Common use of Collateral Threshold Amount for Seller Clause in Contracts

Collateral Threshold Amount for Seller. The unsecured credit available to Seller, if any, (“Seller’s Collateral Threshold Amount”) shall be determined in accordance with the following subsections (i), (ii), (iii), (iv) or (v), if applicable, provided that if both (i) and (ii) are applicable, then Seller’s Collateral Threshold Amount shall be determined in accordance with the subsection (i) or (ii) that results in the greater Seller’s Collateral Threshold Amount and further provided that the matrix below, as applied to Seller’s Guarantor, applies only if PG&E is not doing any other business with Seller’s Guarantor or its Affiliates (other than Seller); and if there is existing business with Seller’s Guarantor or its Affiliates (other than Seller), then Buyer has the unilateral right to reevaluate and adjust the amounts in the matrix.

Appears in 6 contracts

Samples: Power Purchase and Sale Agreement, Power Purchase and Sale Agreement, Power Purchase and Sale Agreement

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