Common use of Buyer’s Credit Support Clause in Contracts

Buyer’s Credit Support. The Parties acknowledge and agree that as of the Effective Date, Buyer satisfies the Ratings Limit. If at any time after the Effective Date, if Buyer fails to meet the Ratings Limit, Buyer shall post or issue, or cause to be posted or issued, Credit Support in support of its obligations.

Appears in 3 contracts

Samples: Power Purchase Agreement, Power Purchase Agreement, Power Purchase Agreement

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Buyer’s Credit Support. The Parties acknowledge and agree that as of the Effective Date, Buyer satisfies the Ratings Limit. If at any time after the Effective DateDate Buyer fails to meet the Ratings Limit, if then for so long as Buyer fails to meet the Ratings Limit, Buyer shall post or issue, provide Credit Support or cause Credit Support to be posted or issued, Credit Support in support of its obligationsprovided to Seller.

Appears in 1 contract

Samples: Power Purchase Agreement

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