CREDIT AND COLLATERAL REQUIREMENTS; PERFORMANCE ASSURANCE Clause Samples

CREDIT AND COLLATERAL REQUIREMENTS; PERFORMANCE ASSURANCE. ‌ 7.1 Performance Assurance.‌ (a) Seller’s Performance Assurance. Performance Assurance requirement is applicable with respect to Seller, but not with respect to Buyer. Seller shall be required, within thirty (30) Business Days of the Trade Date of a Product Order, to post Seller’s Performance Assurance through either the: (i) posting of a Letter of Credit; or (ii) posting of cash collateral in the amount indicated as the initial Performance Assurance Requirement on such Product Order with Buyer. For avoidance of doubt, ▇▇▇▇▇▇’s Performance Assurance with respect to a Designated System is required regardless of whether such Designated System is Energized as of the Trade Date or Energized within the thirty (30) Business Day period after the Trade Date.
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CREDIT AND COLLATERAL REQUIREMENTS; PERFORMANCE ASSURANCE. 7.1 Performance Assurance. Seller’s Performance Assurance. Performance Assurance requirement is applicable with respect to Seller, but not with respect to Buyer. (1) REC has not occurred and the deadline for the Delivery of one (1) REC has been extended pursuant to 2.4.
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CREDIT AND COLLATERAL REQUIREMENTS; PERFORMANCE ASSURANCE. Performance Assurance. Seller’s Performance Assurance. Performance Assurance requirement is applicable with respect to Seller, but not with respect to Buyer.
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CREDIT AND COLLATERAL REQUIREMENTS; PERFORMANCE ASSURANCE. 6 For the avoidance of doubt, any natural person who is an Equity Eligible Person who is part of an Equity Eligible Contractor shall be counted as an Equity Eligible Person for determining whether a Project’s Project Workforce satisfy the minimum percentage indicated in the Product Order for the Minimum Equity Standard.
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CREDIT AND COLLATERAL REQUIREMENTS; PERFORMANCE ASSURANCE. 50 For example, if a Community Renewable Energy Generation Project is Energized on May 15, 2022 and assigned Payment Cycle C, then the first Community Solar Quarterly Report would be due on September 10, 2022 for the period May 15, 2022 through August 31, 2022, and the last Community Solar Quarterly Report would be due on June 10, 2023 for the period commencing March 1, 2023 through May 31, 2023. 51 For example, if the effective date of the Agreement falls between June 1 and July 15 of a calendar year, then the first REC Annual Report is to be submitted by July 15 of the following year.
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CREDIT AND COLLATERAL REQUIREMENTS; PERFORMANCE ASSURANCE. 7.1 Performance Assurance. (a) Seller’s Performance Assurance. Performance Assurance requirement is applicable with respect to Seller, but not with respect to Buyer. Seller shall be required, within thirty (30) Business Days of the Trade Date of a Product Order, to post Seller’s Performance Assurance through either the: (i) posting of a Letter of Credit; or (ii) posting of cash collateral in the amount indicated as the initial Performance Assurance Requirement on such Product Order with Buyer.58 For avoidance of doubt, Seller’s Performance Assurance with respect to a Designated System is required regardless of whether such Designated System is Energized as of the Trade Date or Energized within the thirty (30) Business Day period after the Trade Date.59 (b) Performance Assurance Requirement. The amount of Performance Assurance to be posted with respect to any Product Order in effect shall be equal to the sum of the Collateral Requirement across all Designated Systems included in such Product Order. The total amount of Performance August 31, 2021, and the last Community Solar Quarterly Report would be due on June 10, 2022 for the period commencing March 1, 2022 through May 31, 2022. 57For example, if effective date of the Agreement falls between June 1 and July 15 of a calendar year, then first REC Annual Report is to be submitted by July 15 of the following year.
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CREDIT AND COLLATERAL REQUIREMENTS; PERFORMANCE ASSURANCE. 7.1 Performance Assurance. Seller’s Performance Assurance. Performance Assurance requirement is applicable with respect to Seller, but not with respect to Buyer. (1) REC has not occurred and the deadline for the Delivery of one (1) REC has been extended pursuant to 4.1(c). If at any ▇▇▇▇ ▇▇▇▇▇▇’▇ (or Seller’s Guarantor’s, if applicable) Collateral Threshold is lower than the Collateral Requirement (or Increased Collateral Requirement, if applicable), then Seller, upon request from Buyer, shall be required, within five (5) Business Days of notice from Buyer, to post “Seller’s Performance
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CREDIT AND COLLATERAL REQUIREMENTS; PERFORMANCE ASSURANCE. 1Performance Assurance. Seller’s Performance Assurance. Performance Assurance requirement is applicable with respect to Seller, but not with respect to Buyer. Seller shall be required, within thirty (30) Business Days of the Trade Date of a Product Order, to post Seller’s Performance Assurance through either the: (i) posting of a Letter of Credit; or (ii) posting of cash collateral in the amount indicated as the initial Performance Assurance Requirement on such Product Order with Buyer. For avoidance of doubt, ▇▇▇▇▇▇’s Performance Assurance with respect to a Designated System is required regardless of whether such Designated System is Energized as of the Trade Date or Energized within the thirty (30) Business Day period after the Trade Date. Performance Assurance Requirement. The amount of Performance Assurance to be posted with respect to any Product Order in effect shall be equal to the sum of the Collateral Requirement across all Designated Systems included in such Product Order. The total amount of Performance Assurance to be posted under this Agreement shall be equal to the sum of the Collateral Requirement across all Designated Systems included in this Agreement (“Performance Assurance Requirement”). The actual amount posted by Seller and held by Buyer is the Performance Assurance Amount, which shall be required to be at least equal to the Performance Assurance Requirement. Notwithstanding the foregoing, if there is an increase in the Collateral Requirement for a Community Renewable Energy Generation Project in the quarterly payment adjustments pursuant to Sections 2.6(a)-(b), Seller shall not be required to post additional Performance Assurance Amount at the time of such payment adjustment(s). Additionally, if there is an increase in the Collateral Requirement for a Community Renewable Energy Generation Project based on information in Seller’s ABP Part I Application and ABP Part II Application for such Designated System, Seller shall not be required to post additional Performance Assurance Amount at the time of Energization.
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CREDIT AND COLLATERAL REQUIREMENTS; PERFORMANCE ASSURANCE 
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Related to CREDIT AND COLLATERAL REQUIREMENTS; PERFORMANCE ASSURANCE

