Credit Support Requirement. Stripe may require that you provide a guarantee (including a personal, parent or bank guarantee) or letter of credit in a form and substance that satisfies Stripe. In this event, Stripe will inform you of the amount of and the reasons for the requirement. If you are unable to satisfy the requirement when Stripe requires you to do so, Stripe may suspend or terminate your access to the Services.
Credit Support Requirement. The Company shall, and shall cause each of its Subsidiaries to, comply at all times with the Credit Support Requirement; it being understood and agreed that the Company may add (in the manner set forth in Section 7.2(I) or (J), as applicable) or remove one or more Subsidiaries from their status as either Subsidiary Guarantors or Pledged Foreign Subsidiaries so long as no Default has occurred and is continuing at such time and such addition or removal does not cause noncompliance with the Credit Support Requirement.
Credit Support Requirement. (a) On the Financial Closing Date, Seller shall provide to Purchaser Completion Security in an amount equal to $10/KW of the Committed Capacity of each Dedicated Unit; PROVIDED that if the Financial Closing Date does not occur on or before December 31, 1998, Seller shall post the Completion Security required by this Section 3.3(a) on the earlier of the (i) Financial Closing Date and (ii) January 31, 1999. If Seller fails to post Completion Security in the amount required under this Section 3.3(a), then either Party may terminate this Agreement upon five Business Days' prior written notice to the other Party and, upon such termination, neither Party shall have any further liabilities under this Agreement.
(b) Pursuant to the provisions contained in Sections 2 and 3 of Appendix G, Purchaser may require Seller to provide additional Completion Security, provided that the Completion Security with respect to each Dedicated Unit shall not exceed at any time $20/KW of the Committed Capacity of such Dedicated Unit.
(c) With respect to each Dedicated Unit, on the Commercial Operation Date, to the extent that the face amount of the Completion Security provided by Seller shall exceed $10/KW of the Committed Capacity, the excess Completion Security shall be surrendered for reduction to an amount equal to $10/KW of the Committed Capacity.
(d) With respect to each Dedicated Unit, Purchaser agrees to release any excess Completion Security at any time the face amount of the Completion Security shall exceed the amount of Completion Security required to be provided pursuant to this Agreement.
(e) To the extent that any Incremental Replacement Power Costs are due by Seller in accordance with Appendix G, then the Completion Security posted by Seller may be drawn by Purchaser or released to Seller to the extent of the Incremental Replacement Power Costs that are due in accordance with Appendix G. If the Completion Security is drawn pursuant to this Section 3.3(e), then (i) prior to the Commercial Operation Date, Seller shall have no obligation to replenish the Completion Security, but (ii) upon the Commercial Operation Date and thereafter, as required, Seller shall have the obligation to replenish the Completion Security to an amount equal to $10/KW of the Committed Capacity of each Dedicated Unit.
(f) If this Agreement is terminated by either Party in accordance with Section 3.3(a) (other than as a result of Purchaser's failure to cooperate in good faith with Seller to achieve...
Credit Support Requirement. As of the Closing Date, the Company is in compliance with the Credit Support Requirement.
