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 6(d)(v)(1) or Section 6(e) of the Cover Sheet4.2(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 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 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 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 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
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

Related to Maintenance of Seller’s Performance Assurance Requirement

  • 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.

  • 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.

  • Proof of Compliance with Workers’ Compensation Coverage Requirements An XXXXX form is NOT acceptable proof of workers’ compensation coverage. In order to provide proof of compliance with the requirements of the Workers’ Compensation Law pertaining to workers’ compensation coverage, a contractor shall:

  • 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 1. Neither Party may impose or enforce any of the following requirements, or enforce any commitment or undertaking, in connection with the establishment, acquisition, expansion, management, conduct or operation of an investment of an investor of a Party or of a non-Party in its territory:

  • Service Requirement Except as otherwise provided in Section 6(e) of the Plan or Section 2 of this Agreement, this Option may be exercised only while you continue to provide Service to the Company or any Affiliate, and only if you have continuously provided such Service since the Grant Date of this Option.

  • 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. General Liability: $1,000,000 each Occurrence/Aggregate Automobile Liability: $300,000 Includes owned, hired & non‐owned Workers' Compensation: Statutory limits for the jurisdiction in which the Vendor performs under this Agreement. If Vendor performs in multiple jurisdictions, Vendor shall maintain the statutory limits for the jurisdiction with the greatest dollar policy limit requirement. Umbrella Liability: $1,000,000 each Occurrence/Aggregate

  • Additional Service Requirements Grantee shall:

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