Common use of Provision and Application of Security Clause in Contracts

Provision and Application of Security. 5.2.1 If Interconnection Customer accepted its Project Cost Allocation and posted to System Owner the Security for its Upgrades at the conclusion of, as applicable, the Class Year Study, Class Year Deliverability Study, Cluster Study, Cluster Study Deliverability Study, or Affected System Study, then Interconnection Customer shall not be responsible for posting additional Security under this Agreement. Interconnection Customer’s Security shall be subject to the requirements of Attachment S or HH to the ISO OATT. 5.2.2 If Interconnection Customer was not required to post Security to the System Owner at the conclusion of, as applicable, the Class Year Study, Class Year Deliverability Study, Cluster Study, Cluster Study Deliverability Study, or Affected System Study, then at least thirty

Appears in 3 contracts

Sources: Standard Upgrade Construction Agreement, Standard Upgrade Construction Agreement, Engineering & Procurement Agreement