Common use of Return of Performance Assurance Clause in Contracts

Return of Performance Assurance. Buyer shall return the unused portion of the Performance Assurance, including the payment of any Interest Amount due thereon pursuant to Section (e) above, to Seller promptly after the following has occurred: (i) the Term has ended, or subject to Section Seven.2, an Early Termination Date has occurred, as applicable; and (ii) all payment obligations of the Seller arising under this Agreement, including the Termination Payment, indemnification payments or other damages are paid in full. Ten.5Letter of Credit . Performance Assurance provided in the form of a Letter of Credit (see Appendix VII-A) is subject to the following provisions:

Appears in 5 contracts

Samples: Guaranty Agreement, Guaranty Agreement, Guaranty Agreement

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Return of Performance Assurance. Buyer shall return the unused portion of the Performance Assurance, including the payment of any Interest Amount due thereon pursuant to Section (e10.4(b) above, to Seller promptly after the following has occurred: (i) the Term has ended, or subject to Section Seven.27.2, an Early Termination Date has occurred, as applicable; and (ii) all payment obligations of the Seller arising under this Agreement, including the Termination Payment, indemnification payments or other damages are paid in full. Ten.5Letter of Credit . Performance Assurance provided in the form of a Letter of Credit (see Appendix VII-A) is subject to the following provisions:

Appears in 5 contracts

Samples: Consent and Agreement, Pacific Gas and Electric Company, Pacific Gas and Electric Company

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