Development Security definition

Development Security means (i) cash or (ii) a Letter of Credit in the amount set forth on the Cover Sheet.
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Development Security has the meaning set forth in Section 3.06.
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Development Security means the collateral required under Section 7.01.
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Examples of Development Security in a sentence

  • The requirements for collateral, described in detail in Section VII of the Solicitation Protocol, include posting Project Development Security after a PPA or PSA is executed and before Commercial Operation Date of the project, and posting Delivery Term Security for a PPA following the commencement of commercial operation.

  • PG&E viewed as nonconforming bids that failed to offer any Project Development Security or any Delivery Term Security.

  • Buyer shall pay interest on cash held as Project Development Security or Delivery Term Security, as applicable, at the Interest Rate; provided that, such interest shall be retained by Buyer until Seller posts the Delivery Term Security pursuant to Section 8.4(a)(ii).

  • If after the Initial Energy Delivery Date, no damages are due and owing to Buyer under this Agreement, then Seller shall no longer be required to maintain the Project Development Security, and Buyer shall return to Seller the Project Development Security, less the amounts drawn in accordance with Section 8.4(b).

  • If SCE terminates this Agreement pursuant to this Section 2.04(b), any amount of Development Security that Seller has not yet posted with SCE will be immediately due and payable by Seller to SCE.


More Definitions of Development Security

Development Security has the meaning set forth in Section 4(b)(i) of Exhibit F. “Disclosure Order” has the meaning set forth in Section 9.10(b).
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Development Security has the meaning set forth in Section 4(b)(i) of Exhibit F.
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Development Security has the meaning set forth in Section 9.1.
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Development Security means (i) cash or (ii) a Letter of Credit in the amount specified on the Cover Sheet, deposited with Buyer in conformance with Section 8.7.
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Development Security shall have the definition set forth in the Power Purchase Agreement.
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Development Security means (a) cash or (b) a Letter of Credit in the amount set forth on the Cover Sheet of the ESSA.
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Development Security shall have the meaning set forth in Clause 6.1.1; “Dispute” shall have the meaning set forth in Clause 19.1;
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