Performance Guarantee Deposit. On the Effective Date, Seller shall post a Cash deposit in the amount of fifteen dollars ($15.00) for a Small Distributed Generation Project 2 or twenty-five dollars ($25.00) for a Large Distributed Generation Project multiplied by the Projected Annual Energy Output (measured in MWh) for the first Contract Year (“Performance Guarantee Deposit”); provided that in no event will the Performance Guarantee Deposit be less than five hundred dollars ($500) or more than seventy- five thousand dollars ($75,000). Buyer shall return a portion of the Performance Guarantee Deposit quarterly during the first Contract Year pro rata based on the actual Energy Delivered to Buyer during such quarter compared to the total Projected Annual Energy Output for the first Contract Year. Any Performance Guarantee Deposit remaining at the conclusion of the first Contract Year shall be forfeited to Buyer. Each Party agrees and acknowledges that (i) the damages that the Parties would incur due to a failure of the Facility to achieve the Projected Annual Energy Output in the first Contract Year would be difficult or impossible to predict with certainty, and (ii) it is impractical and difficult to assess actual damages in the circumstances stated, and therefore retention of all or a portion of the Performance Guarantee Deposit as agreed to by the Parties and set forth herein is a fair and reasonable calculation of such damages.
Performance Guarantee Deposit. (PGD) @Rs 10 lakh/MW shall be raised in two years by deducting from payments to SPDs in 24 equal instalments. It will stay with NTPC for 25 years. PGD shall be refunded to SPDs without interest within three (3) months after expiry of 25 year term of PPA subject to satisfactory performance of the project. In case the SPD winds up his project or terminates PPA prior to completion of 25 year term of PPA the PGD shall be forfeited.
Performance Guarantee Deposit. On the Effective Date, Seller shall post a Cash deposit in the amount of fifteen dollars ($15.00) multiplied by the Projected Annual Energy Output (measured in MWh) for the first Contract Year (“Performance Guarantee Deposit”); provided that in no event will the Performance Guarantee Deposit be less than five hundred dollars ($500) or more than seventy-five thousand dollars ($75,000). Buyer shall return a portion of the Performance Guarantee Deposit quarterly during the first Contract Year pro rata based on the actual Energy Delivered to Buyer during such quarter compared to the total Projected Annual Energy Output for the first Contract Year. Any Performance Guarantee Deposit remaining at the conclusion of the first Contract Year shall be forfeited to Buyer.
Performance Guarantee Deposit. Concurrently with the Licensee’s execution of this License, Licensee shall deposit with the City the sum of $1,000 as a deposit for the performance of its obligations pursuant to this License ("Performance Guarantee Deposit"). If Licensee defaults on any of its obligations under this License, the City may, without prejudice to any other remedy it has, apply all or part of the Performance Guarantee Deposit to: (a) any amount that the City may spend to repair damage caused by Licensee or any of its employees or agents; or (b) any expense, loss, or damage that the City may suffer because of Licensee’s default. If the City applies all or part of the Performance Guarantee Deposit, and if the City does not elect to terminate this License, the Licensee shall provide the City with sufficient funds to restore the full amount of the Performance Guarantee Deposit within ten (10) days after demand by the City. The City shall not be required to keep the Performance Guarantee Deposit separate from its general accounts, nor shall the City be required to pay Licensee interest on it. If Licensee performs all of Licensee's obligations under this License, the Performance Guarantee Deposit, or as much of it as has not been applied previously by the City, shall be returned to Licensee at the expiration of the term of this License, after Licensee has vacated the License Area.
Performance Guarantee Deposit. Within [ ] days after this Agreement becomes effective, Party A shall transfer a performance guarantee deposit in the amount of [ ] to the account designated by Party B. Within [ ] days upon termination or expiration of this Agreement, Party B shall return such deposit, without any interest accrued, to Party A after deducting the outstanding amount payable by Party A under this Agreement.
Performance Guarantee Deposit. 3.5.1 At declaration of Commissioning of the Project, the SPD shall pay to SECI, a Performance Guarantee Deposit (PGD) @Rs. 10 lakhs/MW to enable SECI to declare COD. It shall stay with SECI for 25 years. The PGD shall be refunded to the SPD without interest within three months after expiry of the term of this Agreement subject to satisfactory performance of the Project.
Performance Guarantee Deposit. Is the Facility a Net Metered Facility: yes no If yes, attach completed Schedule B, Appendix A of R.I.P.U.C. Tariff No. 2075, The Narragansett Electric Company Net Metering Provision: Information Required for Application of Renewable Net Metering and Excess Renewable Net Metering Credits. Seller’s Permits: Construction Permits Federal Permits Regulatory Authority(ies) State Permits Regulatory Authority(ies) Local/County Permits Regulatory Authority(ies) Operating Permits Federal Permits Regulatory Authority(ies) State Permits Regulatory Authority(ies) Local/County Permits Regulatory Authority(ies) Bundled Price per MWH: $ per MWh
Performance Guarantee Deposit. (a) Not later than 3:00 p.m. Central Daylight Time on the next Business Day (defined below) following the execution of this Agreement by Buyer and Seller, Buyer shall deposit with Xxxxx Fargo Bank, National Association (the “Escrow Agent”), in an interest-bearing escrow account, pursuant to the terms of an Escrow Agreement substantially in the form attached hereto as Exhibit D (the “Escrow Agreement”) a performance guarantee deposit in the amount of $5,000,000.00 (together with all accrued interest thereon, the “Deposit”). Seller and Buyer shall each be responsible for one-half of all fees and expenses associated with the Escrow Agreement.
Performance Guarantee Deposit. Upon execution of this contract, Party B shall submit the performance guarantee deposit at the amount of 20000 Yuan to Wendeng Sub-center of Weihai Public Resources Trading Center. The performance guarantee deposit would be returned to Party B without interest after Party B has completed the supply, installation and commissioning of the equipment and the inspection is completed successfully. The performance guarantee deposit would not be returned if Party B fails to fulfill or terminates this contract without consent from Party A or the contract contents could not be completed due to quality issues of equipment provided by Party B. In case of any breach by Party B, Party A would deduct 30% to 100% from the performance guarantee deposit according to the actual situations.
Performance Guarantee Deposit. Upon execution of this Agreement, Buyer shall deliver to the Escrow Agent by wire transfer a deposit, in cash, in the amount of $3,000,000 (the "Deposit") pursuant to the terms of the Escrow Agreement attached as Exhibit B. The Deposit, together with accrued interest less any applicable bank fees, shall be distributed by the Escrow Agent to the Sellers and credited to the Purchase Price at Closing, or if this Agreement is terminated, shall be distributed pursuant to Article IX.
