Retention of Security. Amounts provided by Contractor as Contract Security will be retained by NYSERDA as follows: a. At a prorated amount if the Installed Capacity is less than the Bid Capacity. Such amount that will be retained, expressed as a percentage of the total Contract Security, will be equal to the Bid Capacity minus the Installed Capacity divided by the Bid Capacity.
Appears in 4 contracts
Samples: Bulk Storage Incentive Standard Agreement, Bulk Storage Incentive Standard Agreement, Bulk Storage Incentive Standard Agreement
