Common use of Delivery Term Security Clause in Contracts

Delivery Term Security. Prior to the Initial Delivery Date, Seller shall post Delivery Term Security in the amount equal to ___________________ dollars ($____________) [insert dollar amount equal to the greater of $40/kW multiplied by the Payment Quantity or 10% of the sum of the highest estimated Monthly Payments for any 36 month period during the Delivery Term] and in the form of cash, Letter of Credit, or Guaranty provided that, with ▇▇▇▇▇’s consent, Seller may elect to apply the Project Development Security posted pursuant to Section 10.4(a)(i) toward the Delivery Term Security posted pursuant to this Section 10.4(a)(ii).

Appears in 3 contracts

Sources: Long Term Resource Adequacy Agreement, Long Term Resource Adequacy Agreement, Long Term Resource Adequacy Agreement

Delivery Term Security. Prior to the Initial Delivery Date, Seller shall post Delivery Term Security in the amount equal to ___________________ dollars ($____________) [insert dollar amount equal to the greater of $40/kW multiplied by the Payment Quantity or 10% of the sum of the highest estimated Monthly Payments for any 36 consecutive month period during the Delivery Term] and in the form of cash, Letter of Credit, or Guaranty provided that, with ▇▇▇▇▇’s consent, Seller may elect to apply the Project Development Security posted pursuant to Section 10.4(a)(i) toward the Delivery Term Security posted pursuant to this Section 10.4(a)(ii).

Appears in 2 contracts

Sources: Long Term Resource Adequacy Agreement, Long Term Resource Adequacy Agreement

Delivery Term Security. Prior to the Initial Delivery Date, Seller shall post Delivery Term Security in the amount equal to ___________________ dollars ($____________) [insert dollar amount equal to the greater of $40125/kW multiplied by the Payment Quantity or 10% of the sum of the highest estimated Monthly Capacity Payments for any 36 month period during the Delivery Term] and in the form of cash, or Letter of Credit, or Guaranty Credit provided that, with ▇▇▇▇▇’s consent, Seller may elect to apply the Project Development Security posted pursuant to Section 10.4(a)(i11.4(a)(i) toward the Delivery Term Security posted pursuant to this Section 10.4(a)(ii11.4(a)(ii).

Appears in 2 contracts

Sources: Capacity Storage Agreement, Capacity Storage Agreement

Delivery Term Security. Prior to the Initial Delivery Date, Seller shall post Delivery Term Security in the amount equal to ___________________ dollars ($____________) [insert dollar amount equal to the greater of $40/kW multiplied by the Payment Quantity or 10% of the sum of the highest estimated Monthly Payments for any 36 month period during the Delivery Term] and in the form of cash, Letter of Credit, or Guaranty provided that, with ▇▇▇▇▇’s consent, Seller may elect to apply the Project Development Security posted pursuant to Section 10.4(a)(i11.4(a)(i) toward the Delivery Term Security posted pursuant to this Section 10.4(a)(ii11.4(a)(ii).

Appears in 2 contracts

Sources: Resource Adequacy Agreement, Resource Adequacy Agreement

Delivery Term Security. Prior to the Initial Delivery Date, Seller shall post Delivery Term Security in the amount equal to ___________________ dollars ($____________) [insert dollar amount equal to the greater of $40125/kW multiplied by the Payment Quantity or 10% of the sum of the highest estimated Monthly Payments for any 36 month period during the Delivery Term] and in the form of cash, or Letter of Credit, or Guaranty Credit provided that, with ▇▇▇▇▇Buyer’s consent, Seller may elect to apply the Project Development Security posted pursuant to Section 10.4(a)(i) toward the Delivery Term Security posted pursuant to this Section 10.4(a)(ii).

Appears in 2 contracts

Sources: Capacity Storage Agreement, Capacity Storage Agreement

Delivery Term Security. Prior to the Initial Delivery Date, Seller shall post Delivery Term Security in the amount equal to ___________________ dollars ($____________) [insert dollar amount equal to the greater of $40/kW multiplied by the Payment Quantity or 10% of the sum of the highest estimated Monthly Payments for any 36 consecutive month period during the Delivery Term] and in the form of cashcash via wire transfer in immediately available funds, Letter of Credit, or Guaranty Guaranty, provided that, with ▇▇▇▇▇Buyer’s consent, Seller may elect to apply the Project Development Security posted pursuant to Section 10.4(a)(i) toward the Delivery Term Security posted pursuant to this Section 10.4(a)(ii).

Appears in 2 contracts

Sources: Long Term Resource Adequacy Agreement, Long Term Resource Adequacy Agreement

Delivery Term Security. Prior to the Initial Delivery Date, Seller shall post Delivery Term Security in the amount equal to ___________________ dollars ($____________$ ) [insert dollar amount equal to the greater of $40/kW multiplied by the Payment Quantity or 10% of the sum of the highest estimated Monthly Payments for any 36 month period during the Delivery Term] and in the form of cash, Letter of Credit, or Guaranty provided that, with ▇▇▇▇▇Buyer’s consent, Seller may elect to apply the Project Development Security posted pursuant to Section 10.4(a)(i) toward the Delivery Term Security posted pursuant to this Section 10.4(a)(ii).

