Common use of Assurance of Performance Clause in Contracts

Assurance of Performance. If Buyer reasonably deems itself insecure with respect to Seller’s ongoing performance, due to Seller’s financial capacity, Buyer may demand that Seller provide assurance of future performance to Buyer within five (5) days of the demand. This assurance may be in any security acceptable to Buyer, including but not limited to, collateral consisting of cash, letter(s) of credit, surety bond, parent guaranty, or lender releases. This security shall be in an amount satisfactory to Buyer and shall also be sufficient to offset costs and expenses incurred or reasonably expected to be incurred by Buyer in securing for itself completion of the project or other performance due from Seller. Buyer reserves its right to any other remedies allowed in law or equity. Failure to provide the requested performance assurance within the stated period shall constitute a default of this Agreement, and Buyer shall be free to cancel this Agreement in its discretion immediately upon expiration of the time specified for delivery of the requested performance assurance. **** Confidential Treatment Requested by Core Molding Technologies, Inc.

Assurance of Performance. If Buyer reasonably deems itself insecure with respect to Seller’s ongoing performance, due to Seller’s financial capacity, Buyer may demand that Seller provide assurance of future performance to Buyer within five (5) days of the demand. This assurance may be in any security acceptable to Buyer, including but not limited to, collateral consisting of cash, letter(s) of credit, surety bond, parent guaranty, or lender releases. This security shall be in an amount satisfactory to Buyer and shall also be sufficient to offset costs and expenses incurred or reasonably expected to be incurred by Buyer in securing for itself completion of the project or other performance due from Seller. Buyer reserves its right to any other remedies allowed in law or equity. Failure to provide the requested performance assurance within the stated period shall constitute a default of this Agreement, and Buyer shall be free to cancel this Agreement in its discretion immediately upon expiration of the time specified for delivery of the requested performance assurance. **** Confidential Treatment Requested by Core Molding Technologies, Inc..

Assurance of Performance. If Buyer reasonably deems itself insecure with respect to Seller’s ongoing performance, whether due to Seller’s financial capacitycapacity or otherwise, Buyer may demand that Seller provide assurance of future performance to Buyer within five (5) days of the demand. This assurance may be in any security acceptable to Buyer, including but not limited to, collateral consisting of cash, letter(s) of credit, surety bond, parent guaranty, or lender releases. This security shall be in an amount satisfactory to Buyer and shall also be sufficient to offset costs and expenses incurred or reasonably expected to be incurred by Buyer in securing for itself completion of the project or other performance due from Seller. Buyer reserves its right to any other remedies allowed in law or equity. Failure to provide the requested performance assurance within the stated period shall constitute a default of this Agreement, and Buyer shall be free to procure Product from an alternate source and/or cancel this Agreement in its discretion immediately upon expiration of the time specified for delivery of the requested performance assurance. **** Confidential Treatment Requested by Core Molding TechnologiesNavistar, Inc.Inc Enova Systems Supply Agreement