Acceptable Forms of Security. At each SSO Supplier’s option, the following are deemed to be acceptable for posting Margin Collateral or ICR Collateral, if required:
Acceptable Forms of Security. At the XXXX Supplier’s choice, the following are deemed to be acceptable for posting Margin Collateral if required:
Acceptable Forms of Security. At the XXXX Supplier’s choice, the following are deemed to be acceptable for posting Margin Collateral if required: xxxx credited to a deposit account of the Companies; and a Letter of Credit, which shall state that such Letter of Credit will renew automatically for successive one-year or shorter periods, until terminated upon at least ninety (90) days’ prior written notice from the issuing financial institution. If the Companies receive notice from the issuing financial institution that the Letter of Credit is being cancelled, the XXXX Supplier will be required to provide a substitute Letter of Credit from an alternative bank satisfying the minimum credit rating set forth in the definition of “Letter of Credit”. The receipt of the substitute Letter of Credit must be effective as of the cancellation date and delivered to the Companies thirty (30) days before the cancellation date of the original Letter of Credit. If the XXXX Supplier fails to supply a substitute Letter of Credit as required, then the Companies will have the right to draw on the existing Letter of Credit and to hold the amount as Margin Collateral, as applicable. If the credit rating of a bank or other financial institution from which a XXXX Supplier has obtained a Letter of Credit falls below the levels set forth in the definition of “Letter of Credit”, the XXXX Supplier will immediately notify the Companies and, within one (1) Business Day of the failure of the financial institution to meet the required credit rating, obtain a suitable Letter of Credit from another bank or other financial institution that meets those standards, unless such period is extended in writing by Companies; or with respect to Surplus Margin only the delivery or pledge of First Mortgage Bonds of the XXXX Supplier or its Guarantor, which First Mortgage Bonds shall conform to the requirements set forth in Appendix G and otherwise be in form, amount and substance satisfactory to the Companies in their sole discretion. For purposes of this subsection (c),
Acceptable Forms of Security. At each Participating LSE’s choice, the following are deemed to be acceptable for posting Performance Assurance:
Acceptable Forms of Security. At the CRES’s choice, the following are deemed to be acceptable for posting Performance Assurance:
Acceptable Forms of Security. At the PIPP Supplier’s option, the following are deemed to be acceptable for posting Margin Collateral or ICR Collateral, if required:
