Common use of Principle Clause in Contracts

Principle. The Network User who has to provide a collateral pursuant to: (i) Article 14.1.1 of this attachment must, five (5) Business Days before the Services Start Date, or latest prior to the start of the Services for Services with a duration less than thirty (30) days, submit a collateral in the form of a cash deposit in accordance with Article 14.2.3(i) or in the form of a Bank Guarantee in accordance with Article 14.2.3(ii); and (ii) Article 14.1.2 of this Attachment must submit a collateral ten (10) Business Days after the Network User was informed by the TSO.