Use and Return of Collateral. (i)A Secured Party shall be entitled to draw upon the Collateral posted by the Posting Party for any obligation of the Posting Party arising under this Agreement that is not paid when due, whether or not an Early Termination Date has been declared. All Collateral drawn by a Secured Party shall be applied toward satisfaction of the obligations of the Posting Party to the Secured Party under this Agreement.
Appears in 6 contracts
Samples: Power Purchase and Sale Agreement, Power Purchase and Sale Agreement, Power Purchase and Sale Agreement
