Common use of Credit and Related Provisions Clause in Contracts

Credit and Related Provisions. 5.1. Pre-COD Performance Assurance Requirements. Subject to Section 5.3 below, no later than five (5) business days after the Effective Date, Seller shall provide and deliver to Buyer Performance Assurance in the amount of [4% x total projected revenue under the Agreement during the Term as determined by Buyer in its reasonable discretion], as such Performance Assurance may be adjusted pursuant to Section 20.5.1.

Appears in 3 contracts

Samples: Renewable Power Purchase Agreement, Renewable Power Purchase Agreement, Renewable Power Purchase Agreement

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Credit and Related Provisions. 5.1. Pre-COD Performance Assurance Requirements. Subject to Section 5.3 below, no later than five (5) business days after the Effective Date, Seller shall provide and deliver to Buyer Performance Assurance in the amount of [4% x total projected revenue under the Agreement during the Term as determined by Buyer in its reasonable discretion], as such Performance Assurance may be adjusted pursuant to Section 20.5.1.

Appears in 1 contract

Samples: Power Purchase Agreement

Credit and Related Provisions. 5.1. Pre-COD Performance Assurance Requirements. Subject to Section 5.3 below, no later than five (5) business days after the Effective Date, Seller shall provide and deliver to Buyer Performance Assurance in the amount of [4[ to be determined][4% x total projected revenue under the Agreement during the Term as determined by Buyer in its reasonable discretion], as such Performance Assurance may be adjusted pursuant to Section 20.5.1.

Appears in 1 contract

Samples: Power Purchase Agreement

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Credit and Related Provisions. 5.1. Pre-COD Performance Assurance Requirements. Subject to Section 5.3 below, no later than five (5) business days after the Effective Date, Seller shall provide and deliver to Buyer Performance Assurance in the amount of [4% x total projected revenue under the Agreement during the Term as determined by Buyer in its reasonable discretion[ to be determined], as such Performance Assurance may be adjusted pursuant to Section 20.5.1.

Appears in 1 contract

Samples: Power Purchase Agreement

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