Common use of Use of Project Development Security Clause in Contracts

Use of Project Development Security. Xxxxx is entitled to draw upon the Project Development Security posted by Seller for Delay Damages in accordance with Section 2.4(a) until such time as the Project Development Security is exhausted. Xxxxx is also entitled to draw upon the Project Development Security for any damages arising upon Xxxxx’s declaration of an Early Termination Date in accordance with Section 7.2(b).

Appears in 10 contracts

Samples: Guaranty Agreement, Long Term Resource Adequacy Agreement, Consent and Agreement

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Use of Project Development Security. Xxxxx is entitled to draw upon the Project Development Security posted by Seller for Delay Damages in accordance with Section 2.4(a) until such time as the Project Development Security is exhausted. Xxxxx is also entitled to draw upon the Project Development Security for any damages arising upon Xxxxx’s declaration of an Early Termination Date in accordance with Section 7.2(b8.2(b).

Appears in 7 contracts

Samples: Resource Adequacy Agreement, Consent and Agreement, Financing Consent and Agreement

Use of Project Development Security. Xxxxx is entitled to draw upon the Project Development Security posted by Seller for Delay Damages Xxxxx Xxxxxxx in accordance with Section 2.4(a) Article One until such time as the Project Development Security is exhausted. Xxxxx is also entitled to draw upon the Project Development Security for any damages arising upon Xxxxx’s declaration of an Early Termination Date in accordance with Section 7.2(b).

Appears in 7 contracts

Samples: Distribution Services Agreement, Consent and Agreement, Consent and Agreement

Use of Project Development Security. Xxxxx is entitled to draw upon the Project Development Security posted by Seller for Delay Damages Xxxxx Xxxxxxx in accordance with Section 2.4(a) Article One until such time as the Project Development Security is exhausted. Xxxxx is also entitled to draw upon the Project Development Security for any damages arising upon Xxxxx’s declaration of an Early Termination Date in accordance with Section 7.2(b).

Appears in 5 contracts

Samples: Distribution Services Agreement, Information Agreement, Distribution Services Agreement

Use of Project Development Security. Xxxxx Buyer is entitled to draw upon the Project Development Security posted by Seller for Delay Damages in accordance with Section 2.4(a(a) until such time as the Project Development Security is exhausted. Xxxxx is also entitled to draw upon the Project Development Security for any damages arising upon Xxxxx’s declaration of an Early Termination Date in accordance with Section 7.2(b(b).

Appears in 4 contracts

Samples: Guaranty Agreement, Guaranty Agreement, Guaranty Agreement

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Use of Project Development Security. Xxxxx is entitled to draw upon the Project Development Security posted by Seller for Delay Damages in accordance with Section 2.4(a) until such time as the Project Development Security is exhausted. Xxxxx is also entitled to draw upon the Project Development Security for any damages arising upon Xxxxx’s declaration of an Early Termination Date in accordance with Section 7.2(b).

Appears in 2 contracts

Samples: Distribution Services Agreement, Distribution Services Agreement

Use of Project Development Security. Xxxxx is entitled to draw upon the Project Development Security posted by Seller for Delay Damages in accordance with Section 2.4(aTwo.4(a) until such time as the Project Development Security is exhausted. Xxxxx is also entitled to draw upon the Project Development Security for any damages arising upon Xxxxx’s declaration of an Early Termination Date in accordance with Section 7.2(bSeven.2(b).

Appears in 1 contract

Samples: Guaranty Agreement

Use of Project Development Security. Xxxxx is entitled to draw upon the Project Development Security posted by Seller for Delay Damages in accordance with Section 2.4(a13.2(a) until such time as the Project Development Security is exhausted. Xxxxx is also entitled to draw upon the Project Development Security for any damages arising upon Xxxxx’s declaration of an Early Termination Date in accordance with Section 7.2(b4.2(b).

Appears in 1 contract

Samples: Consent and Agreement

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