Posting Requirements. Owner shall post the Development Security in accordance with the following terms and conditions: (i) Owner shall post the Development Security simultaneously with Owner’s execution and delivery of this Agreement; (ii) The Development Security must be in the form of cash or a Letter of Credit, substantially in the form of Exhibit N; and (iii) The Development Security and any interest accrued thereon in accordance with Section 7.3(a) shall be held by CHGE as security for Owner’s obligations under this Agreement, including achieving the Commercial Operation Date on or before the Guaranteed Commercial Operation Deadline.
Appears in 2 contracts
Samples: Energy Storage Services Agreement, Energy Storage Services Agreement
Posting Requirements. Owner shall post the Development Security in accordance with the following terms and conditions:
(i) : Owner shall post the Development Security simultaneously with Owner’s execution and delivery of this Agreement;
(ii) ; The Development Security must be in the form of cash or a Letter of Credit, substantially in the form of Exhibit N; and
(iii) and The Development Security and any interest accrued thereon in accordance with Section 7.3(a) shall be held by CHGE as security for Owner’s obligations under this Agreement, including achieving the Commercial Operation Date on or before the Guaranteed Commercial Operation Deadline.
Appears in 2 contracts
Samples: Energy Storage Services Agreement, Energy Storage Services Agreement
Posting Requirements. Owner shall post the Development Security in accordance with the following terms and conditions:
(i) Owner shall post the Development Security simultaneously with Owner’s execution and delivery of this Agreement;
(ii) The Development Security must be in the form of cash or a Letter of Credit, substantially in the form of Exhibit N; and
(iii) The Development Security and any interest accrued thereon in accordance with Section 7.3(a7.03(a) shall be held by CHGE O&R as security for Owner’s obligations under this Agreement, including achieving the Commercial Operation Date on or before the Guaranteed Commercial Operation Deadline.
Appears in 1 contract
Samples: Energy Storage Services Agreement
Posting Requirements. Owner shall post the Development Security in accordance with the following terms and conditions:
(i) Owner shall post the Development Security simultaneously with Owner’s execution and delivery of this Agreement;
(ii) The Development Security must be in the form of cash or a Letter of Credit, substantially in the form of Exhibit N; and
(iii) The Development Security and any interest accrued thereon in accordance with Section 7.3(a7.03(a) shall be held by CHGE CECONY as security for Owner’s obligations under this Agreement, including achieving the Commercial Operation Date on or before the Guaranteed Commercial Operation Deadline.
Appears in 1 contract
Samples: Energy Storage Services Agreement
Posting Requirements. Owner shall post the Development Security in accordance with the following terms and conditions:
(i) Owner shall post the Development Security simultaneously with Owner’s execution and delivery of this Agreement;
(ii) The Development Security must be in the form of cash or a Letter of Credit, substantially in the form of Exhibit N; and
(iii) The Development Security and any interest accrued thereon in accordance with Section 7.3(a) shall be held by CHGE RG&E as security for Owner’s obligations under this Agreement, including achieving the Commercial Operation Date on or before the Guaranteed Commercial Operation Deadline.
Appears in 1 contract
Samples: Energy Storage Services Agreement
Posting Requirements. Owner shall post the Development Security in accordance with the following terms and conditions:
(i) Owner shall post the Development Security simultaneously with Owner’s execution and delivery of this Agreement;
(ii) The Development Security must be in the form of cash or a Letter of Credit, substantially in the form of Exhibit N; and
(iii) The Development Security and any interest accrued thereon in accordance with Section 7.3(a7.03(a) shall be held by CHGE CECONY as security for Owner’s obligations under this Agreement, including achieving the Commercial Operation Date on or before the Guaranteed Commercial Operation Deadline.
Appears in 1 contract
Samples: Energy Storage Services Agreement
Posting Requirements. Owner shall post the Development Security in accordance with the following terms and conditions:
(i) Owner shall post the Development Security simultaneously with Owner’s execution and delivery of this Agreement;
(ii) The Development Security must be in the form of cash or a Letter of Credit, substantially in the form of Exhibit N; and
(iii) The Development Security and any interest accrued thereon in accordance with Section 7.3(a7.03(a) shall be held by CHGE O&R as security for Owner’s obligations under this Agreement, including achieving the Commercial Operation Date on or before the Guaranteed Commercial Operation Deadline.
Appears in 1 contract
Samples: Energy Storage Services Agreement