Common use of Provision of Security Clause in Contracts

Provision of Security. At least thirty (30) Calendar Days prior to the commencement of the procurement, installation, or construction of a discrete portion of a Participating TO’s Interconnection Facilities, Network Upgrades, or Distribution Upgrades, the Interconnection Customer shall provide the Participating TO, at the Interconnection Customer's option, a guarantee, a surety bond, letter of credit or other form of security that is reasonably acceptable to the Participating TO and is consistent with the Uniform Commercial Code of the jurisdiction identified in Article 14.2.1. Such security for payment shall be in an amount sufficient to cover the costs for constructing, procuring and installing the applicable portion of the Participating TO’s Interconnection Facilities, Network Upgrades, or Distribution Upgrades. Such security shall be reduced on a dollar- for-dollar basis for payments made to the Participating TO for these purposes. 11.5.1 The guarantee must be made by an entity that meets the creditworthiness requirements of the Participating TO, and contain terms and conditions that guarantee payment of any amount that may be due from the Interconnection Customer, up to an agreed-to maximum amount. 11.5.2 The letter of credit must be issued by a financial institution reasonably acceptable to the Participating TO and must specify a reasonable expiration date. 11.5.3 The surety bond must be issued by an insurer reasonably acceptable to the Participating TO and must specify a reasonable expiration date.

Provision of Security. At least thirty (30) Calendar Days prior to the commencement of the procurement, installation, or construction of a discrete portion of a Participating TO’s Interconnection Facilities, Network Upgrades, or Distribution Upgrades, the Interconnection Customer shall provide the Participating TO, at the Interconnection Customer's option, a guarantee, a surety bond, letter of credit or other form of security that is reasonably acceptable to the Participating TO and is consistent with the Uniform Commercial Code of the jurisdiction identified in Article 14.2.1. Such security for payment shall be in an amount sufficient to cover the costs for constructing, procuring and installing the applicable portion of the Participating TO’s Interconnection Facilities, Network Upgrades, or Distribution Upgrades. Such security shall be reduced on a dollar- dollar-for-dollar basis for payments made to the Participating TO for these purposes. 11.5.1 The guarantee must be made by an entity that meets the creditworthiness requirements of the Participating TO, and contain terms and conditions that guarantee payment of any amount that may be due from the Interconnection Customer, up to an agreed-to maximum amount. 11.5.2 The letter of credit must be issued by a financial institution reasonably acceptable to the Participating TO and must specify a reasonable expiration date. 11.5.3 The surety bond must be issued by an insurer reasonably acceptable to the Participating TO and must specify a reasonable expiration date.

Provision of Security. At least thirty (30) Calendar Days prior to the commencement of the procurement, installation, or construction of a discrete portion of a Participating TO’s Interconnection Facilities, Network Upgrades, or Distribution Upgrades, the Interconnection Customer shall provide the Participating TO, at the Interconnection Customer's option, a guarantee, a surety bond, letter of credit or other form of security that is reasonably acceptable to the Participating TO and is consistent with the Uniform Commercial Code of the jurisdiction identified in Article 14.2.1. Such security for payment shall be in an amount sufficient to cover the costs for constructing, procuring and installing the applicable portion of the Participating TO’s Interconnection Facilities, Network Upgrades, or Distribution Upgrades. Such security shall be reduced on a dollar- dollar-for-dollar basis for payments made to the Participating TO for these purposes.. In addition: 11.5.1 The guarantee must be made by an entity that meets the creditworthiness requirements of the Participating TO, and contain terms and conditions that guarantee payment of any amount that may be due from the Interconnection Customer, up to an agreed-to maximum amount. 11.5.2 The letter of credit must be issued by a financial institution reasonably acceptable to the Participating TO and must specify a reasonable expiration date. 11.5.3 The surety bond must be issued by an insurer reasonably acceptable to the Participating TO and must specify a reasonable expiration date.

