Delivery Date Security definition

Delivery Date Security means the aggregate of the Application Security and the Contract Approval Security.
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Delivery Date Security has the meaning set forth in Section 13.02(a).
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Delivery Date Security means (i) for the period beginning on receipt of CPUC Approval and ending on August 31, 2012, a sum equal to $12,400,000 (determined using $20,000 per MW times 620 MWs), (ii) for the period beginning on September 1, 2012 and ending on June 30, 2013, a sum equal to
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Examples of Delivery Date Security in a sentence

  • As of the date on which the Contract Approval Security is due Seller shall deliver to Buyer Collateral equal to the amount of the Delivery Date Security, and thereafter maintain with Buyer Collateral in the amount of the Delivery Date Security until the first business day following the first Posting Deadline (as defined in the following paragraph).

  • The “Pre-COD Settlement Amount” shall be $20,000 per MW multiplied by the Maximum Contract Capacity if the Event of Default occurs prior to the end of the third full month following the Effective Date, and shall thereafter increase by $4,000 per MW (multiplied by the Maximum Contract Capacity) each calendar month, but shall not exceed 100% of the Delivery Date Security.

  • If such amounts are due, then Buyer shall provide Notice to Seller of the amounts due and deduct such amounts due from the Delivery Date Security.

  • As of the Execution Date Seller shall deliver to Buyer, and thereafter maintain with Buyer until such time as Seller delivers the Delivery Date Security, Collateral in the amount of the Application Security.

  • In the event that the Delivery Date Security or any portion thereof is drawn by Buyer, Seller shall not be obligated to replenish the amount drawn.

  • If Seller achieves an Initial Delivery Date for the Project by the Expected Initial Delivery Date, SCE shall return to Seller the entire amount of the Delivery Date Security held by SCE.

  • They probably would meet the five criteria laid down in Grainger plc v Nicholson [2010] IRLR 4.

  • SCE shall be entitled to immediately retain for its own benefit those funds held as Delivery Date Security, and any amount of Delivery Date Security that Seller has not yet posted with SCE will be immediately due and payable by Seller to SCE.

  • Within five (5) Business Days following the Initial Delivery Date, or upon termination of this Agreement pursuant to Section 2.02 or Section 4.02, SCE shall return to Seller the Delivery Date Security, less any Daily Delay Damages SCE has retained if the Initial Delivery Date is after the Expected Initial Delivery Date.

  • If Seller is the Defaulting Party, then the Termination Payment shall be owed to SCE and shall be equal to the entire Delivery Date Security amount.


More Definitions of Delivery Date Security

Delivery Date Security has the meaning set forth in Section 4.1(a).
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Related to Delivery Date Security

  • First Delivery Date means the first date by which the commodity for a Futures Contract can be delivered in order for the terms of the Futures Contract to be fulfilled.

  • Delivery Date means the date or dates specified in the Purchase Order by which the Supplier is required to deliver the Work.

  • Closing Date Certificate means a Closing Date Certificate substantially in the form of Exhibit G-1.

  • Private Certificate As specified in the Preliminary Statement.

  • Delivery Date(s) means the date or dates requested for delivery of Products as set forth in any Order.

  • Fixed Rate Certificate A Certificate that provides for a payment of interest at a Fixed Pass-Through Rate.

  • Scheduled Delivery Date means the Date on which the Seller is required to start delivering the power at the Delivery Point as per the terms and conditions of the PPA;

  • Delay Delivery Certification As defined in Section 2.02(a) hereof.

  • Note Certificate means a certificate issued to each Registered Holder in respect of its registered holding of Notes;

  • Advance Request Form means a certificate, in a form approved by Lender, properly completed and signed by Borrower requesting a Revolving Credit Advance.

  • Delivery Day means a day other than a Saturday, a Sunday or any other day on which national banking associations are authorized to be closed. Any party may change its address for purposes of the receipt of notices and demands by giving notice of the change in the manner provided in this provision.

  • Conversion to Fixed Interest Rate With respect to each Adjustable Rate Mortgage Loan, the Mortgage Loan is not a Convertible Mortgage Loan;

  • Delay Delivery Mortgage Loans The Mortgage Loans for which all or a portion of a related Mortgage File is not delivered to the Trustee or to the Custodian on its behalf on the Closing Date. The number of Delay Delivery Mortgage Loans shall not exceed 25% of the aggregate number of Mortgage Loans as of the Closing Date.

  • Underlying Note means the one or more promissory notes executed by an obligor evidencing a Loan.

  • Delivery Condition has the meaning set forth in Section 2.1.

  • Share Delivery Date shall have the meaning set forth in Section 4(c)(ii).

  • Type Certificate has the meaning set out in Clause 7.1.

  • Preliminary Purchase Price has the meaning set forth in Section 2.02.

  • Additional Purchase Price has the meaning provided in Section 1.2(b).

  • Floating Rate Certificate A Certificate that provides for the payment of interest at a Floating Pass-Through Rate determined periodically by reference to a formula specified in the related Supplement.

  • Merchandise certificate means a writing not redeemable in cash and usable in its face amount in lieu of cash in exchange for goods or services.

  • Buyer Certificate means a certificate to the effect that each of the conditions specified in clauses (a) through (c) (insofar as clause (c) relates to Legal Proceedings involving the Buyer) of Section 5.2 is satisfied in all respects.

  • Pricing Certificate means a certificate in the form of Exhibit E, properly completed and signed by a Senior Officer or his or her designated representative of Borrower.

  • Purchase Confirmation A letter agreement, substantially in the form of Exhibit B hereto, executed by Countrywide and the Purchaser in connection with the purchase and sale of each Mortgage Loan Package, which sets forth the terms relating thereto including a description of the related Mortgage Loans (including the Mortgage Loan Schedule), the purchase price for such Mortgage Loans, the Closing Date and the Servicing Fee Rate.

  • Termination Delivery Unit means (a) in the case of a Termination Event, an Event of Default or an Extraordinary Event (other than an Insolvency, Nationalization or Merger Event), one Share or (b) in the case of an Insolvency, Nationalization or Merger Event, a unit consisting of the number or amount of each type of property received by a holder of one Share (without consideration of any requirement to pay cash or other consideration in lieu of fractional amounts of any securities) in such Insolvency, Nationalization or Merger Event. If a Termination Delivery Unit consists of property other than cash or New Shares and Counterparty provides irrevocable written notice to the Calculation Agent on or prior to the Closing Date that it elects to receive cash, New Shares or a combination thereof (in such proportion as Counterparty designates) in lieu of such other property, the Calculation Agent shall replace such property with cash, New Shares or a combination thereof as components of a Termination Delivery Unit in such amounts, as determined by the Calculation Agent in its discretion by commercially reasonable means, as shall have a value equal to the value of the property so replaced. If such Insolvency, Nationalization or Merger Event involves a choice of consideration to be received by holders, such holder shall be deemed to have elected to receive the maximum possible amount of cash.

  • Warrant Share Delivery Date shall have the meaning set forth in Section 2(d)(i).