Notice and Time for Establishing Credit Support. Seller shall Notify Buyer at least 45 Days before the date that Seller estimates Financial Close to occur, and Buyer shall establish the Credit Support required by section 14.1 and Exhibit 14 at least 30 Days prior to Seller’s estimated date of Financial Close; except that Public Utilities with a legal duty to serve under the Public Utilities Act and which are allowed to recover the cost of this agreement from such customers are not required to establish Credit Support.
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Notice and Time for Establishing Credit Support. Seller shall Notify Buyer at least 45 Days before the date that Seller estimates Financial Close to occur, and Buyer shall establish the Credit Support required by section 14.1 and Exhibit 14 at least 30 Days prior to Seller’s estimated date of Financial Close; except that Public Public118Electric119 Utilities with a legal duty to serve under the Public Utilities Act and which are allowed to recover the cost of this agreement from such customers are 120are not required to establish Credit Support.
Appears in 1 contract
Samples: Power Purchase Agreement
Notice and Time for Establishing Credit Support. If Seller is required to establish Credit Support under section 14.1, Seller shall Notify Buyer at least 45 Days before the date that Seller estimates Financial Close to occur, and Buyer shall establish the Credit Support required by section 14.1 and Exhibit 14 at least 30 Days prior to Seller’s estimated date of Financial Close; except that Public Utilities with a legal duty to serve under the Public Utilities Act and which are allowed to recover the cost of this agreement from such customers are not required to establish Credit Support.
Appears in 1 contract
Samples: Power Purchase Agreement
