Examples of Initial Delivery Date in a sentence
Seller shall deliver Distribution Services to Buyer hereunder in accordance with Xxxxx’s instructions pursuant to Section 4.8. In no event will Buyer be obligated to purchase Distribution Services prior to the Initial Delivery Date.
Subject to Section 2.3, on and after the Initial Delivery Date through the end of the Delivery Term, Seller shall sell and deliver, and Buyer shall purchase and receive, Distribution Services exclusively from the Project at the Delivery Point(s) in the aggregate amount of the Contract Capacity.
If no Event of Default with respect to Seller has occurred and is continuing, and no Early Termination Date has occurred or been designated as the result of an Event of Default with respect to Seller, then: As soon as reasonably practicable after the Initial Delivery Date, SCE shall return to Seller the Development Security including any interest accrued thereon pursuant to Section 7.03(a), less, if applicable, any amount of Development Security retained pursuant to this Agreement.
If the Early Termination Date occurs before the Initial Delivery Date, then the Termination Payment shall be calculated as follows: If Seller is the Defaulting Party, then the Termination Payment shall be owed to SCE and shall be equal to the entire Development Security amount and any interest accrued thereon.
No later than the Initial Delivery Date, Seller shall have posted the Delivery Term Security as required by Section 10.4(a)(ii).