Certain Credit Terms. Applicable (complete Certain Credit Terms) Not Applicable
Certain Credit Terms. (i) Financial Information is inapplicable and Section 4.1 shall not apply.
(ii) Collateral Threshold is applicable with respect to Seller, but not with respect to Buyer, and Section 4.3 shall apply to Seller as deleted in its entirety and replaced below:
Certain Credit Terms. Section 4 is deleted in its entirety and replaced with “RESERVED”.
Certain Credit Terms. (i) Financial Information is inapplicable and Section 4.1 shall not apply.
(ii) Collateral Threshold is applicable with respect to Seller, but not with respect to Buyer, and Section 4.3 shall apply to Seller as deleted in its entirety and replaced below: $50,000, then Seller’s Performance Assurance shall be deemed to be zero; provided, that if Buyer’s calculation indicates that Seller’s Performance Assurance exceeds $50,000, then Seller’s Performance Assurance shall be such full calculated amount.
Certain Credit Terms. (i) Financial Information is inapplicable and Section 4.1 shall not apply.
(ii) Collateral Threshold is applicable with respect to Seller, but not with respect to Buyer, and Section 4.3 shall apply to Seller as deleted in its entirety and replaced below: Performance Assurance. If at any xxxx Xxxxxx’x (or Seller’s Guarantor’s, if applicable) Collateral Threshold (as determined in accordance with Table A) is lower than 10% of the Remaining Contract Value, then Buyer may require assurance of Seller’s ability to perform any obligation hereunder. Such assurance (“Seller’s Performance Assurance”) may include (i) posting of a Letter of Credit or (ii) posting of cash collateral with Buyer.
Certain Credit Terms. (i) Financial Information is inapplicable and Section 4.1 shall not apply.
(ii) Collateral Threshold is applicable with respect to Seller, but not with respect to Buyer, and Section 4.3 shall apply to Seller as deleted in its entirety and replaced below: Performance Assurance. If at any xxxx Xxxxxx’x (or Seller’s Guarantor’s, if applicable) Collateral Threshold (as determined in accordance with Table A) is lower than 10% of the Remaining Contract Value, then Buyer may require assurance of Seller’s ability to perform any obligation hereunder. Such assurance (“Seller’s Performance Assurance”) may include (i) posting of a Letter of Credit or (ii) posting of cash collateral with Buyer. The amount of such Seller’s Performance Assurance shall be equal to the positive difference, if any, between 10% of the Remaining Contract Value and the Seller’s Collateral Threshold, rounded up to the nearest $10,000, as estimated by Buyer. (“Performance Assurance Amount”). In the event that Seller fails to provide such Seller’s Performance Assurance within two (2) Business Days from the date of Seller’s
Certain Credit Terms. Applicable (complete Certain Credit Terms) Not Applicable 8. Governing Law: State (or Commonwealth) of : New York
