Common use of Amount of Performance Security Clause in Contracts

Amount of Performance Security. If any such performance security is required by Central ▇▇▇▇▇▇, Licensee shall furnish an irrevocable bank letter of credit or other security requested by and satisfactory to Central ▇▇▇▇▇▇ in the following amounts: Security in the amount of $100.00 shall be required for each proposed Pole Attachment. Central ▇▇▇▇▇▇, in its sole discretion, may also accept an unconditional guarantee of Licensee's payment and performance hereunder in a form and content acceptable to Central ▇▇▇▇▇▇ from a third party acceptable to Central ▇▇▇▇▇▇.

Amount of Performance Security. If any such performance security is required by Central ▇▇▇▇▇▇, Licensee shall furnish an irrevocable bank letter of credit or other security requested by and satisfactory to Central ▇▇▇▇▇▇ in the following amounts: Security in the amount of $100.00 shall be required for each proposed Pole Attachment50,000. Central ▇▇▇▇▇▇, in its sole discretion, may also accept an unconditional guarantee of Licensee's payment and performance hereunder in a form and content acceptable to Central ▇▇▇▇▇▇ from a third party acceptable to Central ▇▇▇▇▇▇.