  • CREDIT AND COLLATERAL REQUIREMENTS The applicable credit and collateral requirements are specified on the Cover Sheet.

  • Collateral Requirements All amounts deposited or invested with financial institutions in excess of any insurance limit shall be collateralized in accordance with the Public Funds Investment Act, 30 ILCS 235/. The Superintendent or designee shall keep the Board informed of collateral agreements.

  • Facility Requirements 1. Maintain wheelchair accessibility to program activities according to governing law, including the Americans With Disabilities Act (ADA), as applicable. 2. Provide service site(s) that will promote attainment of Contractor’s program objectives. Arrange the physical environment to support those activities. 3. Decrease program costs when possible by procuring items at no cost from County surplus stores and by accepting delivery of such items by County.

  • Issuing Lender Reporting Requirements Each Issuing Lender shall, on the first Business Day of each month, provide to Administrative Agent and Borrower a schedule of the Letters of Credit issued by it, in form and substance satisfactory to Administrative Agent, showing the date of issuance of each Letter of Credit, the account party, the original face amount (if any), and the expiration date of any Letter of Credit outstanding at any time during the preceding month, and any other information relating to such Letter of Credit that the Administrative Agent may request.

  • Performance and Compliance with Collateral The Borrower will, at the Borrower’s expense, timely and fully perform and comply (or, by exercising its rights thereunder, cause the Seller to perform and comply pursuant to the Sale Agreement) with all provisions, covenants and other promises required to be observed by it under the Collateral, the Transaction Documents and all other agreements related to such Collateral.