Maintenance of Seller’s Performance Assurance Requirement Sample Clauses

Maintenance of Seller’s Performance Assurance Requirement. In the event Buyer draws on Seller’s Performance Assurance pursuant to Section 4.2(c)(v) (or as otherwise provided herein), Seller shall be required, within ninety (90) days of such drawing, to post as Seller’s Performance Assurance additional collateral to maintain or restore the Performance Assurance Requirement. Should payment be due to Seller during this ninety (90) day period, Seller may request for a portion or all of the payments to be withheld, and if so requested, Buyer shall withhold such payments, to maintain such Performance Assurance Requirement.
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Maintenance of Seller’s Performance Assurance Requirement. In the event Buyer draws on Seller’s Performance Assurance pursuant to Section 4.2(c)(v)6(d)(v)(1) or Section 6(e) of the Cover Sheet (or as otherwise provided herein), Seller shall be required, within ninety (90) days of such drawing, to post as Seller’s Performance Assurance additional collateral to maintain or restore the Performance Assurance Amount. Requirement. Should payment be due to Seller during this ninety (90) day period, Seller may request for a portion or all of the payments to be withheld, and if so requested, Buyer shall withhold such payments, to maintain such Performance Assurance Amount.Requirement.
Sample 1
Maintenance of Seller’s Performance Assurance Requirement. In the event Buyer draws on Seller’s Performance Assurance pursuant to Section 4.2(c)(v)(A) (or as otherwise provided herein), Seller shall be required, within ninety (90) days of such drawing, to post as Seller’s Performance Assurance additional collateral to maintain or restore the Performance Assurance Requirement. Should payment be due to Seller during this ninety (90) day period, Seller may request for a portion or all of the payments to be withheld, and if so requested, Buyer shall withhold such payments, to maintain such Performance Assurance 27 The sample invoice prepared by the IPA for Seller’s convenience may not account for any election that Seller may make related to the option to withhold the payment in exchange for a reduction in the letter of credit amount. Seller is responsible for ensuring the information included in Seller’s invoice to Buyer is correct.
Sample 1
Maintenance of Seller’s Performance Assurance Requirement. In the event Buyer draws on Seller’s Performance Assurance pursuant to Section 6(d)(v)(1) or Section 6(e) of the Cover Sheet4.2(c)(v)(A) (or as otherwise provided herein), Seller shall be required, within ninety (90) days of such drawing, to post as Seller’s Performance Assurance additional collateral to maintain or restore the Performance Assurance Amount. Requirement. Should payment be due to Seller during this ninety (90) day 28 The sample invoice prepared by the IPA for Seller’s convenience may not account for any election that Seller may make related to the option to withhold the payment in exchange for a reduction in the letter of credit amount. Seller is responsible for ensuring the information included in Seller’s invoice to Buyer is correct. period, Seller may request for a portion or all of the payments to be withheld, and if so requested, Buyer shall withhold such payments, to maintain such Performance Assurance Amount.Requirement.
Sample 1
Maintenance of Seller’s Performance Assurance Requirement. In the event Buyer draws on Seller’s Performance Assurance pursuant to Section 6(d)(v)(1)4.2(c)(v)(A) or Section 6(e) of the Cover Sheet4.2(d) (or as otherwise provided herein), Seller shall be required, within ninety (90) days
Sample 1
Maintenance of Seller’s Performance Assurance Requirement. In the event Buyer draws on Seller’s Performance Assurance pursuant to Section 4.2(c)(v) (or as otherwise provided herein), Seller shall be required, within ninety (90) days of such drawing, to post as Seller’s Performance Assurance additional collateral to maintain or restore the Performance Assurance Requirement. Should payment be due to Seller during this ninety (90) day period, Seller may request for a portion or all of the payments to be withheld, and if so requested, Buyer shall withhold such payments, to maintain such Performance Assurance Requirement. Return of Seller’s Performance Assurance and Reduction in Performance Assurance Amount. For avoidance of doubt, unless provided elsewhere, Seller’s Performance Assurance once posted will be held by Buyer through the annual review process pursuant to Section 4.2(c) of the Designated System with the latest Delivery Term expiry date within a Product Order in accordance with Section 7.1(e)(iv) and Section 7.1(e)(v) below. The Performance Assurance Amount held by Buyer may exceed the Performance Assurance Requirement and shall not be reduced unless: Buyer withholds REC payment of a Designated System pursuant to Section 7.1(c) and/or Section 7.1(d) and applies such withheld payment to the Performance Assurance Requirement, in which case the Performance Assurance Amount that is attributable to such Designated System shall be reduced to be commensurate with such Designated System’s Collateral Requirement calculated on the day such payment is withheld; Buyer refunds a portion of Seller’s Performance Assurance Amount in accordance with the terms of this Agreement, including but not limited to Section 2.4(b)(iii), Section 3.6, Section 7.2, Section 10.1, Section 11.1 and Section 13.1. For purposes of making a refund associated with the removal of the Designated System that has been Energized, the amount to be refunded shall be equal to Collateral Requirement indicated in the relevant Schedule A to Product Order less any Drawdown Payments associated with such Designated System that have been made during the Delivery Term of such Designated System (provided that the requested refund amount shall not cause the Performance Assurance Amount to be less than the Performance Assurance Requirement calculated for Designated Systems that remain under the Agreement; otherwise, the maximum amount that could be refunded shall be equal to the Performance Assurance Amount less the Performance Assurance Requirement calculated for...
Sample 1

Related to Maintenance of Seller’s Performance Assurance Requirement

  • Listing and Maintenance Requirements Compliance The Company has not in the two years preceding the date hereof received written notice from any stock exchange, market or trading facility on which the Common Stock is or has been listed or quoted to the effect that the Company is not in compliance with the listing, maintenance or other requirements of such exchange, market, trading or quotation facility. The Company has no reason to believe that it does not now or will not in the future meet any such requirements.

