Common use of Amount of Performance Security Clause in Contracts

Amount of Performance Security. If any such performance security is required by Central Xxxxxx, Licensee shall furnish an irrevocable bank letter of credit or other security requested by and satisfactory to Central Xxxxxx in the following amounts: Security in the amount of $100.00 shall be required for each proposed Pole Attachment. Central Xxxxxx, in its sole discretion, may also accept an unconditional guarantee of Licensee's payment and performance hereunder in a form and content acceptable to Central Xxxxxx from a third party acceptable to Central Xxxxxx.

Amount of Performance Security. If any such performance security is required by Central Xxxxxx, Licensee shall furnish an irrevocable bank letter of credit or other security requested by and satisfactory to Central Xxxxxx in the following amounts: Security in the amount of $100.00 shall be required for each proposed Pole Attachment50,000. Central Xxxxxx, in its sole discretion, may also accept an unconditional guarantee of Licensee's payment and performance hereunder in a form and content acceptable to Central Xxxxxx from a third party acceptable to Central Xxxxxx.