Common use of Return of Performance Assurance Clause in Contracts

Return of Performance Assurance. (i) Buyer shall promptly return to Seller the unused portion of the Development Period Security after the earlier of (A) the date on which Seller has delivered the Construction Period Security, and (B) termination of the Agreement by Buyer or Seller where the Development Period Security is to be returned to Seller as described in Section 2.4(b)(ii).

Appears in 2 contracts

Samples: Power Purchase Agreement, Power Purchase Agreement

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Return of Performance Assurance. (i) Buyer i)Buyer shall promptly return to Seller the unused portion of the Development Period Security after the earlier of (A) the date on which Seller has delivered the Construction Period Delivery Term Security, and (B) termination of the Agreement by Buyer or Seller where the Development Period Security is to be returned to Seller as described in under Section 2.4(b)(ii2.4(b).

Appears in 1 contract

Samples: Ram Power Purchase Agreement

Return of Performance Assurance. (i) Buyer i)Buyer shall promptly return to Seller the unused portion of the Development Period Security after the earlier of (A) the date on which Seller has delivered the Construction Period Delivery Term Security, and (B) termination of the Agreement by Buyer or Seller where under the Development Period Security is to be returned to Seller as circumstances described in Section 2.4(b)(ii)2.4(b) in which the Delivery Term Security is required to be returned.

Appears in 1 contract

Samples: Ram Power Purchase Agreement

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Return of Performance Assurance. (i) Buyer shall promptly return to Seller the unused portion of the Development Period Security after the earlier of (A) the date on which Seller has delivered the Construction Period Security, and (B) termination of the Agreement by Buyer or Seller where the Development Period Security is to be returned to Seller as described in either Party under Section 2.4(b)(ii).

Appears in 1 contract

Samples: Power Purchase Agreement

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