3Guaranty. Performance Assurance provided in the form of a Guaranty Agreement, if offered from Seller, shall be from a Guarantor reasonably acceptable to Buyer and satisfying the following: (i) the Guarantor shall maintain a Credit Rating of at least [“BBB-”] by S&P or [“Baa3”] by Xxxxx’x and (ii) a tangible net worth of at least $[XX] Billion. [NOTE to Bidders: subject to credit review.]
Appears in 3 contracts
Samples: System Power Purchase Tolling Agreement, Power Purchase Tolling Agreement, Energy Storage Power Purchase Agreement
3Guaranty. Performance Assurance provided in the form of a Guaranty Agreement, if offered from Seller, shall be from a Guarantor reasonably acceptable to Buyer and satisfying the following: (i) the Guarantor shall maintain a Credit Rating of at least [“BBB-”] by S&P or [“Baa3”] by Xxxxx’x Moody’s and (ii) a tangible net worth of at least $[XX] Billion. [NOTE to Bidders: subject to credit review.]
Appears in 3 contracts
Samples: Energy Storage Power Purchase Agreement, Energy Storage Power Purchase Agreement, Energy Storage System Power Purchase Tolling Agreement
