Common use of Required Security Amount Clause in Contracts

Required Security Amount. 25.8.1 On the first day of each Adjustment Period, the Lessor shall notify the Lessee in writing and shall advise the Lessee of the amount (the "Applicable LC Increased Amount") by which the amount of the security required to be provided by the Lessee pursuant to the Letter of Credit Amount for the Security Period commencing on the first day of the relevant Adjustment Period needs to increase so that during each day of that Security Period the Letter of Credit Amount is equal to the Required LC Amount during each day of that Security Period. The Lessor shall, as contemplated by paragraph 2(a) of the Letter of Credit, copy to the LC Bank any such notice delivered to the Lessee pursuant to this sub-clause at the same time such notice is delivered to the Lessee.