Common use of Form and Amount of Project Development Security Clause in Contracts

Form and Amount of Project Development Security. On or before the date specified in Section 2.3(a), Seller shall post and maintain in favor of PacifiCorp (a) a guaranty from a party that satisfies the Credit Requirements, in substantially the form attached hereto as Exhibit D, or (b) a Letter of Credit in favor of PacifiCorp, in a form acceptable to PacifiCorp in its reasonable discretion, equal in each case to two hundred dollars ($200) per kW of Expected Nameplate Capacity Rating (the “Project Development Security”). Seller and any entity providing a guaranty shall provide within five (5) Business Days from receipt of a written request from PacifiCorp all reasonable financial records necessary for PacifiCorp to confirm the guarantor satisfies the Credit Requirements.

Form and Amount of Project Development Security. On or before the date specified in Section 2.3(a), Seller shall post and maintain in favor of PacifiCorp (a) a guaranty from a party an entity that satisfies the Credit Requirements, in substantially the form attached hereto as Exhibit D, or (b) a Letter of Credit in favor of PacifiCorp, in a form acceptable to PacifiCorp in its reasonable discretion, equal in each case to two hundred dollars ($200) per kW of Expected Nameplate Capacity Rating (the “Project Development Security”). Seller and any entity providing a guaranty shall provide within five (5) Business Days from receipt of a written request from PacifiCorp all reasonable financial records necessary for PacifiCorp to confirm the guarantor satisfies the Credit Requirements.

Form and Amount of Project Development Security. On If at any xxxx Xxxxxx does not satisfy the Credit Requirements, then on or before the date specified in Section 2.3(a2.3(b), Seller shall post and maintain in favor of PacifiCorp (a) a guaranty from a party that satisfies the Credit Requirements, in substantially the form attached hereto as Exhibit D, or (b) a Letter of Credit in favor of PacifiCorp, in a form acceptable to PacifiCorp in its reasonable discretion, equal in each case to two hundred dollars ($200) [ ]3 per kW of Expected Nameplate Capacity Rating (the “Project Development Security”). Seller and any entity providing a guaranty shall provide within five (5) Business Days from receipt of a written request from PacifiCorp all reasonable financial records necessary for PacifiCorp to confirm the guarantor satisfies the Credit Requirements.

Form and Amount of Project Development Security. On If at any xxxx Xxxxxx does not satisfy the Credit Requirements, then on or before the date specified in Section 2.3(a), Seller shall post and maintain in favor of PacifiCorp (a) a guaranty from a party that satisfies the Credit Requirements, in substantially the form attached hereto as Exhibit DC, or (b) a Letter of Credit in favor of PacifiCorp, in a form acceptable to PacifiCorp in its reasonable discretion, equal in each case to two hundred twenty five dollars ($20025) per kW of Expected Nameplate Capacity Rating (the “Project Development Security”). Seller and any entity providing a guaranty shall provide within five (5) Business Days from receipt of a written request from PacifiCorp all reasonable financial records necessary for PacifiCorp to confirm the guarantor satisfies the Credit Requirements.