Common use of Standby Letter of Credit Clause in Contracts

Standby Letter of Credit. (a) On the date of this Project Agreement, Project Co shall deliver, or cause to be delivered, to IO an irrevocable standby letter of credit (the “Standby Letter of Credit”) in the amount of $[REDACTED] substantially in the form of Schedule 29 - Standby Letter of Credit. (b) Unless the Standby Letter of Credit is drawn by IO in accordance with the provisions of this Project Agreement, IO shall release and deliver the Standby Letter of Credit to Project Co on Financial Close. (c) Project Co shall ensure that the Standby Letter of Credit (and any replacement therefor) is renewed prior to its expiry date if, as at such date, Financial Close will not, or may reasonably be expected not to, have occurred.

Standby Letter of Credit. (a) On the date of this Project Agreement, Project Co shall deliver, or cause to be delivered, to IO the CTC an irrevocable standby letter of credit (the “Standby Letter of Credit”) in the amount of $[REDACTED] substantially in the form of Schedule 29 - 28 – Standby Letter of Credit. (b) Unless the Standby Letter of Credit is drawn by IO the CTC in accordance with the provisions of this Project Agreement, IO the CTC shall release and deliver the Standby Letter of Credit to Project Co on Financial Close. (c) Project Co shall ensure that the Standby Letter of Credit (and any replacement therefor) is renewed prior to its expiry date if, as at such date, Financial Close will not, or may reasonably be expected not to, have occurred.

Standby Letter of Credit. (a) On the date of this Project Agreement, Project Co shall deliver, or cause to be delivered, to IO WGH an irrevocable standby letter of credit (the “"Standby Letter of Credit”") in the amount of $[REDACTED] substantially in the form of Schedule 29 - Standby Letter of Credit. (b) Unless the Standby Letter of Credit is drawn by IO WGH in accordance with the provisions of this Project Agreement, IO WGH shall release and deliver the Standby Letter of Credit to Project Co on Financial Close. (c) Project Co shall ensure that the Standby Letter of Credit (and any replacement therefor) is renewed prior to its expiry date if, as at such date, Financial Close will not, or may reasonably be expected not to, have occurred.

Standby Letter of Credit. (a) On the date of this Project Agreement, Project Co shall deliver, or cause to be delivered, to IO HMQ an irrevocable standby letter of credit (the “Standby Letter of Credit”) in the amount of ($[REDACTED] ]) substantially in the form of Schedule 29 - Standby Letter of Credit. (b) Unless the Standby Letter of Credit is drawn by IO HMQ in accordance with the provisions of this Project Agreement, IO HMQ shall release and deliver the Standby Letter of Credit to Project Co on Financial Close. (c) Project Co shall ensure that the Standby Letter of Credit (and any replacement therefor) is renewed prior to its expiry date if, as at such date, Financial Close will not, or may reasonably be expected not to, have occurred.

Standby Letter of Credit. (a) On the date of this Project Agreement, Project Co shall deliver, or cause to be delivered, to IO WCH an irrevocable standby letter of credit (the “Standby Letter of Credit”) in the amount of $[REDACTED] substantially in the form of Schedule 29 29A - Standby Letter of Credit. (b) Unless the Standby Letter of Credit is drawn by IO WCH in accordance with the provisions of this Project Agreement, IO WCH shall release and deliver the Standby Letter of Credit to Project Co on Financial Close. (c) Project Co shall ensure that the Standby Letter of Credit (and any replacement therefor) is renewed prior to its expiry date if, as at such date, Financial Close will not, or may reasonably be expected not to, have occurred.

Standby Letter of Credit. (a) On the date of this Project Agreement, Project Co shall deliver, or cause to be delivered, to IO HRRH an irrevocable standby letter of credit (the “Standby Letter of Credit”) in the amount of $[REDACTED] substantially in the form of Schedule 29 - Standby Letter of Credit. (b) Unless the Standby Letter of Credit is drawn by IO HRRH in accordance with the provisions of this Project Agreement, IO HRRH shall release and deliver the Standby Letter of Credit to Project Co on Financial Close. (c) Project Co shall ensure that the Standby Letter of Credit (and any replacement therefor) is renewed prior to its expiry date if, as at such date, Financial Close will not, or may reasonably be expected not to, have occurred.

