Common use of Use of Project Development Security Clause in Contracts

Use of Project Development Security. ▇▇▇▇▇ is entitled to draw upon the Project Development Security posted by Seller for Delay Damages in accordance with Section 2.4(a) until such time as the Project Development Security is exhausted. ▇▇▇▇▇ is also entitled to draw upon the Project Development Security for any damages arising upon ▇▇▇▇▇’s declaration of an Early Termination Date in accordance with Section 7.2(b).

Appears in 10 contracts

Sources: Long Term Resource Adequacy Agreement, Long Term Resource Adequacy Agreement, Long Term Resource Adequacy Agreement

Use of Project Development Security. ▇▇▇▇▇ is entitled to draw upon the Project Development Security posted by Seller for Delay Damages ▇▇▇▇▇ ▇▇▇▇▇▇▇ in accordance with Section 2.4(a) Article One until such time as the Project Development Security is exhausted. ▇▇▇▇▇ is also entitled to draw upon the Project Development Security for any damages arising upon ▇▇▇▇▇’s declaration of an Early Termination Date in accordance with Section 7.2(b).

Appears in 7 contracts

Sources: Distribution Services Agreement, Distribution Services Agreement, Distribution Services Agreement

Use of Project Development Security. ▇▇▇▇▇ is entitled to draw upon the Project Development Security posted by Seller for Delay Damages in accordance with Section 2.4(a) until such time as the Project Development Security is exhausted. ▇▇▇▇▇ is also entitled to draw upon the Project Development Security for any damages arising upon ▇▇▇▇▇’s declaration of an Early Termination Date in accordance with Section 7.2(b8.2(b).

Appears in 7 contracts

Sources: Resource Adequacy Agreement, Resource Adequacy Agreement, Resource Adequacy Agreement

Use of Project Development Security. ▇▇▇▇▇ is entitled to draw upon the Project Development Security posted by Seller for Delay Damages in accordance with Section 2.4(a) until such time as the Project Development Security is exhausted. ▇▇▇▇▇ is also entitled to draw upon the Project Development Security for any damages arising upon ▇▇▇▇▇’s declaration of an Early Termination Date in accordance with Section 7.2(b).

Appears in 2 contracts

Sources: Distribution Services Agreement, Distribution Services Agreement

Use of Project Development Security. ▇▇▇▇▇ is entitled to draw upon the Project Development Security posted by Seller for Delay Damages ▇▇▇▇▇ ▇▇▇▇▇▇▇ in accordance with Section 2.4(a) Article One until such time as the Project Development Security is exhausted. ▇▇▇▇▇ is also entitled to draw upon the Project Development Security for any damages arising upon ▇▇▇▇▇’s declaration of an Early Termination Date in accordance with Section 7.2(b).

Appears in 2 contracts

Sources: System Reliability Energy Efficiency Agreement, Distribution Services Agreement

Use of Project Development Security. ▇▇▇▇▇ Buyer is entitled to draw upon the Project Development Security posted by Seller for Delay Damages in accordance with Section 2.4(a) until such time as the Project Development Security is exhausted. ▇▇Bu▇▇▇ is ▇s also entitled to draw upon the Project Development Security for any damages arising upon ▇▇Bu▇▇▇’s declaration of an Early Termination Date in accordance with Section 7.2(b).

Appears in 1 contract

Sources: Long Term Resource Adequacy Agreement