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.
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Samples: Renewable Power Purchase and Sale Agreement (Montauk Renewables, Inc.), Renewable Power Purchase and Sale Agreement, Renewable Power Purchase and Sale Agreement
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.
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