Common use of Posting Requirements Clause in Contracts

Posting Requirements. Seller shall post the Development Security in accordance with the following terms and conditions: (i) Seller shall post one-half of the Development Security within five (5) Business Days following the Effective Date, with the remainder to be posted no later than five (5) Business Days after CPUC Approval is obtained or waived by SCE in its sole discretion; (ii) The Development Security must be in the form of cash or a Letter of Credit; and (iii) The Development Security and any interest accrued thereon in accordance with Section 7.03(a) shall be held by SCE as security for Seller achieving the Initial Delivery Date on or before the Initial Delivery Deadline and demonstrating that the Project is capable of providing the Contracted Amount in accordance with the terms of this Agreement.

Posting Requirements. Seller shall post the Development Security in accordance with the following terms and conditions: (i) : Seller shall post one-half of the Development Security within five (5) Business Days following the Effective Date, with the remainder to be posted no later than five (5) Business Days after CPUC Approval is obtained or waived by SCE in its sole discretion; (ii) ; The Development Security must be in the form of cash or a Letter of Credit; and (iii) and The Development Security and any interest accrued thereon in accordance with Section 7.03(a) shall be held by SCE as security for Seller achieving the Initial Delivery Date on or before the Expected Initial Delivery Deadline and demonstrating that the Project is capable of providing the Contracted Amount in accordance with the terms of this AgreementDate.

Posting Requirements. Seller shall post the Development Security in accordance with the following terms and conditions: (i) : Seller shall post one-half of the Development Security within five (5) Business Days following the Effective Date, with the remainder to be posted no later than five (5) Business Days after CPUC Approval is obtained or waived by SCE in its sole discretion; (ii) ; The Development Security must be in the form of cash or a Letter of Credit; and (iii) and The Development Security and any interest accrued thereon in accordance with Section 7.03(a) shall be held by SCE as security for Seller achieving the Initial Delivery Date on or before the Initial Delivery Deadline and demonstrating that the Project is capable of providing the Contracted Amount in accordance with the terms of this Agreement.