Appears in 1 contract

Sources: Long Term Resource Adequacy Agreement

Delivery Term Security. Prior to the Initial Delivery Date, Seller shall post Delivery Term Security in the amount equal to ___________________ dollars ($____________) [insert dollar amount equal to the greater of $40/kW multiplied by the Payment Quantity or 10% of the sum of the highest estimated Monthly Payments for any 36 month period during the Delivery Term] and in the form of cash, Letter of Credit, or Guaranty provided that, with ▇▇Bu▇▇▇’s consent, Seller may elect to apply the Project Development Security posted pursuant to Section 10.4(a)(i) toward the Delivery Term Security posted pursuant to this Section 10.4(a)(ii).

Appears in 1 contract

Sources: Long Term Resource Adequacy Agreement

Delivery Term Security. Prior to the Initial Delivery Date, Seller shall post Delivery Term Security in the amount equal to ___________________ dollars ($____________) [insert dollar amount equal to the greater of $40125/kW multiplied by the Payment Quantity or 10% of the sum of the highest estimated Monthly Capacity Payments for any 36 month period during the Delivery Term] and in the form of cash, or Letter of Credit, or Guaranty Credit provided that, with ▇▇▇▇▇Buyer’s consent, Seller may elect to apply the Project Development Security posted pursuant to Section 10.4(a)(i) toward the Delivery Term Security posted pursuant to this Section 10.4(a)(ii).

Appears in 1 contract

Sources: Capacity Storage Agreement

Delivery Term Security. Prior to the Initial Delivery Date, Seller shall post Delivery Term Security in the amount equal to ___________________ dollars ($____________) [insert dollar amount equal to the greater of $40125/kW multiplied by the Payment Quantity or 10% of the sum of the highest estimated Monthly Capacity Payments for any 36 month period during the Delivery Term] and in the form of cash, or Letter of Credit, or Guaranty Credit provided that, with ▇▇▇▇▇’s consent, Seller may elect to apply the Project Development Security posted pursuant to Section 10.4(a)(i) toward the Delivery Term Security posted pursuant to this Section 10.4(a)(ii).

Appears in 1 contract

Sources: Capacity Storage Agreement

Delivery Term Security. Prior to the Initial Delivery Date, Seller shall post Delivery Term Security in the amount equal to ___________________ dollars ($____________) [insert dollar amount equal to the greater of $40125/kW multiplied by the Payment Quantity or 10% of the sum of the highest estimated Monthly Payments for any 36 month period during the Delivery Term] and in the form of cash, Letter of Credit, or Guaranty provided that, with ▇▇▇▇▇’s consent, Seller may elect to apply the Project Development Security posted pursuant to Section 10.4(a)(i) toward the Delivery Term Security posted pursuant to this Section 10.4(a)(ii).

Appears in 1 contract

Sources: Energy Storage Resource Adequacy Agreement

Delivery Term Security. Prior to the Initial Delivery Date, Seller shall post Delivery Term Security in the amount equal to ___________________ dollars ($____________) [insert dollar amount equal to the greater of $40/kW multiplied by the Payment Quantity or 10% of the sum of the highest estimated Monthly Payments for any 36 consecutive month period during the Delivery Term] and in the form of cash, Letter of Credit, or Guaranty Guaranty, provided that, with ▇▇▇▇▇’s consent, Seller may elect to apply the Project Development Security posted pursuant to Section 10.4(a)(i) toward the Delivery Term Security posted pursuant to this Section 10.4(a)(ii).

Appears in 1 contract

Sources: Long Term Resource Adequacy Agreement

Delivery Term Security. Prior to the Initial Delivery Date, Seller shall post Delivery Term Security in the amount equal to ___________________ dollars ($____________) [insert dollar amount equal to the greater of $40125/kW multiplied by the Payment Quantity or 10% of the sum of the highest estimated Monthly Payments for any 36 month period during the Delivery Term] and in the form of cash, Letter of Credit, or Guaranty provided that, with ▇▇▇▇▇’s consent, Seller may elect to apply the Project Development Security posted pursuant to Section 10.4(a)(i11.4(a)(i) toward the Delivery Term Security posted pursuant to this Section 10.4(a)(ii11.4(a)(ii).

Appears in 1 contract

Sources: Capacity Storage Agreement

Delivery Term Security. Prior to the Initial Delivery Date, Seller shall post Delivery Term Security in the amount equal to ___________________ dollars ($____________$ ) [insert dollar amount equal to the greater of $40/kW multiplied by the Payment Quantity or 10% of the sum of the highest estimated Monthly Payments for any 36 month period during the Delivery Term] and in the form of cash, Letter of Credit, or Guaranty provided that, with ▇▇▇▇▇Buyer’s consent, Seller may elect to apply the Project Development Security posted pursuant to Section 10.4(a)(i11.4(a)(i) toward the Delivery Term Security posted pursuant to this Section 10.4(a)(ii11.4(a)(ii).

Appears in 1 contract

Sources: Resource Adequacy Agreement

Delivery Term Security. Prior to the Initial Delivery Date, Seller shall post Delivery Term Security in the amount equal to ___________________ dollars ($____________) [insert dollar amount equal to the greater of $40/kW multiplied by the Payment Quantity or 10% of the sum of the highest estimated Monthly Payments for any 36 consecutive month period during the Delivery Term] and in the form of cash, Letter of Credit, or Guaranty provided that, with ▇▇▇▇▇’s consent, Seller may elect to apply the Project Development Security posted pursuant to Section 10.4(a)(i11.4(a)(i) toward the Delivery Term Security posted pursuant to this Section 10.4(a)(ii11.4(a)(ii).

Appears in 1 contract

Sources: Resource Adequacy Agreement