Provision and Application of Security. Developer has provided Affected System Operator with Security in the amount of the ASO Estimated Total Costs for the Affected System Upgrade Facilities in accordance with Attachment S to the ISO OATT. If the Developer: (i) does not pay an invoice issued by Affected System Operator pursuant to Article 7.1 within the timeframe set forth in Article 7.3 or (ii) does not pay any disputed amount into an independent escrow account pursuant to Article 7.4, the Affected System Operator may draw upon Developer’s Security to recover such payment. The Developer’s Security shall be reduced on a dollar-for-dollar basis for Developer’s payments made to the Affected System Operator for its performance of the EPC Services.
Appears in 4 contracts
Samples: Service Agreement, Service Agreement, Service Agreement
