Initial Amounts. Prior to NCPA providing Services, Customer shall deposit into a Security Account held by NCPA an amount equal to the highest three (3) months of estimated CAISO invoices for the succeeding twelve (12) months; provided, however, that such deposit may be satisfied in whole or in part either in cash or through a clean, irrevocable letter of credit satisfactory to the General Manager. NCPA shall maintain a detailed accounting of Customer’s deposit in the Security Account.
Initial Amounts. NCPA shall notify each Participant three months prior to the expected initial delivery of power of the initial security amounts which Participant shall be obligated to pay for under this Agreement. Each Participant shall ensure that sufficient funds are on deposit in the Security Account equal to the highest (3) months of the immediately following (12) months of estimated Project Costs ; provided, however, that such deposit may be satisfied, in whole or part, either in cash or through a letter of credit satisfactory to NCPA’s General Manager.
Initial Amounts. The Borrowing Base in effect on the date of this Agreement is hereby determined to be $150,000,000, and the Threshold Amount in effect on the date of this Agreement is hereby determined to be $60,000,000. The Borrowing Base and the Threshold Amount shall remain at the respective amounts determined pursuant to the first sentence of this Section 1.04(a) until the date on which (x) the Administrative Agent shall next establish the Borrowing Base and/or Threshold Amount, as the case may be, as provided in Section 1.04(b) hereof or Section 1.04(c) hereof or (y) the Borrowing Base and/or Threshold Amount is reduced pursuant to Section 2.09 hereof.
Initial Amounts. NCPA shall notify each Participant three (3) months prior to the expected initial delivery of Energy of the initial security amounts which Participant shall be obligated to pay for under this Agreement. Each Participant shall ensure that sufficient funds are on deposit in the Security Account equal to the highest (3) months of the immediately following (12) months of estimated Project Costs; provided, however, that such deposit may be satisfied, in whole or in part, either in cash, by posting an irrevocable standby letter of credit or furnishing any other negotiable instrument satisfactory to NCPA’s General Manager, exercising his or her reasonable discretion. Such Security Account will be separate and apart from any other security account held by NCPA on behalf of a Participant.
Initial Amounts. The Liquidated Damage amounts specified in Exhibit 7 shall be in effect July 1, 2007 through December 31, 2008.
Initial Amounts. Prior to NCPA providing Scheduling Coordination Services, a Participant shall deposit into the Balancing Account held by NCPA an amount equal to the highest three (3) months of estimated CAISO invoices for the succeeding twelve (12) months; provided, however, that such deposit may be satisfied in whole or in part either in cash or through a clean, irrevocable letter of credit satisfactory to the General Manager. NCPA shall maintain a detailed accounting of the share of each Participant’s deposit in the Balancing Account.
Initial Amounts. Prior to subscribing to a Contract Transaction a Participant shall insure that sufficient Security Deposit funds have been deposited with and are held by NCPA equal to the highest three
Initial Amounts. The minimum amounts of insurance that Licensee shall obtain and maintain are as follows:
13.2.1.11.2.1. Commercial General Liability Insurance shall be provided on ISO- CGL Form No. CG 00 01 01 96, or any updated replacement thereof. Policy limits shall be no less than One Million Dollars ($1,000,000.00) per occurrence for all coverages and Two Million Dollars ($2,000,000.00) general aggregate. Aggregate limit endorsements shall be evidenced on ISO Form CG 25 03 11 85. Coverage shall apply on a primary non- contributing basis in relation to any other insurance or self-insurance, primary or excess, available to the City or any officer, employee, agent or volunteer of the City. Coverage shall not be limited to the vicarious liability or supervisory role of any additional insured. There shall be no cross liability exclusion and no contractor limitation endorsement. In addition, there shall be no endorsement or modification limiting the scope of coverage for liability arising from pollution, explosion, collapse, underground property damage or employment-related practices. Any umbrella liability insurance provided to meet primary insurance limits shall apply to bodily injury, other personal injury or property damage at a minimum, and shall include a “drop down” provision providing primary coverage for liability not covered by primary policies but covered by the umbrella policy. Coverage shall be as broad as any underlying coverage. Coverage shall be provided with defense costs payable in addition to policy limits. Policy limits shall be not less than One Million Dollars ($1,000,000.00) per occurrence and in the aggregate above any limits required in the underlying policies. The policy shall have starting and ending dates concurrent with the underlying coverages. Licensee waives any right of subrogation it may have against the City.
13.2.2.11.2.2. Business Automobile Coverage shall be provided on ISO Business Auto Coverage Form CA 00 01 12 93, or any updated replacement thereof, including symbol 1 (Any Auto). Limits shall be no less than One Million Dollars ($1,000,000.00) per accident and in the aggregate. The policy shall be scheduled as underlying insurance to any umbrella policy required above for a total limit of no less than $1 million each accident.
13.2.3.11.2.3. Licensee shall provide workers’ compensation statutory benefits as required by law. Employer’s liability limits shall be no less than One Million dollars ($1,000,000.00) per accident or disease....
Initial Amounts. Prior to subscribing to an Eligible Gas Purchase, a Participant shall deposit into the Security Account held by NCPA on account equal to the highest three (3) months of estimated Commodity Costs for all Eligible Gas Purchases Participant has or will subscribe to as estimated by NCPA; provided, however, that such deposit may be satisfied in whole or in part either in cash or through a clean, irrevocable letter of credit satisfactory to NCPA’s General Manager.
Initial Amounts. Each Participant shall insure that sufficient Security Deposit funds have been deposited with and are held by NCPA equal to the highest three (3) months of estimated Project Costs, as estimated by NCPA. Such Security Deposit requirement may be satisfied by Participant in whole or part either in cash, through irrevocable commitment of its uncommitted funds held in the General Operating Reserve in accordance with Section 5.1, or through a clean, irrevocable letter of credit satisfactory to NCPA’s General Manager.
