Common use of Performance Assurance Amount Clause in Contracts

Performance Assurance Amount. ‌‌ (a) Seller shall provide to, and maintain with, Buyer, collateral, in the form of a Letter of Credit from a bank with a long term debt rating from at least two rating agencies of at least “A-“ or equivalent (or if only one rating is available, a rating of at least “AA-“ or equivalent) acceptable to Anaheim, as long as Seller does not maintain Credit Ratings of at least BBB- from S&P, Baa3 from ▇▇▇▇▇'▇, or BBB- from Fitch. The collateral amount shall be equal to One Hundred Thousand Dollars and Zero Cents for each megawatt of Contract Capacity ($100,000.00 * 2

Performance Assurance Amount. ‌‌ (a) Seller shall provide to, and maintain with, Buyer, collateral, in the form of a Letter of Credit from a bank with a long term debt rating from at least two rating agencies of at least “A-“ or equivalent (or if only one rating is available, a rating of at least “AA-“ or equivalent) acceptable to Anaheim, as long as Seller does not maintain Credit Ratings of at least BBB- from S&P, Baa3 from ▇▇▇▇▇'▇, or BBB- from Fitch. The collateral amount shall be equal to One Hundred Thousand Dollars and Zero Cents for each megawatt of Contract Capacity ($100,000.00 * 2

Performance Assurance Amount. ‌‌ (a) Seller shall provide to, and maintain with, Buyer, collateral, in the form of a Letter of Credit from a bank with a long term debt rating from at least two rating agencies of at least “A-A‐“ or equivalent (or if only one rating is available, a rating of at least “AA-AA‐“ or equivalent) acceptable to Anaheim, as long as Seller does not maintain Credit Ratings of at least BBB- BBB‐ from S&P, Baa3 from ▇▇▇▇▇'▇, or BBB- BBB‐ from Fitch. The collateral amount shall be equal to One Hundred Thousand Dollars and Zero Cents for each megawatt of Contract Capacity ($100,000.00 * 2