Common use of Security Instruments Clause in Contracts

Security Instruments. At each BGS-CIEP Supplier’s choice, the following are deemed to be acceptable methods for posting security, if required: (a) Cash; or (b) A standby irrevocable letter of credit acceptable to the Company issued by a bank or other financial institution with a minimum “A” senior unsecured debt rating (or, if unavailable, corporate issuer rating discounted one notch) from S&P or “A2” from Moody’s (see standard format in Appendix B). The letter of credit shall state that it shall renew automatically for successive one-year or shorter periods, until terminated upon at least ninety (90) days prior written notice from the issuing financial institution. If the Company receives notice from the issuing financial institution that the letter of credit is being cancelled, the BGS-CIEP Supplier will be required to provide a substitute letter of credit from an alternative bank satisfying the minimum requirements. The receipt of the substitute letter of credit must be effective as of the cancellation date and delivered to the Company thirty (30) days before the cancellation date of the original letter of credit. If the BGS-CIEP Supplier fails to supply a substitute letter of credit as required, then the Company will have the right to draw on the existing letter of credit and to hold the amount as security. If the credit rating of a bank or other financial institution from which a BGS-CIEP Supplier has obtained a letter of credit falls below the levels specified in Article 6 of this Agreement, the BGS-CIEP Supplier shall have two (2) Business Days following written notice by the Company to obtain a suitable letter of credit from a bank or other financial institution that meets those standards.

Security Instruments. At each BGS-CIEP DS Supplier’s choice, the following are deemed to be acceptable methods for posting securitysecurity to satisfy Margin requirements, if required: (a) Cash; or (b) A standby irrevocable letter of credit acceptable to the Company Company, in its sole discretion, issued by a bank or other financial institution with a minimum “AA-” senior unsecured debt rating (or, if unavailable, corporate issuer rating discounted one notch) from S&P or and “A2A3” from Moody’s Xxxxx’x (see standard format in Appendix BF). The letter of credit shall state that it shall renew automatically for successive one-year or shorter periods, until terminated upon at least ninety (90) days prior written notice from the issuing financial institution. If the Company receives notice from the issuing financial institution that the letter of credit is being cancelled, the BGS-CIEP DS Supplier will be required to provide a substitute letter of credit from an alternative bank satisfying the minimum requirements. The receipt of the substitute letter of credit must be effective as of the cancellation date and delivered to the Company thirty (30) days before the cancellation date of the original letter of credit. If the BGS-CIEP DS Supplier fails to supply a substitute letter of credit as required, then the Company will have the right to draw on the existing letter of credit and to hold the amount as securityMargin. If the credit rating of a bank or other financial institution from which a BGS-CIEP DS Supplier has obtained a letter of credit falls below the levels specified in Article 6 of this Agreement, the BGS-CIEP DS Supplier shall have two (2) Business Days following written notice by the Company to obtain a suitable letter of credit from a another bank or other financial institution that meets those standards, unless such period is extended in writing by the Company. The Company shall have no obligation under this Agreement or otherwise to make or grant such extension.

Security Instruments. ‌ At each BGS-CIEP RSCP Supplier’s choice, the following are deemed to be acceptable methods for posting security, if required: (a) Cash; or (b) A standby irrevocable letter of credit acceptable to the Company issued by a bank or other financial institution with a minimum “A” senior unsecured debt rating (or, if unavailable, corporate issuer rating discounted one notch) from S&P or “A2” from Moody’s (see standard format in Appendix BC). The letter of credit shall state that it shall renew automatically for successive one-year or shorter periods, until terminated upon at least ninety (90) days prior written notice from the issuing financial institution. If the Company receives notice from the issuing financial institution that the letter of credit is being cancelled, the BGS-CIEP RSCP Supplier will be required to provide a substitute letter of credit from an alternative bank satisfying the minimum requirements. The receipt of the substitute letter of credit must be effective as of the cancellation date and delivered to the Company thirty (30) days before the cancellation date of the original letter of credit. If the BGS-CIEP RSCP Supplier fails to supply a substitute letter of credit as required, then the Company will have the right to draw on the existing letter of credit and to hold the amount as securityMargin. If the credit rating of a bank or other financial institution from which a BGS-CIEP RSCP Supplier has obtained a letter of credit falls below the levels specified in Article 6 of this Agreement, the BGS-CIEP RSCP Supplier shall have two (2) Business Days following written notice by the Company to obtain a suitable letter of credit from a another bank or other financial institution that meets those standards.

