Decommissioning Assurance definition

Decommissioning Assurance means adequate financial assurance, either in the form attached hereto as Exhibit H or in such other form reasonably satisfactory to User, which may be a letter of credit, and in the amount set forth in Exhibit C-1 hereto that is established and thereafter maintained by Owner upon and after the Commercial Operation Date until the expiry of the period described in Section 3.7, to fully cover the cost of decommissioning the System and restoring the Premises as specified in the SLP.

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Decommissioning Assurance means financial security in the form of an escrow account, letter of credit, bond or other form of security reasonably acceptable to the Host, in a sufficient amount to cover removal of the Project from the Premises and restoring the Premises to substantially its pre-construction condition existing on the Commencement Date, ordinary wear and tear excepted, as certified by an engineer or other qualified professional registered to practice in the Commonwealth of Massachusetts.

Decommissioning Assurance means adequate financial assurance, in a form reasonably satisfactory to Lessor, that is established and thereafter maintained by Lessee upon and after the Commercial Operation Date, to fully cover the cost of decommissioning the System and restoring the Premises as specified in this Agreement. Depending on the circumstances, and subject to Lessor’s approval, appropriate forms of financial assurance may include, without limitation, an escrow fund, irrevocable letter of credit, surety bond or third party guaranty; provided, however, that any form of financial assurance must provide Lessor with adequate rights to access the Decommissioning Assurance in the event of Lessee’s failure to comply with its System removal and Premises restoration obligations under the Agreement.

Examples of Decommissioning Assurance in a sentence

If it is determined through the decommissioning plan that the cost of decommissioning shall exceed the above $1,000,000 Decommissioning Assurance, the Utility shall increase the Decommissioning Assurance to the expected cost of equipment removal, minus estimated salvage costs for the Project.
If it is determined through the decommissioning plan that the cost of decommissioning shall not exceed the above $1,000,000 Decommissioning Assurance, the Utility shall have the discretion to decrease the Decommissioning Assurance to an amount to be not less than the expected cost of equipment removal, minus estimated salvage costs for the Project.
Jefferson County shall hold the Decommissioning Assurance on behalf of the Town of Ixonia.
No later than the beginning of the nineteenth (19th) year of the Operations Period, Provider shall establish the Decommissioning Assurance, and shall se1ect the form and amount of such Decommissioning Assurance, subject to the approval of Host, not to be unreasonably withheld, conditioned or delayed.
Failure to timely establish and/or fund in accordance with this paragraph such Decommissioning Assurance shall constitute a Provider Event of Default, for which the Host shall be entitled to exercise any of the remedies for default afforded under Section 19.

More Definitions of Decommissioning Assurance

Decommissioning Assurance means financial security in the form of an escrow account, letter of credit, guaranty, bond or other form of security reasonably acceptable to Landlord to be established under this Agreement.

Decommissioning Assurance means adequate financial assurance, in the form funds to be held in the Deposit Control Account and in the amount set forth in Exhibit E hereto intended to fully cover the cost of decommissioning the PV System and restore the Premises as specified in Section 3.14.

Decommissioning Assurance means financial security in the form of an escrow account, bond or other form of security reasonably acceptable to Buyer to be established as provided in Section 4(h)(1) of this Agreement and to be in the cumulative amount of $.

Decommissioning Assurance means adequate financial assurance, in a form and amount reasonably satisfactory to Landlord and in accordance with the terms and conditions of any Governmental Approval and Applicable Legal Requirements, which is to be established by Tenant not later than the Commercial Operation Date and thereafter maintained continuously throughout the Term, to fully cover the cost of decommissioning the Solar PV System and restoring the Premises to its original condition and as

Decommissioning Assurance means adequate financial assurance, in a form reasonably satisfactory to User and in the amount set forth in Exhibit C hereto that is established and thereafter maintained by Owner upon and after the Commercial Operation Date, to fully cover the cost of decommissioning the System and restoring the Premises as specified in the SLP.

Decommissioning Assurance means financial security in the form of an escrow account, letter of credit, bond or other form of security reasonably acceptable to the Parties