Delivery Date Security definition

Delivery Date Security means the aggregate of the Application Security and the Contract Approval Security.

Delivery Date Security has the meaning set forth in Section 13.02(a).

Delivery Date Security means (i) for the period beginning on receipt of CPUC Approval and ending on August 31, 2012, a sum equal to $12,400,000 (determined using $20,000 per MW times 620 MWs), (ii) for the period beginning on September 1, 2012 and ending on June 30, 2013, a sum equal to

Examples of Delivery Date Security in a sentence

• In the event SCE draws Daily Delay Damages from the Delivery Date Security, Seller shall not be required to replenish the drawn amount.

• If Seller achieves an Initial Delivery Date for the Project by the Expected Initial Delivery Date, SCE shall return to Seller the entire amount of the Delivery Date Security held by SCE.

• Grant Thornton be thanked for the presentation on the Audit Plan.2. the Audit Plan be noted.

• The “Pre-COD Settlement Amount” shall be $20,000 per MW multiplied by the Maximum Contract Capacity if the Event of Default occurs prior to the end of the third full month following the Effective Date, and shall thereafter increase by $4,000 per MW (multiplied by the Maximum Contract Capacity) each calendar month, but shall not exceed 100% of the Delivery Date Security.

• Within five (5) Business Days following the Initial Delivery Date, or upon termination of this Agreement pursuant to Section 2.02 or Section 4.02, SCE shall return to Seller the Delivery Date Security, less any Daily Delay Damages SCE has retained if the Initial Delivery Date is after the Expected Initial Delivery Date.

• SCE shall be entitled to immediately retain for its own benefit those funds held as Delivery Date Security, and any amount of Delivery Date Security that Seller has not yet posted with SCE will be immediately due and payable by Seller to SCE.

• SCE shall be entitled to recover the Daily Delay Damages owed by Seller by drawing on and/or retaining any Delivery Date Security.

• No later than 10:00 a.m., New York City time, on the Business Day prior to the Scheduled Delivery Date, Security Agent shall deliver the amortization schedule for the Aircraft to Borrower and Borrower shall no later than 5:00 p.m., New York City time, on such day deliver written confirmation of such amortization schedule to Security Agent.

• Except as may be provided or limited by this Agreement, the obligations which by their nature are intended to survive termination of this Agreement, including representations, warranties, covenants and rights and obligations with respect to audits, indemnification, payment and settlement, confidentiality, remedies, limitation of liabilities, posting of Performance Assurance and Delivery Date Security, dispute resolution, and limitations on third party sales, shall so survive.

• If Seller is the Defaulting Party, then the Termination Payment shall be owed to SCE and shall be equal to the entire Delivery Date Security amount.

More Definitions of Delivery Date Security

Delivery Date Security has the meaning set forth in Section 4.1(a).