Common use of Maintenance of Seller’s Performance Assurance Requirement Clause in Contracts

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.

Appears in 6 contracts

Samples: Master Renewable Energy Credit Purchase and Sale Agreement, Master Renewable Energy Credit Purchase and Sale Agreement, Renewable Energy Credit Purchase and Sale Agreement

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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)(v4.2(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 Requirement.

Appears in 4 contracts

Samples: Master Renewable Energy Credit Purchase and Sale Agreement, Master Renewable Energy Credit Purchase and Sale Agreement, Renewable Energy Credit Purchase and Sale Agreement

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.

Appears in 2 contracts

Samples: Master Renewable Energy Credit Purchase and Sale Agreement, Master Renewable Energy Credit Purchase and Sale Agreement

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.Should

Appears in 2 contracts

Samples: Renewable Energy Credit Purchase and Sale Agreement, Master Renewable Energy Credit Purchase and Sale Agreement

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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)(v4.2(c)(v)(A) or Section 4.2(d) (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. Requirement.63 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.

Appears in 1 contract

Samples: Renewable Energy Credit Purchase and Sale Agreement

Maintenance of Seller’s Performance Assurance Requirement. In the event Buyer draws on Seller’s Performance Assurance pursuant to Section 4.2(c)(v4.2(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. Requirement.62 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.

Appears in 1 contract

Samples: Master Renewable Energy Credit Purchase and Sale Agreement

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