Common use of Replenishment Clause in Contracts

Replenishment. If the Buyer draws on the Performance Security as permitted hereunder, then the Seller shall within three Business Days after such draw provide additional security in the form specified in section 12.4 sufficient to replenish or maintain the aggregate amount of the Performance Security at the amount required hereunder.

Appears in 3 contracts

Samples: Electricity Purchase Agreement, Electricity Purchase Agreement, Electricity Purchase Agreement

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Replenishment. If the Buyer draws on the Performance Security Security, as permitted hereunder, then the Seller shall within three 3 Business Days after such draw provide additional security in the form specified in section 12.4 14.4 sufficient to replenish or maintain the aggregate amount of the Performance Security at the amount required hereunder.

Appears in 1 contract

Samples: Electricity Purchase Agreement (Mercer International Inc.)

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