Common use of Return of Credit Support Clause in Contracts

Return of Credit Support. If the Offtaker has delivered, or procured the delivery of, replacement or substitute Credit Support in accordance with this Clause 12 or regains the Minimum Credit Rating, the Generator shall, upon request by the Offtaker, surrender or procure the surrender of the Credit Support as soon as reasonably practicable and in any event within ten (10) Business Days.

Appears in 1 contract

Sources: Backstop Power Purchase Agreement

Return of Credit Support. If the Offtaker has delivered, or procured the delivery of, replacement or substitute Credit Support in accordance with this Clause 12 11 or regains the Minimum Credit Rating, the Generator shall, upon request by the Offtaker, surrender or procure the surrender of the Credit Support as soon as reasonably practicable and in any event within ten (10) Business Days.

Appears in 1 contract

Sources: Backstop Power Purchase Agreement