Credit Changes. (a) If Seller has provided and is maintaining a Guaranty as part of the Performance Assurance that has resulted in an Applicable PA Amount Reduction and a Credit Event occurs, (i) Seller shall notify Buyer within five (5) Business Days of the occurrence of such Credit Event, (ii) the Applicable PA Amount Reduction shall be Zero Dollars ($0) and (iii) the aggregate amount of the Performance Assurance required to be delivered to Buyer and maintained pursuant to this Agreement shall be increased (with any then-issued Performance Assurance
Appears in 5 contracts
Samples: Power Purchase Agreement, Power Purchase Agreement, Power Purchase Agreement
Credit Changes. (a) If Seller has provided and is maintaining a Guaranty as part of the Performance Assurance that has resulted in an Applicable PA Amount Reduction and a Credit Event occurs, occurs (i) Seller shall notify Buyer within five (5) Business Days of the occurrence of such Credit Event, (ii) the Applicable PA Amount Reduction shall be Zero Dollars ($0) and (iii) the aggregate amount of the Performance Assurance required to be delivered to Buyer and maintained pursuant to this Agreement shall be increased (with any then-issued Performance Assurance
Appears in 1 contract
Samples: Power Purchase Agreement