Examples of Acceptance Obligations in a sentence
If this § 15.4 is specified as applying in Section B of Part I (Individual Terms), to the extent a Party's obligation to deliver electricity is released in accordance with § 15.2 (Release from Delivery and Acceptance Obligations), the Buyer shall have the right, but not the obligation, to refuse the Delivery of Certificates relating to such electricity for such period of time the Seller's obligation is released, even if the Seller's ability to deliver Certificates is unaffected by Force Majeure.
Within one (1) Business Day of receipt by the Company or any Restricted Subsidiary of the Net Cash Proceeds of any Debt Issuance, the Company shall prepay the Loans and/or Cash Collateralize the L/C Obligations and Bankers’ Acceptance Obligations as hereafter provided in an aggregate amount equal to one hundred percent (100%) of such Net Cash Proceeds.
Upon such approval, the County staff shall return and release the UPS to the Project Engineer or the Developer’s designated agent and shall return the then due payment balance, if any, of the Final Acceptance Obligations cash bond, without interest, to the entity that supplied the Final Acceptance Obligations cash bond.
If due to default of the provider of the Final Acceptance Obligations cash bond, it is not possible for staff to ascertain the refundable amount of the bond within four (4) years of the date of delivery of that cash bond to the County and the District, the cash bond shall be forfeited to the Public Utilities Division after deducting all then known obligations payable out of that bond.
Such deposit shall be held by the Administrative Agent as security for, and to provide for the payment of, the Reimbursement Obligations and the Acceptance Obligations.