after the Commercial Operation Date, to fully cover the cost of decommissioning the System and restoring the Premises as specified in this Agreement. Depending on the circumstances, and subject to Lessor’s approval, appropriate forms of financial assurance may include, without limitation, an escrow fund, irrevocable letter of credit, surety bond or third party guaranty; provided, however, that any form of financial assurance must provide Lessor with adequate rights to access the Decommissioning Assurance in the event of Lessee’s failure to comply with its System removal and Premises restoration obligations under the Agreement.
Examples of Decommissioning Assurance in a sentence
The Development Security and Decommissioning Assurance contemplated by this Agreement: (a) constitutes security for, but is not a limitation of, Developer’s obligations hereunder; and (b) shall not be CVEC’s exclusive remedy for Developer’s failure to perform in accordance with this Agreement.
Termination of the Agreement for any reason shall not relieve Developer or CVEC of any obligation accrued or accruing prior to such termination, including, but not limited to, the obligations set forth in Section 11.4 (Decommissioning Assurance), Section 3.5 (Abandonment of PV System), Sections 12.4 (Indemnification by Developer) and Article XIV (Dispute Resolution; Governing Law), which shall survive the expiration or termination of the Agreement.
CVEC may draw upon the Decommissioning Assurance in the event of Developer’s failure to comply with its PV System removal and Premises restoration obligations under the Inter-Governmental PDA.
More Definitions of Decommissioning Assurance
Decommissioning Assurance means adequate financial assurance, in the form funds to be held in the Deposit Control Account and in the amount set forth in Exhibit E hereto intended to fully cover the cost of decommissioning the PV System and restore the Premises as specified in Section 3.14.
Decommissioning Assurance means financial security in the form of an escrow account, letter of credit, guaranty, bond or other form of security reasonably acceptable to Landlord to be established under this Agreement.
Decommissioning Assurance means financial security in the form of an escrow account, bond or other form of security reasonably acceptable to Buyer to be established as provided in Section 4(h)(1) of this Agreement and to be in the cumulative amount of $.
Decommissioning Assurance means adequate financial assurance, in a form and amount reasonably satisfactory to Landlord and in accordance with the terms and conditions of any Governmental Approval and Applicable Legal Requirements, which is to be established by Tenant not later than the Commercial Operation Date and thereafter maintained continuously throughout the Term, to fully cover the cost of decommissioning the Solar PV System and restoring the Premises to its original condition and as
Decommissioning Assurance means adequate financial assurance in an amount
Decommissioning Assurance means financial security in the form of an escrow account, letter of credit, bond or other form of security reasonably acceptable to the Parties
Decommissioning Assurance means adequate financial assurance, in a form reasonably satisfactory to User and in the amount set forth in Exhibit C hereto that is established and thereafter maintained by Owner upon and after the Commercial Operation Date, to fully cover the cost of decommissioning the System and restoring the Premises as specified in the SLP.