Delay LDs definition
Examples of Delay LDs in a sentence
If this Agreement is terminated pursuant to this Section 3.3.7, neither Party shall have any liability to the other Party whatsoever (including liability for previously accrued Delay LDs or Capacity Charges, but excluding liability in respect of Delay Book Out Charges and interest accrued on the DLD Escrow at the Default Rate).
The Seller shall pay any COD Delay LDs owing by the Seller to the Buyer within 30 days following the date specified in paragraph (b) above.
Delay LDs shall be offset against Capacity Charges as they come due.
Upon acceptance and payment of the Delay Book Out Charge by Seller, Seller shall be released from any liability for Delay LDs for the first seven (7) days of the Commercial Operations Delay Period and the Target COD shall be delayed by seven (7) days for all purposes other than initiation of Capacity Charges.
Immediately upon Seller's receipt of the quoted Delay Book Out Charge, Seller shall notify Buyer as to whether Seller elects to pay Delay LDs, provide Replacement Power, request Buyer to procure Substitute Power or accept the Delay Book Out Charge (the "Delay Election").