Payment of Daily Delay Damages. Company shall draw upon the Development Period Security on a monthly basis for payment of the total Daily Delay Damages incurred by Seller during the preceding calendar month. If the Development Period Security is at any time insufficient to pay the amount of the draw to which Company is then entitled, Seller shall pay any such deficiency to Company promptly upon demand.
Appears in 37 contracts
Samples: Energy Storage Power Purchase Agreement, Power Purchase Agreement, Energy Storage Power Purchase Agreement
Payment of Daily Delay Damages. Company shall draw upon the Development Period Security on a monthly basis for payment of the total Daily Delay Damages incurred by Seller during the preceding calendar month. If the Development Period Security is at any time insufficient to pay the amount of the draw to which Company is then entitled, Seller shall pay any such deficiency to Company promptly upon demand.demand.β
Appears in 1 contract
Samples: Power Purchase Agreement
Payment of Daily Delay Damages. Company shall draw upon the Development Period Security on a monthly basis for payment of the total Daily Delay Damages incurred by Seller Subscriber Organization during the preceding calendar month. If the Development Period Security is at any time insufficient to pay the amount of the draw to which Company is then entitled, Seller Subscriber Organization shall pay any such deficiency to Company promptly upon demand.
Appears in 1 contract
Samples: Cbre Power Purchase Agreement