Security Instruments. ‌ At each BGS-CIEP Supplier’s choice, the following are deemed to be acceptable methods for posting security, if required: (a) Cash; or (b) A standby irrevocable letter of credit acceptable to the Company issued by a bank or other financial institution with a minimum “A” senior unsecured debt rating (or, if unavailable, corporate issuer rating discounted one notch) from S&P or “A2” from Moody’s (see standard format in Appendix B). The letter of credit shall state that it shall renew automatically for successive one-year or shorter periods, until terminated upon at least ninety (90) days prior written notice from the issuing financial institution. If the Company receives notice from the issuing financial institution that the letter of credit is being cancelled, the BGS-CIEP Supplier will be required to provide a substitute letter of credit from an alternative bank satisfying the minimum requirements. The receipt of the substitute letter of credit must be effective as of the cancellation date and delivered to the Company thirty (30) days before the cancellation date of the original letter of credit. If the BGS-CIEP Supplier fails to supply a substitute letter of credit as required, then the Company will have the right to draw on the existing letter of credit and to hold the amount as security. If the credit rating of a bank or other financial institution from which a BGS-CIEP Supplier has obtained a letter of credit falls below the levels specified in Article 6 of this Agreement, the BGS-CIEP Supplier shall have two (2) Business Days following written notice by the Company to obtain a suitable letter of credit from a bank or other financial institution that meets those standards.

Security Instruments. At each BGS-CIEP RSCP Supplier’s choice, the following are deemed to be acceptable methods for posting security, if required: (a) Cash; or (b) A standby irrevocable letter of credit acceptable to the Company issued by a bank or other financial institution with a minimum “A” senior unsecured debt rating (or, if unavailable, corporate issuer rating discounted one notch) from S&P or “A2” from Moody’s (see standard format in Appendix BC). The letter of credit shall state that it shall renew automatically for successive one-year or shorter periods, until terminated upon at least ninety (90) days prior written notice from the issuing financial institution. If the Company receives notice from the issuing financial institution that the letter of credit is being cancelled, the BGS-CIEP RSCP Supplier will be required to provide a substitute letter of credit from an alternative bank satisfying the minimum requirements. The receipt of the substitute letter of credit must be effective as of the cancellation date and delivered to the Company thirty (30) days before the cancellation date of the original letter of credit. If the BGS-CIEP RSCP Supplier fails to supply a substitute letter of credit as required, then the Company will have the right to draw on the existing letter of credit and to hold the amount as securityMargin. If the credit rating of a bank or other financial institution from which a BGS-CIEP RSCP Supplier has obtained a letter of credit falls below the levels specified in Article 6 of this Agreement, the BGS-CIEP RSCP Supplier shall have two (2) Business Days following written notice by the Company to obtain a suitable letter of credit from a another bank or other financial institution that meets those standards.

Security Instruments. At each BGS-CIEP RSCP Supplier’s choice, the following are deemed to be acceptable methods for posting security, if required: (a) Cash; or (b) A standby irrevocable letter of credit acceptable to the Company issued by a bank or other financial institution with a minimum “A” senior unsecured debt rating (or, if unavailable, corporate issuer rating discounted one notch) from S&P or “A2” from Moody’s Xxxxx’x (see standard format in Appendix BC). The letter of credit shall state that it shall renew automatically for successive one-year or shorter periods, until terminated upon at least ninety (90) days prior written notice from the issuing financial institution. If the Company receives notice from the issuing financial institution that the letter of credit is being cancelled, the BGS-CIEP RSCP Supplier will be required to provide a substitute letter of credit from an alternative bank satisfying the minimum requirements. The receipt of the substitute letter of credit must be effective as of the cancellation date and delivered to the Company thirty (30) days before the cancellation date of the original letter of credit. If the BGS-CIEP RSCP Supplier fails to supply a substitute letter of credit as required, then the Company will have the right to draw on the existing letter of credit and to hold the amount as securityMargin. If the credit rating of a bank or other financial institution from which a BGS-CIEP RSCP Supplier has obtained a letter of credit falls below the levels specified in Article 6 of this Agreement, the BGS-CIEP RSCP Supplier shall have two (2) Business Days following written notice by the Company to obtain a suitable letter of credit from a another bank or other financial institution that meets those standards.

