CUSTOMER DEPOSIT. In addition to all other payment and Performance Assurance obligations, the Customer shall, prior to [DATE] (and by December 31st of each subsequent year the Agreement is in effect): (i) Pay to Cooperative a sum equal to the amount necessary to purchase a bond or secondary insurance policy equal to the amount of two times the estimated monthly average [RATE SCHEDULE] xxxxxxxx; or (ii) Provide a surety bond issued by any Certified Company listed on the most recent version of the U.S. Department of the Treasury's Circular 570 naming Cooperative as the beneficiary thereof and in an amount equal to two times the estimated monthly average [RATE SCHEDULE] xxxxxxxx.
Appears in 9 contracts
Samples: Commercial and Industrial Renewable Energy Program Purchase Agreement, Purchase Agreement, Commercial and Industrial Renewable Energy Program Purchase Agreement
CUSTOMER DEPOSIT. In addition to all other payment and Performance Assurance obligations, the Customer shall, prior to [DATE] (and by December 31st of each subsequent year the Agreement is in effect):
(i) Pay to Cooperative a sum equal to the amount necessary to purchase a bond or secondary insurance policy equal to the amount of two times the estimated monthly average [RATE SCHEDULE] xxxxxxxx; or
(ii) Provide a surety bond issued by any Certified Company listed on the most recent version of the U.S. Department of the Treasury's Circular 570 naming Cooperative as the beneficiary thereof and in an amount equal to two times the estimated monthly average [RATE SCHEDULE] xxxxxxxx.. Early Termination Payment CalculationP. UBLIC SERVICE COMMISSION
Appears in 1 contract
Samples: Purchase Agreement
