Right to Require Performance Assurance. At any time and from time to time, when a Party (the "Requesting Party") believes in good faith that a Material Adverse Change has occurred in respect of the other Party, the Requesting Party shall be entitled to require, by written notice, that the other Party provide to it or increase in amount: (a) a Letter of Credit; (b) cash; or (c) other security (including a bank or parent guarantee), in a form and amount reasonably acceptable to the Requesting Party (each a "Performance Assurance"). Upon receipt of such written notice, the other Party shall within three (3) Business Days provide to the Requesting Party the Performance Assurance required.
Appears in 11 contracts
Samples: Individual Power Purchase Agreement, Agreement Concerning the Delivery and Acceptance of Electricity, Individual Power Purchase Agreement
Right to Require Performance Assurance. At any time and from time to time, when a Party (the "Requesting Party") believes in good faith that a Material Adverse Change has occurred in respect of the other Party, the Requesting Party shall be entitled to require, by written notice, that the other Party provide to it or increase in amount: amount (a) a Letter of Credit; , (b) cash; , or (c) other security (including a bank or parent guarantee), in a form and amount reasonably acceptable to the Requesting Party (each each, a "Performance Assurance"). Upon receipt of such written notice, the other Party shall within three (3) Business Days provide to the Requesting Party the Performance Assurance required.
Appears in 4 contracts
Samples: Certificate Master Agreement, Certificate Master Agreement, Certificate Master Agreement
Right to Require Performance Assurance. At any time and from time to time, when a Party (the "Requesting Party") believes in good faith that a Material Adverse Change has occurred in respect of the other Party, the Requesting Party shall be entitled to require, by written notice, that the other Party provide to it or increase in amount: :
(a) a Letter of Credit; ;
(b) cash; or or
(c) other security (including a bank or parent guarantee), in a form and amount reasonably acceptable to the Requesting Party (each a "Performance Assurance"). Upon receipt of such written notice, the other Party shall within three (3) Business Days provide to the Requesting Party the Performance Assurance required.
Appears in 2 contracts
Samples: Electricity Supply Agreement, Electricity Supply Agreement
Right to Require Performance Assurance. At any time and from time to time, when a Party (the "“Requesting Party"”) believes in good faith that a Material Adverse Change has occurred in respect of the other Party, the Requesting Party shall be entitled to require, by written notice, that the other Party provide to it or increase in amount: (a) a Letter of Credit; (b) cash; or (c) other security (including a bank or parent guarantee), in a form and amount reasonably acceptable to the Requesting Party (each a "“Performance Assurance"”). Upon receipt of such written notice, the other Party shall within three (3) Business Days provide to the Requesting Party the Performance Assurance required.
Appears in 2 contracts
Samples: General Agreement, General Agreement
Right to Require Performance Assurance. At any time and from time to time, when a Party (the "Requesting Party") believes in good faith that a Material Adverse Change has occurred in respect of the other Party, the Requesting Party shall be entitled to require, by written notice, that the other Party provide to it or increase in amount: (a) a Letter of Credit; ;, (b) cash; ;, or (c) other security (including a bank or parent guarantee), in a form and amount reasonably acceptable to the Requesting Party (each each, a "Performance Assurance"). Upon receipt of such written notice, the other Party shall within three (3) Business Days provide to the Requesting Party the Performance Assurance required.
Appears in 1 contract
Samples: Eecs Certificates Master Agreement
