Collateral Requirement. 4.1. On or before the thirtieth (30th) day following the Effective Date, Producer shall post and thereafter maintain a collateral requirement (the “Collateral Requirement”) equal to twenty dollars ($20) for each kilowatt of the Gross Power Rating. The Collateral Requirement will be held by SCE and must be in the form of either a cash deposit or the Letter of Credit. If Producer establishes the Collateral Requirement in the form of a cash deposit, SCE shall make monthly Simple Interest Payments to Producer in accordance with the terms of this Agreement.
Appears in 6 contracts
Samples: Solar Photovoltaic Program Power Purchase, Solar Photovoltaic Program Power Purchase, Solar Photovoltaic Program Power Purchase and Sale Agreement
