Common use of Operations Security Deposit Clause in Contracts

Operations Security Deposit. (i) Not later than thirty (30) Days after the Supply Commencement Date, the Company shall provide to BPDB a security deposit (the “Operations Security Deposit”) in an amount equal to six (6) Months of Capacity Payments based on Contracted Capacity to ensure the proper supply & delivery of electric power to BPDB.

Appears in 4 contracts

Samples: Power Purchase Agreement, Power Purchase Agreement, Power Purchase Agreement

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