Performance Bond/Letter of Credit. A Performance Bond or an Irrevocable Standby Letter of Credit in the form reasonably acceptable to Hawaiian Electric shall be furnished by Seller and deposited with Hawaiian Electric in the amount of five million dollars ($5,000,000.00), guaranteeing Seller’s full compliance with and performance under this Contact. The Performance Bond or Irrevocable Standby Letter of Credit shall remain in effect from the Effective Date until the end of the Original Term. Said Bond is to be submitted to Hawaiian Electric no later than thirty (30) Days following the Effective Date.
Performance Bond/Letter of Credit. A Performance Bond or an Irrevocable Standby Letter of Credit in the form reasonably acceptable to HECO shall be furnished by Supplier and deposited with HECO in the amount of five million dollars ($5,000,000.00), guaranteeing Supplier’s full compliance with and performance under this Contact. The Performance Bond or Irrevocable Standby Letter of Credit shall remain in effect from the Effective Date until the end of the Term. Said Bond is to be submitted to HECO no later than thirty (30) days following the Effective Date.
Performance Bond/Letter of Credit. A Performance Bond or an Irrevocable Standby Letter of Credit in the form reasonably acceptable to the Companies shall be furnished by SELLER and deposited with the Companies in the amount of $ , guaranteeing SELLER’s full compliance with and performance under this Contract. The Performance Bond or Irrevocable Standby Letter of Credit shall remain in effect from the Effective Date until the end of the Original Term or through any contract Extensions. Said Bond or Letter of Credit is to be submitted to the Companies no later than thirty (30) Days following the Effective Date. No special payments shall be made by the Companies to SELLER in respect to premiums for a bond or letter of credit.
Performance Bond/Letter of Credit. Palcare shall provide evidence of security for completion of the Capital Expansion in the form of either (a) or (b) below:
Performance Bond/Letter of Credit. A Performance Bond or an Irrevocable Standby Letter of Credit in the form reasonably acceptable to the Companies shall be furnished by Seller and deposited with the Companies in the amount of ($ ), guaranteeing Seller’s full compliance with and performance under this Contact. The Performance Bond or Irrevocable Standby Letter of Credit shall remain in effect from the Effective Date until the end of the Original Term. Said Bond is to be submitted to the Companies no later than thirty (30) Days following the Effective Date.
Performance Bond/Letter of Credit. Prior to commencement of the On-Site Infrastructure Improvements, USM shall cause to be furnished to the City a performance bond in conformity with § 2.2-4337 of the Code or letter of credit in conformity with § 2.2-4338 of the Code payable to the City and in the amount of the OSI Construction Costs. The performance bond or letter of credit shall be conditioned upon the faithful performance of this Agreement in strict conformity with the terms and conditions of this Agreement. If a surety bond, the bond shall be executed by one or more surety companies selected by USM which are licensed and legally authorized to conduct the business of insurance, including surety, within the Commonwealth of Virginia.
Performance Bond/Letter of Credit. INSURANCE, AND INDEMNIFICATION
Performance Bond/Letter of Credit. The County shall require Palcare to provide evidence of security for completion of the Capital Expansion in the form of either (a) or (b) below:
Performance Bond/Letter of Credit. Upon the execution of this Concession and prior to commencing operations under this Concession, CONCESSIONAIRE shall provide ENGLAND AUTHORITY with an irrevocable bank letter of credit, cash deposit, or performance bond in the amount of Sixty Thousand Dollars ($60,000.00). The letter of credit, cash deposit or performance bond shall be held by the ENGLAND AUTHORITY throughout the Term and may be applied by the ENGLAND AUTHORITY against any debt owed to it by CONCESSIONAIRE.
Performance Bond/Letter of Credit. A Performance Bond or an Irrevocable Standby Letter of Credit in the form reasonably acceptable to HECO shall be furnished by Supplier and deposited with HECO in the amount of [****] dollars ($[****]), guaranteeing Supplier’s full compliance with and performance under this Contact. HECO shall pay [****] of the cost of the Performance Bond for each calendar year the Performance Bond is required to be in effect in an amount not to exceed $[****] subject to per gallon pro rata reimbursement based on purchases of Biodiesel. In exchange for contributing to the cost of the Performance Bond, HECO shall receive a credit of $[****] per gallon for each gallon purchased in any calendar year up to a maximum annual credit equal to the amount paid by HECO for the Performance Bond in that calendar year. The Performance Bond or Irrevocable Standby Letter of Credit shall remain in effect from the Commencement Date until December 31, 2011. Said Bond is to be submitted no later than ninety (90) days prior to the Commencement Date. [****] Certain information on this page has been omitted and filed separately with the Securities and Exchange Commission. Confidential treatment has been requested with respect to the omitted portions.
