Common use of SUBSTITUTION OF CREDIT SUPPORT Clause in Contracts

SUBSTITUTION OF CREDIT SUPPORT. Buyer may, at any time and from time to time, replace any or all of the Credit Support provided by it (the “Outstanding Credit Support”) with one or more alternative forms of Credit Support, whereupon the Guaranteed Party shall cooperate in obtaining the concurrent release and termination of the Outstanding Credit Support.

Appears in 5 contracts

Sources: Power Purchase Agreement, Unit Contingent Power Purchase Agreement, Power Purchase Agreement