CREDIT AND COLLATERAL REQUIREMENTS. (a) Seller shall post and thereafter maintain the Development Security in accordance with Section 4(b) of Exhibit D. (b) Seller shall post and thereafter maintain the Performance Assurance, in accordance with Section 2(a) of Exhibit D, in an amount equal to 5% of expected revenue of the Generating Facility under this Agreement (the “Performance Assurance Amount”). The initial amount of Performance Assurance equals $[ ]. The Performance Assurance Amount will be revised upon any change to the Expected Term Year Energy Production. (c) Seller shall comply with all of the provisions of Exhibit D. (d) Seller’s Guarantor, if any, is [Name of Guarantor]. (e) Guarantor shall guarantee $[Performance Assurance Amount x 1.25]. (f) The Cross Default Amount, if any, equals $[ ].
Appears in 4 contracts
Samples: Power Purchase and Sale Agreement, Power Purchase and Sale Agreement, Power Purchase and Sale Agreement
