Common use of Minimum Coverage Amounts Clause in Contracts

Minimum Coverage Amounts. Coverage under the irrevocable surety or performance bond or irrevocable letter of credit issued pursuant to Section 4.14 shall be in the following minimum amounts. Should a payment obligation under Section 4.1(d), 4.1(e) or 4.19 arise in the following year (with “Year 1” meaning the first year in which a The minimum coverage for such FILOT Payment is due hereunder): year is: 1 $12,079 2 $24,158 3 $36,237 4 $48,316 5 $60,396 6 $72,475 7 $84,554 8 $96,633 9 $96,633 10 $96,633 11 $96,633 12 $96,633 13 $96,633 14 $96,633 15 $96,633 16 $84,554 17 $72,475 18 $60,396 19 $48,316 20 $48,316 21 $48,316 22 $36,237 23 $24,158 24 $12,079 Reference is hereby made to (i) that certain Fee Agreement effective May 2, 2022 (“Fee Agreement”), between Darlington County, South Carolina (“County”) and Bell Solar, LLC (“Company”).

Minimum Coverage Amounts. Coverage under the irrevocable surety or performance bond or irrevocable letter of credit issued pursuant to Section 4.14 shall be in the following minimum amounts. Should a payment obligation under Section 4.1(d), 4.1(e) or 4.19 arise in the following year (with “Year 1” meaning the first year in which a The minimum coverage for such FILOT Payment is due hereunder): year is: 1 $12,079 16,105 2 $24,158 32,211 3 $36,237 48,316 4 $48,316 64,422 5 $60,396 80,527 6 $72,475 96,633 7 $84,554 112,738 8 $96,633 128,844 9 $96,633 128,844 10 $96,633 128,844 11 $96,633 128,844 12 $96,633 128,844 13 $96,633 128,844 14 $96,633 128,844 15 $96,633 128,844 16 $84,554 112,738 17 $72,475 96,633 18 $60,396 80,527 19 $48,316 64,422 20 $48,316 64,422 21 $48,316 64,422 22 $36,237 48,316 23 $24,158 32,211 24 $12,079 16,105 Reference is hereby made to (i) that certain Fee Agreement effective May 2, 2022 (“Fee Agreement”), between Darlington County, South Carolina (“County”) and Bell Jefferson Solar, LLC (“Company”).

Minimum Coverage Amounts. Coverage under the irrevocable surety or performance bond or irrevocable letter of credit issued pursuant to Section 4.14 shall be in the following minimum amounts. Should a payment obligation under Section 4.1(d), 4.1(e) or 4.19 arise in the following year (with “Year 1” meaning the first year in which a The minimum coverage for such FILOT Payment is due hereunder): year is: 1 $12,079 21,474 2 $24,158 42,948 3 $36,237 64,422 4 $48,316 85,896 5 $60,396 107,370 6 $72,475 128,844 7 $84,554 150,318 8 $96,633 171,792 9 $96,633 171,792 10 $96,633 171,792 11 $96,633 171,792 12 $96,633 171,792 13 $96,633 171,792 14 $96,633 171,792 15 $96,633 171,792 16 $84,554 150,318 17 $72,475 128,844 18 $60,396 107,370 19 $48,316 85,896 20 $48,316 85,896 21 $48,316 85,896 22 $36,237 64,422 23 $24,158 42,948 24 $12,079 21,474 Reference is hereby made to (i) that certain Fee Agreement effective May 2, 2022 (“Fee Agreement”), between Darlington County, South Carolina (“County”) and Bell Fairfield Solar, LLC (“Company”).