Provision of Security. At least thirty (30) Calendar Days prior to the commencement of the procurement, installation, or construction of a discrete portion of a Participating TO’s Interconnection Facilities, Network Upgrades, or Distribution Upgrades, the Interconnection Customer shall provide the Participating TO, at the Interconnection Customer's option, a guarantee, a surety bond, letter of credit or other form of security that is reasonably acceptable to the Participating TO and is consistent with the Uniform Commercial Code of the jurisdiction identified in Article 14.2.1. Such security for payment shall be in an amount sufficient to cover the costs for constructing, procuring and installing the applicable portion of the Participating TO’s Interconnection Facilities, Network Upgrades, or Distribution Upgrades. Such security shall be reduced on a dollar- for-dollar basis for payments made to the Participating TO for these purposes.. In addition: 11.5.1 The guarantee must be made by an entity that meets the creditworthiness requirements of the Participating TO, and contain terms and conditions that guarantee payment of any amount that may be due from the Interconnection Customer, up to an agreed-to maximum amount. 11.5.2 The letter of credit must be issued by a financial institution reasonably acceptable to the Participating TO and must specify a reasonable expiration date. 11.5.3 The surety bond must be issued by an insurer reasonably acceptable to the Participating TO and must specify a reasonable expiration date.

Provision of Security. At least thirty (30) Calendar Days prior to the commencement of the procurement, installation, or construction of a discrete portion of a Participating TO’s Transmission Provider's Interconnection Facilities, Network Upgrades, or Distribution Upgrades, the Interconnection Customer shall provide the Participating TOTransmission Provider, at the Interconnection Customer's option, a guarantee, a surety bond, letter of credit or other form of security that is reasonably acceptable to the Participating TO Transmission Provider and is consistent with the Uniform Commercial Code of the jurisdiction identified in Article 14.2.1. Such security for payment shall be in an amount sufficient to cover the costs for constructing, procuring and installing the applicable portion of the Participating TO’s Transmission Provider's Interconnection Facilities, Network Upgrades, or Distribution Upgrades. Such security Upgrades and shall be reduced on a dollar- dollar-for-dollar basis for payments made to the Participating TO Transmission Provider for these purposes.. In addition: 11.5.1 The guarantee must be made by an entity that meets the creditworthiness requirements of the Participating TOTransmission Provider, and contain terms and conditions that guarantee payment of any amount that may be due from the Interconnection Customer, up to an agreed-to maximum amount. 11.5.2 The letter of credit must be issued by a financial institution reasonably acceptable to the Participating TO Transmission Provider and must specify a reasonable expiration date. 11.5.3 The surety bond must be issued by an insurer reasonably acceptable to the Participating TO Transmission Provider and must specify a reasonable expiration date.

Provision of Security. At least thirty (30) Calendar Days prior to the commencement of the procurement, installation, or construction of a discrete portion of a Participating TO’s Transmission Provider's Interconnection Facilities, Network Upgrades, or Distribution Upgrades, the Interconnection Customer shall provide the Participating TOTransmission Provider, at the Interconnection Customer's option, a guarantee, a surety bond, letter of credit or other form of security that is reasonably acceptable to the Participating TO Transmission Provider and is consistent with the Uniform Commercial Code of the jurisdiction identified in Article 14.2.1. Such security for payment shall be in an amount sufficient to cover the costs for constructing, procuring and installing the applicable portion of the Participating TO’s Transmission Provider's Interconnection Facilities, Network Upgrades, or Distribution Upgrades. Such security Upgrades and shall be reduced on a dollar- fordollar-for- dollar basis for payments made to the Participating TO Transmission Provider for these purposes.. In addition: 11.5.1 The guarantee must be made by an entity that meets the creditworthiness requirements of the Participating TOTransmission Provider, and contain terms and conditions that guarantee payment of any amount that may be due from the Interconnection Customer, up to an agreed-to maximum amount. 11.5.2 The letter of credit must be issued by a financial institution reasonably acceptable to the Participating TO Transmission Provider and must specify a reasonable expiration date. 11.5.3 The surety bond must be issued by an insurer reasonably acceptable to the Participating TO Transmission Provider and must specify a reasonable expiration date.

