Timing and Amount. (i) If at any time, and from time to time, and for any reason (including the exercise by PG&E of any right or remedy with respect to Performance Assurance, including the drawing of a Letter of Credit), the Agreement Exposure for Party B exceeds Party B’s Threshold, then PG&E may request of Party B, and Party B shall provide, Performance Assurance in the form of Cash or Letter of Credit in an amount equal to the amount by which the Agreement Exposure exceeds Party B’s Threshold.
Appears in 3 contracts
Samples: Offset Credit Purchase Agreement, Offset Credit Purchase Agreement, Offset Credit Purchase Agreement
Timing and Amount. (i) If at any time, and from time to time, and for any reason (including the exercise by PG&E SDG&E of any right or remedy with respect to Performance Assurance, including the drawing of a Letter of Credit), the Agreement Exposure for Party B exceeds Party B’s Threshold, then PG&E SDG&E may request of Party B, and Party B shall provide, Performance Assurance in the form of Cash or Letter of Credit in an amount equal to the amount by which the Agreement Exposure exceeds Party B’s Threshold.
Appears in 2 contracts
Samples: Offset Credit Purchase Agreement, Offset Credit Purchase Agreement
