Project Development Security definition

Project Development Security is the collateral required of Seller, as specified and referred to in Section 8.4(a).

Project Development Security is defined in Section 8.1.1.

Project Development Security has the meaning set forth in Section 5.7(a).

Examples of Project Development Security in a sentence

• In the event the Project Development Security is provided by a guarantor, Seller or the entity providing the guaranty must provide within fifteen (15) Business Days from receipt of a written request from Utility all reasonable financial records necessary for Utility to confirm the guarantor satisfies the Credit Requirements.

• Seller may elect to apply the Project Development Security toward the Default Security required by Section 8.3. If Xxxxxx has elected cash escrow or Letter of Credit as the form of Project Development Security, Utility shall return to Seller the Project Development Security or that portion Project Development Security that Seller elects not to apply toward Default Security within twenty (20) Business Days of a receipt of a written request by Seller made on or after the Commercial Operation Date.

• Seller is no longer required to maintain the Project Development Security after the Commercial Operation Date, if no damages are owed to Utility under this Agreement and, if applicable, Default Security has been provided as required under this Agreement.

• In either case, the Project Development Security must be in the form of either (a) a guaranty from a party that satisfies the Credit Requirements, in a form acceptable to Utility in its reasonable discretion, (b) a Letter of Credit in favor of Utility, in a form acceptable to Utility in its reasonable discretion, or (c) cash escrow with a Qualified Institution.

• To the extent Utility draws on any Project Development Security or Default Security, Seller must, within fifteen (15) days following such draw, replenish or reinstate the Project Development Security or Default Security, as applicable, to the full amount then required under this Section 8.

More Definitions of Project Development Security

Project Development Security is the collateral required of Seller, as specified in the Cover Sheet, and referred to in Section 8.4(a), together with any Additional Project Development Security delivered by Seller to Buyer pursuant to Section 3.9(c)(iv). “Prolonged Outage” is any period of more than 30 consecutive days during which the Project is or will be unable, for whatever reason, to provide at least 60% of the Contract Capacity.

Project Development Security is the Performance Assurance required of Seller, as specified and referred to in Section 10.4(a)(i).

Project Development Security means the Performance Assurance required of Seller, as specified and referred to in Article 4.

Project Development Security has the meaning given to that term in

Project Development Security means a Guaranty or a Letter of Credit, in each case, in an amount equal to [ ] per kW of the Expected Nameplate Capacity Rating.

Project Development Security means a Guaranty or a Letter of Credit, in each case, in an amount equal to Two Hundred Dollars ($200)6 per kW of the Expected Nameplate Capacity Rating.

Project Development Security is the security required of Seller, as specified in Section 8.4(a). “Prolonged Outage” is any period of more than 30 consecutive days during which the Project is or will be unable, for whatever reason, to provide at least 60% of the Contract Capacity.