  • Quality Assurance Requirements There are no special Quality Assurance requirements under this Agreement.

  • Maintenance Requirements The Contractor shall ensure and procure that at all times during the Maintenance Period, the Project Highway conforms to the maintenance requirements set forth in Schedule-E (the “Maintenance Requirements”).

  • CONTRACT COMPLIANCE REQUIREMENT The HUB requirement on this Contract is 0%. The student engagement requirement of this Contract is 0 hours. The Career Education requirement for this Contract is 0 hours. Failure to achieve these requirements may result in the application of some or all of the sanctions set forth in Administrative Policy 3.10, which is hereby incorporated by reference.

  • Listing and Maintenance Requirements The Common Stock is registered pursuant to Section 12(b) or 12(g) of the Exchange Act, and the Company has taken no action designed to, or which to its knowledge is likely to have the effect of, terminating the registration of the Common Stock under the Exchange Act nor has the Company received any notification that the Commission is contemplating terminating such registration. The Company has not, in the 12 months preceding the date hereof, received notice from any Trading Market on which the Common Stock is or has been listed or quoted to the effect that the Company is not in compliance with the listing or maintenance requirements of such Trading Market. The Company is, and has no reason to believe that it will not in the foreseeable future continue to be, in compliance with all such listing and maintenance requirements.

  • Subcontractor Insurance Requirements Consultant shall require each of its subcontractors that perform services under this Agreement to maintain insurance coverage that meets all of the requirements of this Section 11.

  • Contractor Insurance Requirements When performing Work on property in the care, custody, or control of the Judicial Council, the Contractor shall maintain all commercial general liability insurance, workers’ compensation insurance, and any other insurance the Judicial Council deems appropriate under the Agreement. Upon request from the Judicial Council, the Contractor shall furnish an insurance certificate evidencing required insurance coverage acceptable to the Judicial Council. The Contractor may also be required to have the Judicial Council shown as an additional insured on selected policies.

  • Performance Requirements A. There is no guaranteed minimum amount of work which will be ordered under this Contract. B. The total Contract amount will not exceed $4,900,000. C. This is a Contract for work specified in individual Job Orders. Work ordered prior to but not completed by the expiration of the Contract period, and any additional work required as a result of unforeseen conditions encountered during construction up to six (6) months after the contract expiration date, will be completed with all provisions of this Contract still in force. Performance time for each Job Order issued under this Contract will be determined in accordance with the Contract. This performance time will be determined and agreed upon by both Parties for each individual Job Order. Contractor must self-perform 20% of the Work under this Contract for ‘A’ and ‘B’ licenses. Contractor must self-perform 75% of the Work under this Contract, unless otherwise approved by the County, for ‘C’ licenses. D. This is an indefinite-quantity Contract for the supplies or services specified and effective for the period stated. Work or performance shall be made only as authorized by Job Orders issued in accordance with the ordering procedures clause. The Contractor agrees to furnish to the County when and if ordered, the supplies or services specified in the Contract up to and including the quantity designated in the Job Orders issued as the maximum designated in the Contract.

  • Review of insurance requirements The Security Trustee shall be entitled to review the requirements of this Clause 13 from time to time in order to take account of any changes in circumstances after the date of this Agreement which are, in the opinion of the Majority Lenders, significant and capable of affecting the Owners or the Ships and their insurance (including, without limitation, changes in the availability or the cost of insurance coverage or the risks to which the Owners may be subject), and may appoint insurance consultants in relation to this review at the cost of the Borrower.

  • Insurance Requirements Vendor agrees to maintain the following minimum insurance requirements for the duration of this Agreement. All policies held by Vendor to adhere to this term shall be written by a carrier with a financial size category of VII and at least a rating of “A‐” by A.M. Best Key Rating Guide. The coverages and limits are to be considered minimum requirements and in no way limit the liability of the Vendor(s). Any immunity available to TIPS or TIPS Members shall not be used as a defense by the contractor's insurance policy. Only deductibles applicable to property damage are acceptable, unless proof of retention funds to cover said deductibles is provided. "Claims made" policies will not be accepted. Vendor’s required minimum coverage shall not be suspended, voided, cancelled, non‐renewed or reduced in coverage or in limits unless replaced by a policy that provides the minimum required coverage except after thirty (30) days prior written notice by certified mail, return receipt requested has been given to TIPS or the TIPS Member if a project or pending delivery of an order is ongoing. Upon request, certified copies of all insurance policies shall be furnished to the TIPS or the TIPS Member. Vendor agrees that when Vendor or its subcontractors are liable for any damages or claims, Vendor’s policy, shall be primary over any other valid and collectible insurance carried by the Member or TIPS.

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