Provision of Security. At least thirty (30) Calendar Days prior to the commencement of the procurement, installation, or construction of a discrete portion of a Participating TOTransmission Provider’s Interconnection Facilities, Network Upgrades, or Distribution Upgrades, the Interconnection Customer shall provide the Participating TOTransmission Provider, at the Interconnection Customer's ’s option, a guarantee, a surety bond, letter of credit or other form of security that is reasonably acceptable to the Participating TO Transmission Provider and is consistent with the Uniform Commercial Code of the jurisdiction identified in Article 14.2.1. Such security for payment shall be in an amount sufficient to cover the costs for constructing, procuring and installing the applicable portion of the Participating TOTransmission Provider’s Interconnection Facilities, Network Upgrades, or Distribution Upgrades. Such security Upgrades and shall be reduced on a dollar- for-dollar basis for payments made to the Participating TO Transmission Provider for these purposes. 11.5.1 The guarantee must be made by an entity that meets the creditworthiness requirements of the Participating TOTransmission Provider, and contain terms and conditions that guarantee payment of any amount that may be due from the Interconnection Customer, up to an agreed-to maximum amount. 11.5.2 The letter of credit must be issued by a financial institution reasonably acceptable to the Participating TO Transmission Provider and must specify a reasonable expiration date. 11.5.3 The surety bond must be issued by an insurer reasonably acceptable to the Participating TO Transmission Provider and must specify a reasonable expiration date.

Provision of Security. At least thirty (30) Calendar Days prior to the commencement of the procurement, installation, or construction of a discrete portion of a Participating TOTransmission Owner’s Interconnection Facilities, Network Upgrades, or Distribution Upgrades, the Interconnection Customer shall provide the Participating TOTransmission Provider, at the Interconnection Customer's option, a guarantee, a surety bond, letter of credit or other form of security that is reasonably acceptable to the Participating TO Transmission Provider and is consistent with the Uniform Commercial Code of the jurisdiction identified in Article 14.2.1. Such security for payment shall be in an amount sufficient to cover the costs for constructing, procuring and installing the applicable portion of the Participating TOTransmission Owner’s Interconnection Facilities, Network Upgrades, or Distribution Upgrades. Such security Upgrades and shall be reduced on a dollar- dollar-for-dollar basis for payments made to the Participating TO Transmission Owner for these purposes. 11.5.1 The guarantee must be made by an entity that meets the creditworthiness requirements of the Participating TOTransmission Provider, and contain terms and conditions that guarantee payment of any amount that may be due from the Interconnection Customer, up to an agreed-to maximum amount. 11.5.2 The letter of credit must be issued by a financial institution reasonably acceptable to the Participating TO Transmission Provider and must specify a reasonable expiration date. 11.5.3 The surety bond must be issued by an insurer reasonably acceptable to the Participating TO Transmission Provider and must specify a reasonable expiration date.

Provision of Security. At least thirty (30) Calendar Days prior to the commencement of the design, procurement, installation, or construction of a discrete portion of a Participating TO’s Transmission Provider's Interconnection Facilities, Network Upgrades, or Distribution Upgrades, the Interconnection Customer shall provide the Participating TOTransmission Provider, at the Interconnection Customer's option, a guarantee, a surety bond, letter of credit or other form of security that is reasonably acceptable to the Participating TO Transmission Provider and is consistent with the Uniform Commercial Code of the jurisdiction identified in Article 14.2.1. Such security for payment shall be in an amount sufficient to cover the costs for constructing, designing, procuring and installing the applicable portion of the Participating TO’s Transmission Provider's Interconnection Facilities, Network Upgrades, or Distribution Upgrades. Such security Upgrades and shall be reduced on a dollar- dollar-for-dollar basis for payments made to the Participating TO for these purposes.Transmission Provider for 11.5.1 The guarantee must be made by an entity that meets the creditworthiness requirements of the Participating TOTransmission Provider, and contain terms and conditions that guarantee payment of any amount that may be due from the Interconnection Customer, up to an agreed-to maximum amount. 11.5.2 The letter of credit must be issued by a financial institution reasonably acceptable to the Participating TO Transmission Provider and must specify a reasonable expiration date. 11.5.3 The surety bond must be issued by an insurer reasonably acceptable to the Participating TO Transmission Provider and must specify a reasonable expiration date.

