Examples of Initial Delivery Date in a sentence
If the CAISO Ancillary Services Certification has not occurred within thirty (30) days after the Initial Delivery Date, Seller shall owe liquidated damages to Buyer of $15,000 per day of delay, provided that such thirty (30)-day deadline shall be extended on a day-for-day basis for reasons of Force Majeure or other events or circumstances outside of Seller’s reasonable control.
Seller shall take all necessary steps within its control to enable CAISO Ancillary Services Certification to occur within thirty (30) days after the Initial Delivery Date.
From the CP Satisfaction Date to the Initial Delivery Date, Seller shall provide and maintain additional Performance Assurance so that the total amount of Performance Assurance is equal to $[insert] [NOTE to Bidders: Please see RFO document for collateral requirements.] (the “Construction Period Security”) in order to secure Seller’s obligations hereunder.
Once the Project has achieved its Initial Delivery Date, Buyer shall pay Seller a monthly energy payment determined in accordance with the calculations set forth in Appendix 9.3 (the “Monthly Energy Payment”).
If Seller satisfies the conditions precedent set forth in Section 2.8 for the Initial Delivery Date prior to the applicable Guaranteed Initial Delivery Date, then such earlier date shall be the Initial Delivery Date under this Agreement; provided, however, in no event shall the Initial Delivery Date occur any earlier than [_____] without Buyer’s prior written consent.