Common use of Development Period Security Clause in Contracts

Development Period Security. To guarantee undertaking the performance of Subscriber Organization's obligations under the Agreement for the period prior to the Commercial Operations Date (including but not limited to Subscriber Organization's obligation to meet the Guaranteed Commercial Operations Date), Subscriber Organization shall provide 50% of the Development Period Security to Company within ten (10) Days of Execution Date of the Agreement and the remaining 50% of the Development Period Security within ten

Development Period Security. To guarantee undertaking the performance of Subscriber Organization's obligations under the Agreement for the period prior to the Commercial Operations Date (including but not limited to Subscriber Organization's obligation to meet the Guaranteed Commercial Operations Date), Subscriber Organization shall provide 50% of the Development Period Security to Company within ten (10) Days of Execution Date of the Agreement and the remaining 50% of the Development Period Security within tenten (10) Business Days of the execution of the Interconnection Requirements Amendment.