Provision of Security. At least thirty (30) Calendar Days prior to the commencement of the procurement, installation, or construction of a discrete portion of a Participating TO’s Transmission Provider's Interconnection Facilities, Network Upgrades, or Distribution Upgrades, the Interconnection Customer shall provide the Participating TOTransmission Provider, at the Interconnection Customer's option, a guarantee, a surety bond, letter of credit or other form of security that is reasonably acceptable to the Participating TO Transmission Provider and is consistent with the Uniform Commercial Code of the jurisdiction identified in Article 14.2.1. Such security for payment shall be in an amount sufficient to cover the costs for constructing, procuring and installing the applicable portion of the Participating TO’s Transmission Provider's Interconnection Facilities, Network Upgrades, or Distribution Upgrades. Such security Upgrades and shall be reduced on a dollar- fordollar-for- dollar basis for payments made to the Participating TO Transmission Provider for these purposes.. In addition: 11.5.1 The guarantee must be made by an entity that meets the creditworthiness requirements of the Participating TOTransmission Provider, and contain terms and conditions that guarantee payment of any amount that may be due from the Interconnection Customer, up to an agreed-to maximum amount.contain 11.5.2 The letter of credit must be issued by a financial institution reasonably acceptable to the Participating TO Transmission Provider and must specify a reasonable expiration date. 11.5.3 The surety bond must be issued by an insurer reasonably acceptable to the Participating TO Transmission Provider and must specify a reasonable expiration date.

Provision of Security. At least thirty (30) Calendar Days prior to the commencement of the procurement, installation, or construction of a discrete portion of a Participating TO’s Transmission Provider's Interconnection Facilities, Network Upgrades, or Distribution Upgrades, the Interconnection Customer shall provide the Participating TOTransmission Provider, at the Interconnection Customer's option, a guarantee, a surety bond, letter of credit or other form of security that is reasonably acceptable to the Participating TO Transmission Provider and is consistent with the Uniform Commercial Code of the jurisdiction identified in Article 14.2.1. Such security for payment shall be in an amount sufficient to cover the costs for constructing, procuring and installing the applicable portion of the Participating TO’s Transmission Provider's Interconnection Facilities, Network Upgrades, or Distribution Upgrades. Such security Upgrades and shall be reduced on a dollar- for-dollar basis for payments made to the Participating TO Transmission Provider for these purposes. 11.5.1 The guarantee must be made by an entity that meets the creditworthiness requirements of the Participating TOTransmission Provider, and contain terms and conditions that guarantee payment of any amount that may be due from the Interconnection Customer, up to an agreed-to maximum amount. 11.5.2 The letter of credit must be issued by a financial institution reasonably acceptable to the Participating TO Transmission Provider and must specify a reasonable expiration date. 11.5.3 The surety bond must be issued by an insurer reasonably acceptable to the Participating TO Transmission Provider and must specify a reasonable expiration date.

Provision of Security. At least thirty (30) Calendar Days prior to the commencement of the procurement, installation, or construction of a discrete portion of a Participating TO’s Distribution Provider's Interconnection Facilities, Network Upgrades, or Distribution Upgrades, the Interconnection Customer shall provide the Participating TODistribution Provider, at the Interconnection Customer's option, a guarantee, a surety bond, letter of credit or other form of security that is reasonably acceptable to the Participating TO Distribution Provider and is consistent with the Uniform Commercial Code of the jurisdiction identified in Article 14.2.1. Such security for payment shall be in an amount sufficient to cover the costs for constructing, procuring and installing the applicable portion of the Participating TO’s Distribution Provider's Interconnection Facilities, Network Upgrades, or Distribution Upgrades. Such security Upgrades and shall be reduced on a dollar- dollar-for-dollar basis for payments made to the Participating TO Distribution Provider for these purposes.. In addition: 11.5.1 The guarantee must be made by an entity that meets the creditworthiness requirements of the Participating TODistribution Provider, and contain terms and conditions that guarantee payment of any amount that may be due from the Interconnection Customer, up to an agreed-to maximum amount. 11.5.2 The letter of credit must be issued by a financial institution reasonably acceptable to the Participating TO Distribution Provider and must specify a reasonable expiration date. 11.5.3 The surety bond must be issued by an insurer reasonably acceptable to the Participating TO Distribution Provider and must specify a reasonable expiration date.