Security Instruments. At each BGS-CIEP RSCP Supplier’s choice, the following are deemed to be acceptable methods for posting security, if required: (a) Cash; or (b) A standby irrevocable letter of credit acceptable to the Company issued by a bank or other financial institution with a minimum “A” senior unsecured debt rating (or, if unavailable, corporate issuer rating discounted one notch) from S&P or “A2” from Moody’s (see standard format in Appendix BC). The letter of credit shall state that it shall renew automatically for successive one-year or shorter periods, until terminated upon at least ninety (90) days prior written notice from the issuing financial institution. If the Company receives notice from the issuing financial institution that the letter of credit is being cancelled, the BGS-CIEP RSCP Supplier will be required to provide a substitute letter of credit from an alternative bank satisfying the minimum requirements. The receipt of the substitute letter of credit must be effective as of the cancellation date and delivered to the Company thirty (30) days before the cancellation date of the original letter of credit. If the BGS-CIEP RSCP Supplier fails to supply a substitute letter of credit as required, then the Company will have the right to draw on the existing letter of credit and to hold the amount as securityMargin. If the credit rating of a bank or other financial institution from which a BGS-CIEP BGS- RSCP Supplier has obtained a letter of credit falls below the levels specified in Article 6 of this Agreement, the BGS-CIEP RSCP Supplier shall have two (2) Business Days following written notice by the Company to obtain a suitable letter of credit from a another bank or other financial institution that meets those standards.

Security Instruments. ‌ At each BGS-CIEP RSCP Supplier’s choice, the following are deemed to be acceptable methods for posting security, if required: (a) Cash; or (b) A standby irrevocable letter of credit acceptable to the Company issued by a bank or other financial institution with a minimum “A” senior unsecured debt rating (or, if unavailable, corporate issuer rating discounted one notch) from S&P or “A2” from Moody’s (see standard format in Appendix BC). The letter of credit shall state that it shall renew automatically for successive one-year or shorter periods, until terminated upon at least ninety (90) days prior written notice from the issuing financial institution. If the Company receives notice from the issuing financial institution that the letter of credit is being cancelled, the BGS-CIEP RSCP Supplier will be required to provide a substitute letter of credit from an alternative bank satisfying the minimum requirements. The receipt of the substitute letter of credit must be effective as of the cancellation date and delivered to the Company thirty (30) days before the cancellation date of the original letter of credit. If the BGS-CIEP RSCP Supplier fails to supply a substitute letter of credit as required, then the Company will have the right to draw on the existing letter of credit and to hold the amount as securityMargin. If the credit rating of a bank or other financial institution from which a BGS-CIEP BGS- RSCP Supplier has obtained a letter of credit falls below the levels specified in Article 6 of this Agreement, the BGS-CIEP RSCP Supplier shall have two (2) Business Days following written notice by the Company to obtain a suitable letter of credit from a another bank or other financial institution that meets those standards.

Security Instruments. At each BGS-CIEP FP Supplier’s choice, the following are deemed to be acceptable methods for posting security, if required: (a) Cash; or (b) A standby irrevocable letter of credit acceptable to the Company issued by a bank or other financial institution with a minimum “A” senior unsecured debt rating (or, if unavailable, corporate issuer rating discounted one notch) from S&P or “A2” from Moody’s (see standard format in Appendix BC). The letter of credit shall state that it shall renew automatically for successive one-year or shorter periods, until terminated upon at least ninety (90) days prior written notice from the issuing financial institution. If the Company receives notice from the issuing financial institution that the letter of credit is being cancelled, the BGS-CIEP FP Supplier will be required to provide a substitute letter of credit from an alternative bank satisfying the minimum requirements. The receipt of the substitute letter of credit must be effective as of the cancellation date and delivered to the Company thirty (30) days before the cancellation date of the original letter of credit. If the BGS-CIEP FP Supplier fails to supply a substitute letter of credit as required, then the Company will have the right to draw on the existing letter of credit and to hold the amount as securityMargin. If the credit rating of a bank or other financial institution from which a BGS-CIEP FP Supplier has obtained a letter of credit falls below the levels specified in Article 6 of this Agreement, the BGS-CIEP FP Supplier shall have two (2) Business Days following written notice by the Company to obtain a suitable letter of credit from a another bank or other financial institution that meets those standards.