Common use of Preservation of Security Clause in Contracts

Preservation of Security. In the event that Seller has provided a Letter of Credit under the terms of this Agreement, Seller will preserve the Letter of Credit in place until all payments due under this Agreement for which the Letter of Credit has been provided have been made in full. SALE AND PURCHASE OF AECS

Appears in 2 contracts

Sources: Solar Alternative Energy Credits Sale and Purchase Agreement, Solar Alternative Energy Credits Sale and Purchase Agreement

Preservation of Security. In the event that Seller has provided a Letter of Credit under the terms of this Agreement, Seller will preserve the Letter of Credit in place until all payments due under this Agreement for which the Letter of Credit has been provided have been made in full. SALE AND PURCHASE OF AECS.

Appears in 2 contracts

Sources: Solar Alternative Energy Credits Purchase and Sale Agreement, Solar Alternative Energy Credits Purchase and Sale Agreement