Initial Contract Security. On or before the Effective Date, unless otherwise agreed to by NYSERDA, Seller must provide Contract Security, in the form of cash, certified funds or a Letter of Credit conforming to the requirements of Section 15.03, in an amount equal to the product of the Offer Capacity (in MW) and five thousand dollars ($5,000).
Appears in 3 contracts
Samples: Purchase and Sale Agreement, Purchase and Sale Agreement, portal.nyserda.ny.gov
Initial Contract Security. On Prior to or before upon the Effective Date, unless otherwise agreed to by NYSERDA, Seller must provide Contract Security in an amount equal to the Bid Quantity multiplied by forty dollars ($40.00). Seller shall provide to NYSERDA Contract Security, in the form of cash, certified funds funds, or a Letter of Credit conforming to the requirements of in Section 15.03, in an amount equal to the product of the Offer Capacity (in MW) and five thousand dollars ($5,000)15.04.
Appears in 1 contract
Samples: Build Ready Standard Agreement
