Contract Savings Guaranty Amount definition

Contract Savings Guaranty Amount means the aggregate savings guaranteed by Seller to Buyer and the other Purchasing Utilities, which is equal to One Hundred Million Dollars ($100,000,000) in real 2010 dollars, from the purchase of Conforming SNG pursuant to this Agreement and the Other SNG Contracts with the other Purchasing Utilities over the Term, which aggregate savings amount shall be prorated if this Agreement is terminated earlier than the thirtieth (30th) anniversary of the Commercial Production Date.
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Contract Savings Guaranty Amount means the aggregate savings guaranteed by Seller to Buyer under this Agreement ,which is equal to One Hundred Million Dollars ($100,000,000) in real 2008 dollars, from Buyer's purchase of Conforming SNG pursuant to this Agreement over the Primary Term and any Shortfall Term, which aggregate savings amount shall be prorated if this Agreement is terminated earlier than the thirtieth (30th) anniversary of the Commercial Production Date; provided that in the case of any termination of this Agreement prior to the expiration of the Primary Term, Buyer's claims against Seller for any such savings amount shall be subordinated to the rights of the lenders to be repaid in full for all amounts owing in connection with the DOE Guaranteed Financing. The Contract Savings Guaranty Amount shall be increased on a dollar for dollar basis for any Net Incremental Revenue not used to reduce the Base Contract Price as the result of a Debt Service Shortfall, as provided in Section 5.4(b) (Limitation on Adjustments) only to the extent Seller has not refunded Buyer for any such Debt Service Shortfall pursuant to Section 9.3 (Payment Due Date).
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Examples of Contract Savings Guaranty Amount in a sentence

  • Over the course of the Primary Term, Seller guarantees that Buyer will realize the Contract Savings Guaranty Amount.

  • The Mortgage and Security Agreement granted in favor of Buyer under this Agreement shall be granted in favor of Buyer (or to a collateral agent acting on its behalf) solely to secure the Contract Savings Guaranty Amount existing as of the end of the Primary Term (or the earlier date of expiration of this Agreement, subject to the senior prior rights of the DOE).

Related to Contract Savings Guaranty Amount

  • a guaranteed income payment means a payment made under article 15(1)(c) (injury benefits) or 29(1)(a) (death benefits) of the Armed Forces and Reserve Forces (Compensation Scheme) Order 2011;

  • Guaranteed Cash Management Agreement means any Cash Management Agreement that is entered into by and between any Loan Party and any Cash Management Bank.

  • guarantee contract means a contract entered into by a person as guarantor;

  • Deactivation Avoidable Cost Credit means the credit paid to Generation Owners pursuant to Tariff, Part V, section 114. Deactivation Avoidable Cost Rate:

  • Holdings Guaranty means the Holdings Guaranty made by Holdings in favor of the Administrative Agent on behalf of the Secured Parties, substantially in the form of Exhibit F-1.

  • Subsidiary Guaranty Agreement means each unconditional guaranty agreement executed by the Subsidiary Guarantors in favor of the Administrative Agent for the ratable benefit of the Secured Parties, substantially in the form of Exhibit H, as amended, restated, supplemented or otherwise modified from time to time.

  • Guaranteed Energy Production or “GEP” has the meaning set forth in Section 3.1(e)(ii).

  • Performance Guarantee means the security to be provided by the Contractor in accordance with Sub Clause 10.1 for the due performance of the Contract.

  • Guaranty means, with respect to any Person, any obligation (except the endorsement in the ordinary course of business of negotiable instruments for deposit or collection) of such Person guaranteeing or in effect guaranteeing any indebtedness, dividend or other obligation of any other Person in any manner, whether directly or indirectly, including (without limitation) obligations incurred through an agreement, contingent or otherwise, by such Person:

  • Loan Guaranty means Article X of this Agreement.

  • Seller Guaranty has the meaning set forth in Section 3.01.

  • Guaranty Agreement means an agreement executed by the Guarantors in substantially the form of Exhibit F unconditionally guarantying, on a joint and several basis, payment of the Indebtedness, as the same may be amended, modified or supplemented from time to time.

  • Guaranty Obligation has the meaning specified in the definition of "Contingent Obligation."

  • Subsidiary Guaranty means, collectively, the Subsidiary Guaranty made by the Subsidiary Guarantors in favor of the Collateral Agent on behalf of the Secured Parties, substantially in the form of Exhibit F-2, together with each other Guaranty and Guaranty supplement delivered pursuant to Section 6.12.

  • Canadian Guaranty means a Corporate Guaranty provided by an Affiliate of a Participant that is domiciled in Canada, and meets all of the provisions of Tariff, Attachment Q.