Provision of Security. At least thirty (30) Calendar Days prior to the commencement of the procurement, installation, or construction of a discrete portion of a Participating TO’s Distribution Provider's Interconnection Facilities, Network Upgrades, or Distribution Upgrades, the Interconnection Customer shall provide the Participating TODistribution Provider, at the Interconnection Customer's option, a guarantee, a surety bond, letter of credit or other form of security that is reasonably acceptable to the Participating TO Distribution Provider and is consistent with the Uniform Commercial Code of the jurisdiction identified in Article 14.2.1. Such security for payment shall be in an amount sufficient to cover the costs for constructing, procuring and installing the applicable portion of the Participating TO’s Distribution Provider's Interconnection Facilities, Network Upgrades, or Distribution Upgrades. Such security Upgrades and shall be reduced on a dollar- dollar-for-dollar basis for payments made to the Participating TO Distribution Provider for these purposes. 11.5.1 The guarantee must be made by an entity that meets the creditworthiness requirements of the Participating TODistribution Provider, and contain terms and conditions that guarantee payment of any amount that may be due from the Interconnection Customer, up to an agreed-to maximum amount. 11.5.2 The letter of credit must be issued by a financial institution reasonably acceptable to the Participating TO Distribution Provider and must specify a reasonable expiration date. 11.5.3 The surety bond must be issued by an insurer reasonably acceptable to the Participating TO Distribution Provider and must specify a reasonable expiration date.

Provision of Security. At least thirty (30) Calendar Days prior to the commencement of the procurement, installation, or construction of a discrete portion of a Participating TOTransmission Provider’s Interconnection Facilities, Network Upgrades, or Distribution Upgrades, the Interconnection Customer shall provide the Participating TOTransmission Provider, at the Interconnection Customer's ’s option, a guarantee, a surety bond, letter of credit or other form of security that is reasonably acceptable to the Participating TO Transmission Provider and is consistent with the Uniform Commercial Code of the jurisdiction identified in Article 14.2.1. Such security for payment shall be in an amount sufficient to cover the costs for constructing, procuring and installing the applicable portion of the Participating TOTransmission Provider’s Interconnection Facilities, Network Upgrades, or Distribution Upgrades. Such security Upgrades and shall be reduced on a dollar- dollar-for-dollar basis for payments made to the Participating TO Transmission Provider for these purposes.. In addition: 11.5.1 The guarantee must be made by an entity that meets the creditworthiness requirements of the Participating TOTransmission Provider, and contain terms and conditions that guarantee payment of any amount that may be due from the Interconnection Customer, up to an agreed-to maximum amount. 11.5.2 The letter of credit must be issued by a financial institution reasonably acceptable to the Participating TO Transmission Provider and must specify a reasonable expiration date. 11.5.3 The surety bond must be issued by an insurer reasonably acceptable to the Participating TO Transmission Provider and must specify a reasonable expiration date.. Arizona Public Service Company APS Contract No. 52023 LGIA (Large Generator Interconnection Agreement)

Provision of Security. At least thirty (30) Calendar Days prior to the commencement of the procurement, installation, or construction of a discrete portion of a Participating TO’s Transmission Provider's Interconnection Facilities, Network Upgrades, or Distribution Upgrades, the Interconnection Customer shall provide the Participating TOTransmission Provider, at the Interconnection Customer's option, a guarantee, a surety bond, letter of credit or other form of security that is reasonably acceptable to the Participating TO Transmission Provider and is consistent with the Uniform Commercial Code of the jurisdiction identified in Article 14.2.1. Such security for payment shall be in an amount sufficient to cover the costs for constructing, procuring and installing the applicable portion of the Participating TO’s Transmission Provider's Interconnection Facilities, Network Upgrades, or Distribution Upgrades. Such security Upgrades and shall be reduced on a dollar- fordollar-for- dollar basis for payments made to the Participating TO Transmission Provider for these purposes. 11.5.1 The guarantee must be made by an entity that meets the creditworthiness requirements of the Participating TOTransmission Provider, and contain terms and conditions that guarantee payment of any amount that may be due from the Interconnection Customer, up to an agreed-to maximum amount.may 11.5.2 The letter of credit must be issued by a financial institution reasonably acceptable to the Participating TO Transmission Provider and must specify a reasonable expiration date. 11.5.3 The surety bond must be issued by an insurer reasonably acceptable to the Participating TO Transmission Provider and must specify a reasonable expiration date.

