Completion and Performance Security. (a) The Parties acknowledge that the Supplier has, as of the Contract Date, provided to the Buyer security in the form described in Section 6.2(a) for the performance of the Supplier’s obligations under this Agreement (the “Completion and Performance Security”) in an amount equal to $[⚫]. [
Completion and Performance Security. The Service Provider shall post and maintain security for the performance of the Service Provider’s obligations under this Agreement (the “Completion and Performance Security”) in the amount of $10,000 per MW of Contract Capacity from the Effective Date until the end of the Contract Service Term. The obligation of the Service Provider to post and maintain Completion and Performance Security must be satisfied by the Service Provider providing to the IESO a certified cheque, bank draft or money order issued by a bank listed in Schedule I, II, or III of the Bank Act (Canada) for the full amount of the Completion and Performance Security. At the end of the Contract Service Term, provided there is no Event of Default that has not been remedied, the IESO shall refund the Completion and Performance Security to the Service Provider within 20 Business Days. Any interest earned by the IESO on any Completion and Performance Security provided to the IESO shall be for the account of the IESO and the Service Provider shall not have any right to such interest.
Completion and Performance Security. Where the Assignee is required to provide Completion and Performance Security to the OPA under Article 5 of Schedule 1 of the Contract, either:
Completion and Performance Security. (a) From the Contract Date to the Commercial Operation Date, the Generator must post and maintain with the AESO security for the performance of the Generator's obligations under this Agreement in an amount equal to fifty thousand dollars ($50,000) per MW of Contract Capacity (the "Completion and Performance Security").
Completion and Performance Security. (a) The Parties acknowledge that the Supplier has, as of the Contract Date, provided to the Buyer security in the form described in Section 6.2(a) for the performance of the Supplier’s obligations under this Agreement (the “Completion and Performance Security”) in an amount equal to $[⚫]. [NTD: $60,000/ MW of Maximum Contract Capacity for Large-Scale LT1 Projects and $45,000/MW of Maximum Contract Capacity for Small-Scale LT1 Projects.]
Completion and Performance Security. (a) The Supplier shall provide security to the Buyer upon execution of this Agreement for the performance of the Supplier’s obligations under this Agreement, in an amount equal to $50,000 per MW of DSM Project Equivalent Capacity and in the form described in Section 5.2 (the “Completion and Performance Security”). Upon the Term Commencement Date, and provided that the Buyer has determined that any liquidated damages payable by the Supplier under Section 2.3 have been paid by the Supplier, then the amount of the Completion and Performance Security shall be reduced to an amount equal to $25,000 per MW of DSM Project Equivalent Capacity. In the event that the Buyer, in accordance with this Agreement, has recovered monies that were due to it using all or part of the Completion and Performance Security, the Supplier shall forthwith provide replacement security to cover an amount equal to that recovered or paid out of the Completion and Performance Security.
Completion and Performance Security. The Supplier shall remain liable for any amounts due and owing to the Buyer and remaining unpaid after the application of the amounts so drawn by the Buyer. If the Supplier subsequently delivers a Letter of Credit or other security or other collateral permitted pursuant hereto, in each case satisfactory to the Buyer in its sole and absolute discretion as to form, substance and amount, then upon acceptance by the Buyer thereof, the Buyer shall remit to the Supplier all amounts held by the Buyer as Completion and Performance Security pursuant to this Section 6.2(b)(iii).
Completion and Performance Security. (a) [Intentionally Deleted]
Completion and Performance Security. The Supplier shall provide security to the Buyer upon execution of this Agreement for the performance of the Supplier’s obligations under this Agreement, in an amount equal to $50,000 per MW of Maximum Contracted Demand Reduction and in the form described in Section 5.2 (the “Completion and Performance Security”). Effective upon the Term Commencement Date, and provided that the Buyer has determined that any liquidated damages payable by the Supplier under Section 2.3 have been paid by the Supplier, then the amount of the Completion and Performance Security shall be reduced to an amount equal to $25,000 per MW of Maximum Contracted Demand Reduction. If the Buyer has agreed to a reduction in the Maximum Contracted Demand Reduction pursuant to Section 2.1(c), then the amount of Completion and
Completion and Performance Security. The Parties acknowledge that the Supplier has, prior to the execution of this Agreement, provided to the Buyer security for the performance of the Supplier’s obligations under this Agreement in an amount equal to $25,000 per MW of Maximum Contracted Demand Reduction and in the form described in Section 5.2 (the “Completion and Performance Security”). Effective upon the Term Commencement Date and provided that the Buyer has determined that any liquidated damages payable by the Supplier under Section 2.3 have been paid by the Supplier, then the amount of the Completion and Performance Security shall be reduced to an amount equal to $10,000 per MW of Maximum Contracted Demand Reduction. If the Buyer has agreed to a reduction in the Maximum Contracted Demand Reduction pursuant to Section 2.1(b)(i), then the amount of Completion and Performance Security shall be reduced in accordance with this Section 5.1. If the Buyer has agreed to the increase in the Maximum York Region DR Contract Released November 30, 2005
