Development Security Deposit definition

Development Security Deposit means the development security deposit described in Section 3.6 that is required to be provided by Seller to Buyer.
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Development Security Deposit means the development security deposit described in Section 3.7, that is an Acceptable Form of Security, and that is required to be provided by Seller to Buyer.
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Development Security Deposit or “DSD” means the development security deposit equaling $100 per kW of Facility Capacity required for the FiT+ Pilot Program.
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Examples of Development Security Deposit in a sentence

  • After Seller achieves Commercial Operation, Seller shall submit a written request to the Buyer for the refund of the Development Security Deposit.

  • However, if failure to meet SOPPA Milestone Deadline or Commercial Operation is due to Force Majeure, Buyer will refund the Development Security Deposit.

  • Seller shall provide a Development Security Deposit in the amount of $50 for each kilowatt of Capacity of the Facility to Buyer in the form of a cashier’s check on or prior to the Effective Date.

  • If the SOPPA Milestone is not met by the SOPPA Milestone Deadline or Commercial Operation does not occur by the Commercial Operation Deadline, Seller shall forfeit and Buyer shall retain the entire Development Security Deposit as liquidated damages.

  • Xxxxx will return the Development Security Deposit to Seller within thirty (30) days of receiving the written request.

  • Seller shall forfeit and Buyer shall retain the entire Development Security Deposit if the Milestone is not met by the Milestone Deadline or Commercial Operation does not occur by the Commercial Operation Deadline.

  • Buyer will refund the Development Security Deposit to Seller within thirty (30) days of receiving the written request, provided that the Interconnection Cost Milestone, VPPA Milestone, and Commercial Operation have been achieved by their respective Deadlines.

  • However, if failure to meet VPPA Milestone Deadline or Commercial Operation is due to Force Majeure, Buyer will refund the Development Security Deposit.

  • This account shall be carried in the Management Agent’s name and shall be designated of record "(Name of Development) Security Deposit Account".

  • Seller shall provide a Development Security Deposit of $50 for each kilowatt of Capacity of the Facility to Buyer in the form of a certified or cashier’s check on or prior to the Effective Date.

Related to Development Security Deposit

  • Development Security means (i) cash or (ii) a Letter of Credit in the amount set forth on the Cover Sheet.

  • Security Deposit means the deposit to be held by the owner as security for the due performance of the contractual obligations.

  • Security Deposits means all Tenant security deposits in the form of cash and letters of credit, if any, held by Seller, as landlord (together with any interest which has accrued thereon, but only to the extent such interest has accrued for the account of the Tenant).

  • Security Deposit Account has the meaning given in Section 5.1.

  • Interest Free Security Deposit/ Performance Security means interest free amount to be deposited by the Licensee with DMRC as per terms and conditions of License Agreement as a security against the performance of the License Agreement.

  • Earnest Money Deposit (EMD) means Bid Security/ monetary or financial guarantee to be furnished by a tenderer along with its tender.

  • Reserve Account Initial Deposit means cash or Eligible Investments having a value of at least $____________.

  • Earnest Money Deposit (EMD) means the refundable amount to be submitted by the Bidder along with RFP documents to NMRC

  • Xxxxxxx Money Deposit shall have the meaning set forth in Section 2.5(a).

  • Patent Security Agreement means each Patent Security Agreement executed and delivered by Grantors, or any of them, and Agent, in substantially the form of Exhibit B.

  • Term deposit means a deposit received by the bank for a fixed period withdrawable only after the expiry of the fixed period and includes deposits such as Recurring / Double Benefit Deposits / Short Deposits / Fixed Deposits /Monthly Income Certificate / Quarterly Income Certificate etc.

  • Letter of Credit Collateral Account means a special deposit account maintained by the Administrative Agent, for the benefit of the Administrative Agent, the Issuing Bank and the Lenders, and under the sole dominion and control of the Administrative Agent.

  • Cash Collateral Account Agreement With respect to any Mortgage Loan, the cash collateral account agreement, if any, between the originator of such Mortgage Loan and the related Mortgagor, pursuant to which the related Cash Collateral Account, if any, may have been established.

  • Spread Account Initial Deposit means an amount equal to 3% of the aggregate principal balance of the Receivables on the Closing Date (which is equal to $26,373,696.22).

  • Letter of Credit Cash Collateral Account means a blocked deposit account at Bank of America with respect to which Borrower hereby grants a security interest in such account to Administrative Agent for and on behalf of Lenders as security for Letter of Credit Usage and with respect to which Borrower agrees to execute and deliver from time to time such documentation as Administrative Agent may reasonably request to further assure and confirm such security interest.

  • Cash Deposit means a cash security deposit in U.S. dollars held by AT&T-21STATE.

  • Replacement Reserve Monthly Deposit shall have the meaning set forth in Section 7.3.1 hereof.

  • Patent Security Agreements means the Patent Security Agreements made in favor of Agent, on behalf of itself and Lenders, by each applicable Credit Party.

  • Cash Collateral Account means a blocked account at a commercial bank specified by the Administrative Agent in the name of the Administrative Agent and under the sole dominion and control of the Administrative Agent, and otherwise established in a manner reasonably satisfactory to the Administrative Agent.

  • Initial Deposit shall have the meaning set forth in Section 2.5(a).

  • Reserve Account Property shall have the meaning specified in Section 4.7(a) of the Sale and Servicing Agreement.

  • Payment Security Mechanism shall have the meaning ascribed thereto in Article 10.4 of this Agreement;

  • Designated Account Property The Designated Accounts, all cash, investments, Financial Assets, securities and investment property held from time to time in any Designated Account (whether in the form of deposit accounts, Physical Property, book-entry securities, Uncertificated Securities or otherwise), including the Reserve Account Deposit, and all proceeds of the foregoing but excluding all Investment Earnings thereon.

  • Collateral Account is any Deposit Account, Securities Account, or Commodity Account.

  • Reserve Fund Initial Deposit means the initial deposit of cash in the amount of $3,846,153.85 made by or on behalf of the Seller into the Reserve Fund on the Closing Date.

  • Unapplied Non-Extension Advance means any Non-Extension Advance other than an Applied Non-Extension Advance.