Project Development Security. Seller shall post Project Development Security in the form of cash or letter of credit, equal to $15.00/kW multiplied by the Payment Quantity, as of the Execution Date of the Agreement. Seller shall post an additional Project Development Security in the form of cash or letter of credit, equal to $45.00/kW multiplied by the Payment Quantity (for a total Project Development Security of $60.00/kW multiplied by the Payment Quantity), to be posted eleven months after CPUC Approval.
Appears in 4 contracts
Samples: Capacity Storage Agreement, Capacity Storage Agreement, Capacity Storage Agreement
