Performance Assurance Amount. Commencing with the Commercial Operation Date and for every Term Year during the Term, Seller shall post and maintain Performance Assurance in a dollar amount as shown on the chart below, but not less than One Million dollars ($1,000,000) for any Term Year. For purposes of the chart below, the first Term Year covers the period from the Commercial Operation Date to and including the end of the first Term Year. Term Year Performance Assurance Amount 1 1,902,000 2 1,902,000 3 3,170,000 4 3,170,000 5 3,170,000 6 3,804,000 7 3,804,000 8 3,804,000 9 3,804,000 10 3,804,000 11 3,804,000 12 3,804,000 13 3,804,000 14 3,804,000 15 3,804,000 16 3,170,000 17 3,170,000 18 1,902,000 19 1,902,000 20 1,902,000 Curtailed Return Term 1,902,000
Performance Assurance Amount. Eighty seven thousand five hundred dollars ($87,500) per MW of Nameplate Contract Capacity.
Performance Assurance Amount. (a) Seller shall provide to, and maintain with, Buyer, collateral, in the form of a Letter of Credit. The collateral amount shall be equal to One Hundred Thousand Dollars and Zero Cents for each megawatt of Contract Capacity, or One Million Nine Hundred Sixty Thousand Dollars ($1,960,000). The collateral shall be posted with Anaheim on or before, but in no event later than the commencement of the Commercial Operation Date.
Performance Assurance Amount. Commencing with the Commercial Operation Date and for every Term Year during the Term, Seller shall post and maintain Performance Assurance in a dollar amount ($) equal to the percentage of total Term Project revenues as shown on the chart below, but not less than one million dollars ($1,000,000) for any Term Year. For purposes of the chart below, the first Term Year covers the period from the Commercial Operation Date to and including the end of the first Term Year. Term Year Percentage of Total Term Project Revenues 20 Year Term 15 Year Term 10 Year Term 1 3.0% 3.0% 3.0% 2 3.0% 3.0% 5.0% 3 5.0% 5.0% 5.0% 4 5.0% 6.0% 6.0% 5 5.0% 6.0% 6.0% 6 6.0% 6.0% 6.0% 7 6.0% 6.0% 6.0% 8 6.0% 6.0% 5.0% 9 6.0% 6.0% 5.0% 10 6.0% 6.0% 3.0% The contents of this document are subject to restrictions on disclosure as set forth herein. Article One -- §1.07 Special Conditions 11 6.0% 6.0% 12 6.0% 5.0% 13 6.0% 5.0% 14 6.0% 3.0% 15 6.0% 3.0% 16 5.0% 17 5.0% 18 3.0% 19 3.0% 20 3.0%
Performance Assurance Amount. The Performance Assurance Amount shall be calculated pursuant to the following formula: PERFORMANCE ASSURANCE AMOUNT, in dollars ($) = A x B x C x D Where: A = Nameplate Contract Capacity, in MW B = 4,380 hr C = Energy Price, in MWh, as set forth in Section 1.06(b) D = 0.30
Performance Assurance Amount. (a) Seller shall provide to, and maintain with, Buyer, collateral, in the form of a Letter of Credit from a bank with a long term debt rating from at least two rating agencies of at least “A‐“ or equivalent (or if only one rating is available, a rating of at least “AA‐“ or equivalent) acceptable to Anaheim, as long as Seller does not maintain Credit Ratings of at least BBB‐ from S&P, Baa3 from Xxxxx'x, or BBB‐ from Fitch. The collateral amount shall be equal to One Hundred Thousand Dollars and Zero Cents for each megawatt of Contract Capacity ($100,000.00 * 2
Performance Assurance Amount. Commencing with the Commercial Operation Date and for every Term Year during the Term, Seller shall post and maintain Performance Assurance in a dollar amount as shown on the chart below, but not less than one million dollars ($1,000,000) for any Term Year. For purposes of the chart below, the first Term Year covers the period from the Commercial Operation Date to and including the end of the first Term Year. Term Year Performance Assurance Amount ($/kW of Contract Capacity) 1 $177.19 2 $177.19 3 $295.32 4 $295.32 5 $295.32 6 $354.38 7 $354.38 8 $354.38 9 $354.38 10 $354.38 11 $354.38 12 $354.38 13 $354.38 14 $354.38 15 $354.38 16 $295.32 17 $295.32 18 $177.19 19 $177.19 20 $177.19 Curtailed Return Term $177.19
Performance Assurance Amount. Commencing with the Commercial Operation Date and for every Term Year during the Term, Seller shall post and maintain Performance Assurance in the amount of Five Million Four Hundred Sixty Thousand dollars ($5,460,000.00).
Performance Assurance Amount. Seller shall post and thereafter maintain security (“Performance Assurance”) equal to [To be Inserted] Dollars ($[__________]), in accordance with the following terms and conditions: Seller shall post [Insert 2% of total contract price] ($[__________]) of Performance Assurance on or before the Execution Date and the remaining amount of [To be Inserted] Dollars ($[__________]) within ten (10) Business Days after CPUC Approval; Performance Assurance shall be held by SDG&E as security for Seller’s obligations under the Agreement; The Performance Assurance must be in the form of either Cash or a Letter of Credit; If Seller posts any Performance Assurance in Cash, Seller will receive Interest Amounts in accordance with the procedure specified in Section 5.4(a)(ii); and If Seller establishes the Performance Assurance by means of a Letter of Credit, such Letter of Credit must be provided substantially in the form of Exhibit A.
Performance Assurance Amount. The Performance Assurance Amount will be calculated in accordance with Exhibit P.
