Common use of Seller’s Support Clause in Contracts

Seller’s Support. Seller shall be required to post Credit Support in the amount of $20,000.00 per MWh per hour of the Contract Maximum Amount to secure Seller’s Obligations (“Fixed Credit Support”). Fifty percent (50%) of the Fixed Credit Support shall be provided to Buyer on the Effective Date, and the remaining fifty percent (50%) of the Fixed Credit Support shall be provided to Buyer within fifteen (15) days after the receipt of the Regulatory Approval. At any time following the receipt of the Regulatory Approval, if Buyer’s Exposure exceeds Seller’s Unsecured Credit Limit pursuant to Section 6.7, Buyer may demand that Seller provide additional Credit Support in an amount equal to the amount by which the Unsecured Credit Limit is exceeded, rounded up to the nearest two hundred fifty thousand dollars ($250,000.00). If at any time there shall occur a Downgrade Event in respect of Seller, Seller’s Unsecured Credit Limit shall automatically be zero. Seller shall then provide Credit Support in an amount equal to Buyer’s Exposure. The Credit Support Delivery Amount, as defined below, will be rounded up, and the Return Amount, as defined below, will be rounded down, in each case to the nearest integral multiple of $10,000 (“Rounding Amount”), except as otherwise provided herein.

Seller’s Support. (a) Seller shall be required to post Credit Support in the amount of $20,000.00 per MWh per hour of the Contract Maximum Amount to secure Seller’s Obligations (“Fixed Credit Support”). Fifty percent (50%) of the Fixed Credit Support shall be provided to Buyer on the Effective Date, and the remaining fifty percent (50%) of the Fixed Credit Support shall be provided to Buyer within fifteen (15) days after the receipt of the Regulatory Approval. . (b) At any time following the receipt of the Regulatory Approval, if Buyer’s Exposure exceeds Seller’s Unsecured Credit Limit pursuant to Section 6.7, Buyer may demand that Seller provide additional Credit Support in an amount equal to the amount by which the Unsecured Credit Limit is exceeded, rounded up to the nearest two hundred fifty thousand dollars ($250,000.00). . (c) If at any time there shall occur a Downgrade Event in respect of Seller, Seller’s Unsecured Credit Limit shall automatically be zero. Seller shall then provide Credit Support in an amount equal to Buyer’s Exposure. . (d) The Credit Support Delivery Amount, as defined below, will be rounded up, and the Return Amount, as defined below, will be rounded down, in each case to the nearest integral multiple of $10,000 (“Rounding Amount”), except as otherwise provided herein.. The following items will qualify as "Credit Support" hereunder in the amount noted under “Valuation Percentage”:

Seller’s Support. (a) Seller shall be required to post Credit Support in the amount of $20,000.00 per MWh per hour of the Contract Maximum Amount to secure Seller’s Obligations (“Fixed Credit Support”). Fifty percent (50%) of the Fixed Credit Support shall be provided to Buyer on the Effective Date, and the remaining fifty percent (50%) of the Fixed Credit Support shall be provided to Buyer within fifteen (15) days after the receipt of the Regulatory Approval. . (b) At any time following the receipt of the Regulatory Approval, if BuyerXxxxx’s Exposure exceeds Seller’s Unsecured Credit Limit pursuant to Section 6.7, Buyer may demand that Seller provide additional Credit Support in an amount equal to the amount by which the Unsecured Credit Limit is exceeded, rounded up to the nearest two hundred fifty thousand dollars ($250,000.00). . (c) If at any time there shall occur a Downgrade Event in respect of Seller, Seller’s Unsecured Credit Limit shall automatically be zero. Seller shall then provide Credit Support in an amount equal to Buyer’s Exposure. . (d) The Credit Support Delivery Amount, as defined below, will be rounded up, and the Return Amount, as defined below, will be rounded down, in each case to the nearest integral multiple of $10,000 (“Rounding Amount”), except as otherwise provided herein.. The following items will qualify as "Credit Support" hereunder in the amount noted under “Valuation Percentage”: