Development Security definition

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

Development Security has the meaning set forth in Section 3.06.

Development Security means the collateral required under Section 7.01.

Examples of Development Security in a sentence

• The Project Development Security (or portion thereof) due to Seller shall be returned to Seller within five (5) Business Days of Buyer’s receipt and acceptance of the Delivery Term Security unless, with Buyer’s consent, Seller elects to apply the Project Development Security posted pursuant to Section 10.4(a)(i) toward the Delivery Term Security posted pursuant to Section 10.4(a)(ii).

• Upon Seller’s posting of the Delivery Term Security, all accrued interest on the unused portion of Project Development Security shall be transferred from Buyer to Seller in the form of cash by wire transfer to the bank account specified under “Wire Transfer” in the Cover Sheet (Notices List).

• If Delay Damages are due, then Buyer shall provide Notice to Seller of the amounts due and Buyer may draw such amounts due from the Project Development Security, provided that if the Project Development Security is not adequate to compensate Buyer for Delay Damages, Buyer shall invoice Seller for the amount still owed to Buyer on a monthly basis during the period of the delay.

• If after the Initial Energy Delivery Date no damages are due and owing to Buyer under this Agreement, then Seller shall no longer be required to maintain the Project Development Security, and Buyer shall return to Seller the Project Development Security, less the amounts drawn in accordance with Section 8.4(b).

• If, after the Initial Delivery Date, no damages are due and owing to Buyer under this Agreement, then Seller will no longer be required to maintain the Project Development Security, and Buyer shall return to Seller the Project Development Security, less any amounts drawn in accordance with Section 2.4(a).

More Definitions of Development Security

Development Security has the meaning set forth in Section 4(b)(i) of Exhibit F. “Disclosure Order” has the meaning set forth in Section 9.10(b).

Development Security has the meaning set forth in Section 4(b)(i) of Exhibit F.

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

Development Security has the meaning set forth in Section 9.1.

Development Security means (i) cash or (ii) a Letter of Credit in the amount specified on the Cover Sheet, deposited with Buyer in conformance with Section 8.7.

Development Security shall have the definition set forth in the Power Purchase Agreement.

Development Security shall have the meaning set forth in Clause 6.1.1; “Dispute” shall have the meaning set forth in Clause 19.1;