Provision of Security. At least thirty (30) Calendar Days prior to the commencement of the procurement, installation, or construction of a discrete portion of a Participating TO’s Interconnection Facilities, Network Upgrades, or Distribution Upgrades, the Interconnection Customer shall provide the Participating TO, at the Interconnection Customer's option, a guarantee, a surety bond, letter of credit or other form of security that is reasonably acceptable to the Participating TO and is consistent with the Uniform Commercial Code of the jurisdiction identified in Article 14.2.1. Such security for payment shall be in an amount sufficient to cover the costs for constructing, procuring and installing the applicable portion of the Participating TO’s Interconnection Facilities, Network Upgrades, or Distribution Upgrades. Such security shall be reduced on a dollar- for-dollar basis for payments made to the Participating TO for these purposes.or 11.5.1 The guarantee must be made by an entity that meets the creditworthiness requirements of the Participating TO, and contain terms and conditions that guarantee payment of any amount that may be due from the Interconnection Customer, up to an agreed-to maximum amount. 11.5.2 The letter of credit must be issued by a financial institution reasonably acceptable to the Participating TO and must specify a reasonable expiration date. 11.5.3 The surety bond must be issued by an insurer reasonably acceptable to the Participating TO and must specify a reasonable expiration date.

Provision of Security. At least thirty (30) Calendar Days prior to the commencement of the procurement, installation, or construction of a discrete portion of a Participating TO’s Transmission Provider's Interconnection Facilities, Network Upgrades, or Distribution Upgrades, the Interconnection Customer shall provide the Participating TOTransmission Provider, at the Interconnection Customer's option, a guarantee, a surety bond, letter of credit or other form of security that is reasonably acceptable to the Participating TO Transmission Provider and is consistent with the Uniform Commercial Code of the jurisdiction identified in Article 14.2.1. Such security for payment shall be in an amount sufficient to cover the costs for constructing, procuring and installing the applicable portion of the Participating TO’s Transmission Provider's Interconnection Facilities, Network Upgrades, or Distribution Upgrades. Such security Upgrades and shall be reduced on a dollar- for-dollar basis for payments made to the Participating TO Transmission Provider for these purposes.. In addition: 11.5.1 The guarantee must be made by an entity that meets the creditworthiness requirements of the Participating TOTransmission Provider, and contain terms and conditions that guarantee payment of any amount that may be due from the Interconnection Customer, up to an agreed-to maximum amount. 11.5.2 The letter of credit must be issued by a financial institution reasonably acceptable to the Participating TO Transmission Provider and must specify a reasonable expiration date. 11.5.3 The surety bond must be issued by an insurer reasonably acceptable to the Participating TO Transmission Provider and must specify a reasonable expiration date.

Provision of Security. At least thirty (30) Calendar Days prior to the commencement of the procurement, installation, or construction of a discrete portion of a Participating TOTransmission Owner’s Interconnection Facilities, Network Upgrades, or Distribution Upgrades, the Interconnection Customer shall provide the Participating TOTransmission Provider, at the Interconnection Customer's option, a guarantee, a surety bond, letter of credit or other form of security that is reasonably acceptable to the Participating TO Transmission Provider and is consistent with the Uniform Commercial Code of the jurisdiction identified in Article 14.2.1. Such security for payment shall be in an amount sufficient to cover the costs for constructing, procuring and installing the applicable portion of the Participating TOTransmission Owner’s Interconnection Facilities, Network Upgrades, or Distribution Upgrades. Such security Upgrades and shall be reduced on a dollar- dollar-for-dollar basis for payments made to the Participating TO Transmission Owner for these purposes.. In addition: 11.5.1 The guarantee must be made by an entity that meets the creditworthiness requirements of the Participating TOTransmission Provider, and contain terms and conditions that guarantee payment of any amount that may be due from the Interconnection Customer, up to an agreed-to maximum amount. 11.5.2 The letter of credit must be issued by a financial institution reasonably acceptable to the Participating TO Transmission Provider and must specify a reasonable expiration date. 11.5.3 The surety bond must be issued by an insurer reasonably acceptable to the Participating TO Transmission Provider and must specify a reasonable expiration date.

