Common use of Initial Contract Security Clause in Contracts

Initial Contract Security. No more than five (5) Business Days after the Effective Date, unless otherwise agreed to by NYSERDA, Seller must provide Contract Security, in the form of cash, certified funds, a Letter of Credit conforming to the requirements of Section 15.03, or an Acceptable Guaranty conforming to the requirements of Section 15.05, in an amount equal to the product of the Offer Capacity (in MW) and five thousand dollars ($5,000). Seller may provide the Contract Security through any combination of the forms set forth in the preceding sentence.

Initial Contract Security. No more than five (5) Business Days after the Effective Date, unless otherwise agreed to by NYSERDA, Seller must provide Contract Security, in the form of cash, certified funds, a Letter of Credit conforming to the requirements of Section 15.03, or an Acceptable Guaranty conforming to the requirements of Section 15.05, in an amount equal to the product of the Offer Capacity (in MW) and five forty thousand dollars ($5,000). 40,000) Seller may provide the Contract Security through any combination of the forms set forth in the preceding sentence.

Initial Contract Security. No more than five (5) Business Days after the Effective Date, unless otherwise agreed to by NYSERDA, Seller must provide Contract Security, in the form of cash, certified funds, a Letter of Credit conforming to the requirements of Section 15.03, or an Acceptable Guaranty conforming to the requirements of Section 15.05, in an amount equal to the product of the Offer Capacity (in MW) and five forty thousand dollars ($5,000). 40,000) Seller may provide the Contract Security through any combination of the forms set forth in the preceding sentence.. 57

Initial Contract Security. No more than five (5) Business Days after the Effective Date, unless otherwise agreed to by NYSERDA, Seller must provide Contract Security, in the form of cash, certified funds, a Letter of Credit conforming to the requirements of Section 15.03, or an Acceptable Guaranty conforming to the requirements of Section 15.05, in an amount equal to the product of the Offer Capacity (in MWi) the Bid Quantity and five thousand (ii) four dollars ($5,0004.00). Seller may provide the Contract Security through any combination of the forms set forth in the preceding sentence.

Initial Contract Security. No more than five (5) Business Days after the Effective Date, unless otherwise agreed to by NYSERDA, Seller must provide Contract Security, in the form of cash, certified funds, a Letter of Credit conforming to the requirements of Section 15.03, or an Acceptable Guaranty conforming to the requirements of Section 15.05, in an amount equal to $59,736,000, representing (i) the product of the Offer Capacity (in MW) and five forty thousand dollars ($5,000)40,000) plus (ii) an additional $27,336,000 representing the amount of contract security that was previously provided pursuant to the Terminated PSA. Seller may provide the Contract Security through any combination of the forms set forth in the preceding sentence.

Initial Contract Security. No more than five (5) Business Days after the Effective Date, unless otherwise agreed to by NYSERDA, Seller must provide Contract SecuritySecurity , in the form of cash, certified funds, a Letter of Credit conforming to the requirements of Section 15.03, or an Acceptable Guaranty conforming to the requirements of Section 15.05, in an amount equal to the product of the Offer Capacity (in MW) and five thousand dollars ($5,000). Seller may provide the Contract Security through any combination of the forms set forth in the preceding sentence.