Standby Letter of Credit. (a) On the date of this Project Agreement, Project Co shall deliver, or cause to be delivered, to IO HMQ an irrevocable standby letter of credit (the “Standby Letter of Credit”) in the amount of $[REDACTED] substantially in the form of Schedule 29 - 28A – Standby Letter of Credit. (b) Unless the Standby Letter of Credit is drawn by IO HMQ in accordance with the provisions of this Project Agreement, IO HMQ shall release and deliver the Standby Letter of Credit to Project Co on Financial Close. (c) Project Co shall ensure that the Standby Letter of Credit (and any replacement therefor) is renewed prior to its expiry date if, as at such date, Financial Close will not, or may reasonably be expected not to, have occurred.

Standby Letter of Credit. (a) On the date of this Project AgreementCommercial Close, Project Co shall deliver, or cause to be delivered, to IO an irrevocable standby letter of credit (the “Standby Letter of Credit”) in the an amount of $equal to [REDACTED] ], substantially in the form of Schedule 29 - 26A– Standby Letter of Credit. (b) Unless the Standby Letter of Credit is drawn by IO in accordance with the provisions of this Project Agreement, IO shall release and deliver the Standby Letter of Credit to Project Co on Financial Close. (c) Project Co shall ensure that the Standby Letter of Credit (and any replacement therefor) is renewed prior to its expiry date if, as at such date, Financial Close will not, or may reasonably be expected not to, have occurred.

Standby Letter of Credit. (a) On the date of this Project Agreement, Project Co shall deliver, or cause to be delivered, to IO HMQ an irrevocable standby letter of credit (the “Standby Letter of Credit”) in the amount of $[REDACTED] substantially in the form of Schedule 29 - Standby Letter of Credit. (b) Unless the Standby Letter of Credit is drawn by IO HMQ in accordance with the provisions of this Project Agreement, IO HMQ shall release and deliver the Standby Letter of Credit to Project Co on Financial Close. (c) Project Co shall ensure that the Standby Letter of Credit (and any replacement therefor) is renewed prior to its expiry date if, as at such date, Financial Close will not, or may reasonably be expected not to, have occurred.

Standby Letter of Credit. (a) On the date of this Project Agreement, Project Co shall deliver, or cause to be delivered, to IO MHCP an irrevocable standby letter of credit (the “Standby Letter of Credit”) in the amount of [REDACTED] dollars ($[REDACTED] ]) substantially in the form of Schedule 29 29A - Standby Letter of Credit. (b) Unless the Standby Letter of Credit is drawn by IO MHCP in accordance with the provisions of this Project Agreement, IO MHCP shall release and deliver the Standby Letter of Credit to Project Co on Financial Close. (c) Project Co shall ensure that the Standby Letter of Credit (and any replacement therefor) is renewed prior to its expiry date if, as at such date, Financial Close will not, or may reasonably be expected not to, have occurred.

Standby Letter of Credit. ‌ (a) On the date of this Project Agreement, Project Co shall deliver, or cause to be delivered, to IO THP an irrevocable standby letter of credit (the “Standby Letter of Credit”) in the amount of $[REDACTED] substantially REDACTED]substantially in the form of Schedule 29 - 27 – Standby Letter of Credit. (b) Unless the Standby Letter of Credit is drawn by IO THP in accordance with the provisions of this Project Agreement, IO THP shall release and deliver the Standby Letter of Credit to Project Co on Financial Close. (c) Project Co shall ensure that the Standby Letter of Credit (and any replacement therefor) is renewed prior to its expiry date if, as at such date, Financial Close will not, or may reasonably be expected not to, have occurred.

