Common use of Performance Assurance Requirement Clause in Contracts

Performance Assurance Requirement. Not later than the Open Season Deadline, the Customer shall provide Performance Assurance: (i) in the case of requested PTP transmission service, equal to the requested PTP Reserved Capacity times the long-term firm PTP transmission service rate in section II.A. of Bonneville’s PTP rate schedule (in effect at the time of the Open Season Deadline) for one year, or,