Provision of Security. At least thirty (30) Calendar Days prior to the commencement of the design, procurement, installation, or construction of a discrete portion of a Participating TOTransmission Provider’s Interconnection Facilities, Network Upgrades, or Distribution Upgrades, the Interconnection Customer shall provide the Participating TOTransmission Provider, at the Interconnection Customer's ’s option, a guarantee, a surety bond, letter of credit or other form of security that is reasonably acceptable to the Participating TO Transmission Provider and is consistent with the Uniform Commercial Code of the jurisdiction the. Jurisdiction identified in Article 14.2.1. Such security for payment shall be in an amount sufficient to cover the costs for constructing, designing, procuring and installing the applicable portion of the Participating TOTransmission Provider’s Interconnection Facilities, Network Upgrades, or Distribution Upgrades. Such security Upgrades and shall be reduced on a dollar- dollar-for-dollar basis for payments made to the Participating TO Transmission Provider for these purposes. 11.5.1 The guarantee must be made by an entity that meets the creditworthiness requirements of the Participating TOTransmission Provider, and contain terms and conditions that guarantee payment of any amount that may be due from the Interconnection Customer, up to an agreed-to maximum amount. 11.5.2 The letter of credit must be issued by a financial institution reasonably acceptable to the Participating TO Transmission Provider and must specify a reasonable expiration date. 11.5.3 The surety bond must be issued by an insurer reasonably acceptable to the Participating TO Transmission Provider and must specify a reasonable expiration date.

Provision of Security. At least thirty (30) Calendar Days prior to the commencement of the design, engineering, procurement, installation, or construction of a discrete portion of a Participating TO’s Transmission Provider's Interconnection Facilities, Network Upgrades, or Distribution Upgrades, the Interconnection Customer shall provide the Participating TOTransmission Provider, at the Interconnection Customer's option, a guarantee, a surety bond, letter of credit or other form of security that is reasonably acceptable to the Participating TO Transmission Provider and is consistent with the Uniform Commercial Code of the jurisdiction identified in Article 14.2.1. Such security for payment shall be in an amount sufficient to cover the costs for designing, engineering, constructing, procuring and installing the applicable portion of the Participating TO’s Transmission Provider's Interconnection Facilities, Network Upgrades, or and/or Distribution Upgrades. Such security Upgrades and shall be reduced on a dollar- dollar-for-dollar basis for payments made to the Participating TO Transmission Provider for these purposes.. In addition: 11.5.1 The guarantee must be made by an entity that meets the creditworthiness requirements of the Participating TOTransmission Provider, and contain terms and conditions that guarantee payment of any amount that may be due from the Interconnection Customer, up to an agreed-to maximum amount. 11.5.2 The letter of credit must be issued by a financial institution reasonably acceptable to the Participating TO Transmission Provider and must specify a reasonable expiration date. 11.5.3 The surety bond must be issued by an insurer reasonably acceptable to the Participating TO Transmission Provider and must specify a reasonable expiration date.

Provision of Security. At least thirty (30) Calendar Days prior to the commencement of the procurement, installation, or construction of a discrete portion of a Participating TOTransmission Owner’s Interconnection Facilities, Network Upgrades, or Distribution Upgrades, the Interconnection Customer shall provide the Participating TOTransmission Provider, at the Interconnection Customer's option, a guarantee, a surety bond, letter of credit or other form of security that is reasonably acceptable to the Participating TO Transmission Provider and is consistent with the Uniform Commercial Code of the jurisdiction identified in Article 14.2.1. Such security for payment shall be in an amount sufficient to cover the costs for constructing, procuring and installing the applicable portion of the Participating TOTransmission Owner’s Interconnection Facilities, Network Upgrades, or Distribution Upgrades. Such security Upgrades and shall be reduced on a dollar- dollar-for-dollar basis for payments made to the Participating TO Transmission Owner for these purposes. 11.5.1 The guarantee must be made by an entity that meets the creditworthiness requirements of the Participating TOTransmission Provider, and contain terms and conditions that guarantee payment of any amount that may be due from the Interconnection Customer, up to an agreed-to maximum amount.conditions 11.5.2 The letter of credit must be issued by a financial institution reasonably acceptable to the Participating TO Transmission Provider and must specify a reasonable expiration date. 11.5.3 The surety bond must be issued by an insurer reasonably acceptable to the Participating TO Transmission Provider and must specify a reasonable expiration date.