Performance Assurance. If at any ▇▇▇▇ ▇▇▇▇▇▇’▇ (or Seller’s Guarantor’s, if applicable) Collateral Threshold is lower than the Collateral Requirement, then Seller, upon request from Buyer, shall be required, within five (5) Business Days of notice from Buyer, to post “Seller’s Performance Assurance” through either the: (i) posting of a Letter of Credit; or (ii) posting of cash collateral with Buyer. “
Appears in 9 contracts
Sources: Renewable Energy Credit Agreement, Renewable Energy Credit Agreement, Renewable Energy Credit Agreement
Performance Assurance. If at any ▇▇▇▇ ▇▇▇▇▇▇’▇ (or Seller’s Guarantor’s, if applicable) Collateral Threshold (as determined in accordance with Table A) is lower than the Collateral Requirement, then Seller, upon request from Buyer, shall be required, within five (5) Business Days of notice from Buyer, to post “Seller’s Performance Assurance” through either the: (i) posting of a Letter of Credit; or (ii) posting of cash collateral with Buyer. “:
Appears in 1 contract
Sources: Renewable Energy Credit Agreement
Performance Assurance. If at any ▇▇▇▇ ▇▇▇▇▇▇’▇ (or Seller’s Guarantor’s, if applicable) Collateral Threshold (as determined in accordance with Table A) is lower than the Collateral Requirement, then Seller, upon request from Buyer, shall be required, within five (5) Business Days of notice from Buyer, to post “Seller’s Performance Assurance” through either the: (i) posting of a Letter of Credit; or (ii) posting of cash collateral with Buyer. “
Appears in 1 contract
Sources: Renewable Energy Credit Agreement