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 ($ .00) [insert dollar amount equal to the greater of (a) $125.00/kW multiplied by the Design Dmax (in kW) or (b) ten percent (10%) of the sum of the highest estimated Monthly Fixed Payments for any thirty- six (36) month period during the Delivery Term] and in the form of [specify 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 12.4(a)(i) toward the Delivery Term Security posted pursuant to this Section 12.4(a)(ii).

Delivery Term Security. Prior to the Initial Delivery Date, Seller shall post Delivery Term Security in the amount equal to ___________________ dollars ($ .00$____________) [insert dollar amount equal to the greater of (a) $125.0040/kW multiplied by the Design Dmax (in kW) Payment Quantity or (b) ten percent (10%) % of the sum of the highest estimated Monthly Fixed Payments product of Payment Quantity multiplied by the Contract Price for any thirty- six (36) 36 consecutive month period during the Delivery Term] and in the form of [specify cashcash via wire transfer in immediately available funds, Letter of Credit, or Guaranty]; , provided that, with Buyer’s consent, Seller may elect to apply the Project Development Security posted pursuant to Section 12.4(a)(i10.4(a)(i) toward the Delivery Term Security posted pursuant to this Section 12.4(a)(ii10.4(a)(ii).

Delivery Term Security. Prior to the Initial Delivery Date, Seller shall post Delivery Term Security in the amount equal to _________ dollars ($ $__.00) [insert dollar amount equal to the greater of (a) $125.00/kW multiplied by the Design Dmax (in kW) or (b) ten percent (10%) of the sum of the highest estimated Monthly Fixed Payments for any thirty- six (36) month period during the Delivery Term] and in the form of [specify cash, cash or Letter of Credit, or Guaranty]; provided that, with Buyer’s consent, Seller may elect to apply the Project Development Security posted pursuant to Section 12.4(a)(i) toward the Delivery Term Security posted pursuant to this Section 12.4(a)(ii).