Common use of Special Covenants Regarding Security Account Clause in Contracts

Special Covenants Regarding Security Account. In the event that a Participant’s balance of the Security Account is insufficient to cover all invoices for costs incurred under this Agreement sent to such Participant, then, without limiting NCPA’s other rights or remedies available under this Agreement, at law or in equity, such Participant shall cooperate in good faith with NCPA and shall cure the default within thirty (30) days, on an emergency basis, taking all such action as is necessary, including, but not limited to, raising rates and charges to its customers to increase its Revenues to replenish its share of the Security Account as provided herein, drawing on its cash‐on‐hand and lines of credit, obtaining further assurances by way of credit support and letters of credit, and taking all such other action as will cure the default.

Special Covenants Regarding Security Account. In the event that a Participant’s balance of the Security Account is insufficient to cover all invoices for costs incurred under this Agreement sent to such Participant, then, without limiting NCPA’s other rights or remedies available under this Agreement, at law or in equity, such Participant shall cooperate in good faith with NCPA and shall cure the said default within thirty (30) days, on an emergency basis, taking all such action as is necessary, including, but not limited to, raising rates and charges to its customers to increase its Revenues to replenish its share of the Security Account as provided herein, drawing on its cash‐on‐hand and lines of credit, obtaining further assurances by way of credit support and letters of credit, and taking all such other action as will cure the default.

Special Covenants Regarding Security Account. In the event that a Participant’s balance of the Security Account is insufficient to cover all invoices for costs incurred under this Agreement sent to such Participant, then, without limiting NCPA’s other rights or remedies available under this Agreement, at law or in equity, such Participant shall cooperate in good faith with NCPA and shall cure the default within thirty (30) daysas rapidly as possible, on an emergency basis, taking all such action as is necessary, including, but not limited to, raising rates and charges to its customers to increase its Revenues to replenish its share of the Security Account as provided herein, drawing on its cash‐on‐hand and lines of credit, obtaining further assurances by way of credit support and letters of credit, and taking all such other action as will cure the defaultdefault with all due haste.