Performance Assurance Amount. Commencing with the Commercial Operation Date and for every Term Year during the Term, Seller shall post and maintain Performance Assurance in a dollar amount ($) equal to the percentage of total Term Project revenues as shown on the chart below, but not less than one million dollars ($1,000,000) for any Term Year. For purposes of the chart below, the first Term Year covers the period from the Commercial Operation Date to and including the end of the first Term Year. 1 3.0% 3.0% 3.0% 2 3.0% 3.0% 5.0% 3 5.0% 5.0% 5.0% 4 5.0% 6.0% 6.0% 5 5.0% 6.0% 6.0% 6 6.0% 6.0% 6.0% 7 6.0% 6.0% 6.0% 8 6.0% 6.0% 5.0% 9 6.0% 6.0% 5.0% 10 6.0% 6.0% 3.0% Article One -- §1.07 Special Conditions 11 6.0% 6.0% 12 6.0% 5.0% 13 6.0% 5.0% 14 6.0% 3.0% 15 6.0% 3.0% 16 5.0% 17 5.0% 18 3.0% 19 3.0% 20 3.0%
Appears in 3 contracts
Sources: Renewable Power Purchase and Sale Agreement, Renewable Power Purchase and Sale Agreement, Renewable Power Purchase and Sale Agreement