Common use of Acceptable Guaranty Clause in Contracts

Acceptable Guaranty. Seller may fulfill the requirements of Sections 15.01 and Section 15.02 through an Acceptable Guaranty. If at any time a guaranty provided under this Section 15.05 ceases to be an Acceptable Guaranty, Seller shall provide to NYSERDA replacement Contract Security in the form of cash, certified funds, a substitute Acceptable Guaranty, or Letters of Credit conforming to the requirements of Section 15.01 and Section 15.03 within five (5) Business Days.

Appears in 10 contracts

Samples: Offshore Wind Renewable Energy Certificate Purchase and Sale Agreement, Purchase and Sale Agreement, Offshore Wind Renewable Energy Certificate Purchase and Sale Agreement

AutoNDA by SimpleDocs

Acceptable Guaranty. Seller may fulfill the requirements of Sections 15.01 and Section 15.02 through an one or more Acceptable GuarantyGuaranties. If at any time a guaranty provided under this Section 15.05 ceases to be an Acceptable Guaranty, Seller shall provide to NYSERDA replacement Contract Security in the form of cash, certified funds, a substitute Acceptable Guaranty, or Letters of Credit conforming to the requirements of Section 15.01 and Section 15.03 within five (5) Business Days.

Appears in 3 contracts

Samples: Offshore Wind Renewable Energy Certificate Purchase and Sale Agreement, Offshore Wind Renewable Energy Certificate Purchase and Sale Agreement, Offshore Wind Renewable Energy Certificate Purchase and Sale Agreement

AutoNDA by SimpleDocs

Acceptable Guaranty. Seller may fulfill the requirements of Sections 15.01 and Section 15.02 through an one or more Acceptable GuarantyGuaranties. If at any time a guaranty provided under this Section 15.05 ceases to be an Acceptable Guaranty, Seller shall provide to NYSERDA replacement Contract Security in the form of cash, certified funds, a substitute Acceptable Guaranty, or Letters of Credit conforming to the requirements of Section 15.01 and Section 15.03 within five (5) Business Days.. 58

Appears in 2 contracts

Samples: Offshore Wind Renewable Energy Certificate Purchase and Sale Agreement, Offshore Wind Renewable Energy Certificate Purchase and Sale Agreement

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!