Standby Letter of Credit. (a) On the date of this Project Agreement, Project Co shall deliver, or cause to be delivered, to IO the College an irrevocable standby letter of credit (the “Standby Letter of Credit”) in the amount of $[REDACTED] substantially in the form of Schedule 29 - 28A – Standby Letter of Credit. (b) Unless the Standby Letter of Credit is drawn by IO the College in accordance with the provisions of this Project Agreement, IO the College shall release and deliver the Standby Letter of Credit to Project Co on Financial Close. (c) Project Co shall ensure that the Standby Letter of Credit (and any replacement therefor) is renewed prior to its expiry date if, as at such date, Financial Close will not, or may reasonably be expected not to, have occurred.

Standby Letter of Credit. (a) On the date of this Project Agreement, Project Co shall deliver, or cause to be delivered, to IO HHS an irrevocable standby letter of credit (the “Standby Letter of Credit”) in the amount of $[REDACTED] substantially in the form of Schedule 29 - Standby Letter of Credit. (b) Unless the Standby Letter of Credit is drawn by IO HHS in accordance with the provisions of this Project Agreement, IO HHS shall release and deliver the Standby Letter of Credit to Project Co on Financial Close. (c) Project Co shall ensure that the Standby Letter of Credit (and any replacement therefor) is renewed prior to its expiry date if, as at such date, Financial Close will not, or may reasonably be expected not to, have occurred.

Standby Letter of Credit. (a) On the date of this Project Agreement, Project Co shall deliver, or cause to be delivered, to IO HMQ an irrevocable standby letter of credit (the “Standby Letter of Credit”) in the amount of $[REDACTED] substantially in the form of Schedule 29 28 - Standby Letter of Credit. (b) Unless the Standby Letter of Credit is drawn by IO HMQ in accordance with the provisions of this Project Agreement, IO HMQ shall release and deliver the Standby Letter of Credit to Project Co on Financial Close. (c) Project Co shall ensure that the Standby Letter of Credit (and any replacement therefor) is renewed prior to its expiry date if, as at such date, Financial Close will not, or may reasonably be expected not to, have occurred.

Standby Letter of Credit. (a) On the date of this Project AgreementCommercial Close, Project Co shall deliver, or cause to be delivered, to IO an the Ministry one or more irrevocable standby letter letter(s) of credit (the “Standby Letter of Credit”) in the aggregate amount of $[REDACTED] substantially in the form of Schedule 29 27 - Standby Letter of Credit. (b) Unless the Standby Letter of Credit is drawn by IO the Ministry in accordance with the provisions of this Project Agreement, IO the Ministry shall release and deliver the Standby Letter of Credit to Project Co on Financial Close. (c) Project Co shall ensure that the Standby Letter of Credit (and any replacement therefor) is renewed prior to its expiry date if, as at such date, Financial Close will not, or may reasonably be expected not to, have occurred.

Standby Letter of Credit. (a) On the date of this Project Agreement, Project Co shall deliver, or cause to be delivered, to IO CMH an irrevocable standby letter of credit (the “Standby Letter of Credit”) in the amount of $[REDACTED] substantially in the form of Schedule 29 - 27 – Standby Letter of Credit. (b) Unless the Standby Letter of Credit is drawn by IO CMH in accordance with the provisions of this Project Agreement, IO CMH shall release and deliver the Standby Letter of Credit to Project Co on Financial Close. (c) Project Co shall ensure that the Standby Letter of Credit (and any replacement therefor) is renewed prior to its expiry date if, as at such date, Financial Close will not, or may reasonably be expected not to, have occurred.

Standby Letter of Credit. (a) On the date of this Project Agreement, Project Co shall deliver, or cause to be delivered, to IO CAMH an irrevocable standby letter of credit (the “Standby Letter of Credit”) in the amount of $[REDACTED] substantially in the form of Schedule 29 - Standby Letter of Credit. (b) Unless the Standby Letter of Credit is drawn by IO CAMH in accordance with the provisions of this Project Agreement, IO CAMH shall release and deliver the Standby Letter of Credit to Project Co on Financial Close. (c) Project Co shall ensure that the Standby Letter of Credit (and any replacement therefor) is renewed prior to its expiry date if, as at such date, Financial Close will not, or may reasonably be expected not to, have occurred.