Development Period Security definition

Development Period Security shall have the meaning set forth in Section 6.1(a) hereof.
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Development Period Security. An amount equal to $50/kW of the Contract Capacity.
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Development Period Security means the Performance Assurance that Seller is required to maintain during the period and as otherwise specified in Section 8.4(a)[(i)/(ii)] to secure performance of its obligations hereunder.
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Examples of Development Period Security in a sentence

  • If Seller fails to pay such amounts when due, Buyer may draw upon the Development Period Security for payment of such Delay Damages, and Buyer may exercise any other remedies available for Seller’s default hereunder.

  • If the Development Period Security is at any time insufficient to pay the amount of the draw to which Company is then entitled, Seller shall pay any such deficiency to Company promptly upon demand.

  • Company shall draw upon the Development Period Security on a monthly basis for payment of the total Daily Delay Damages incurred by Seller during the preceding calendar month.

  • In the event Company receives notice from the issuing bank that a letter of credit for the Development Period Security or Operating Period Security will be cancelled or is set to expire and will not be extended, Company shall endeavor, but shall not be obligated, to provide Seller with notice of such cancellation or termination.

  • Bidders will be required to post Development Period Security and Operating Period Security.


More Definitions of Development Period Security

Development Period Security has the meaning set forth in Section 14.1(a) (General).
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Development Period Security means collateral in the form of cash, which shall be provided by the Subscriber Organization to the EDC during the development of the SCEF;
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Development Period Security means the Performance Assurance that Seller is required to maintain during the period and as otherwise specified in Section 8.4(a)(i) to secure performance of its obligations hereunder.
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Development Period Security means collateral in the form of cash, which shall be provided by the Subscriber Organization to the EDC during the development of the SCEF. Development Period Security shall not earn interest;
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Development Period Security has the meaning set forth in Section 8.1(a). “Direct Claim” means any claim by an Indemnitee on account of an Indemnifiable Loss which does not result from a Third Party Claim.
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Development Period Security. An amount equal to $40/kW of the Committed Capacity.
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Development Period Security has the meaning set forth in Section 10.1(a).
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