Aggregate Drawdown Payment definition

Aggregate Drawdown Payment means, with respect to a Delivery Year, the amount equal to the sum of the Drawdown Payments due from Seller to Buyer across all Designated Systems under this Agreement for such Delivery Year pursuant to Section 4.2(c)(v)(A).
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Aggregate Drawdown Payment means, with respect to a Delivery Year, the amount due from Seller to Buyer for underperformance of REC Deliveries across all Designated Systems under this Agreement for such Delivery Year.” The definition of “Bankrupt” in Section 1.7 is amended by replacing “30 days” in clause (ii) with “60 days.” The following is added as Section 1.10.1:
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Aggregate Drawdown Payment means, with respect to a Delivery Year, the amount equal to the sum of the Drawdown Payments due from Seller to Buyer across all Designated Systems
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Examples of Aggregate Drawdown Payment in a sentence

  • If the Aggregate Drawdown Payment is equal to or greater than $5,000, a list of the Drawdown Payment amounts by Designated System shall be provided by the IPA to Buyer.

  • If the Aggregate Drawdown Payment is less than $5,000, the IPA will track such amount and add such amount to the Aggregate Drawdown Payment for the subsequent Delivery Year or Delivery Years until the earlier of: the last Delivery Year or such time when the Aggregate Drawdown Payment is at least $5,000.

  • Based on the list provided by the IPA, Buyer shall inform Seller of the Aggregate Drawdown Payment (including any Drawdown Payment pursuant to Section 5.2(c)(iv) and any Drawdown Payment pursuant to Section 5.2(d)) by written notice.

Related to Aggregate Drawdown Payment

  • Maximum Advance Amount shall not exceed Five Hundred Thousand Dollars ($500,000) or two hundred (200%) percent of the average daily volume based on the trailing ten (10) days preceding the Drawdown Notice date whichever is of a larger value.