Examples of Credit Amount in a sentence
Buyer shall return the Performance Assurance in the amount of the Collateral Requirement upon receipt of a Letter of Credit amendment for the reduced amount from Seller, or cancel the Letter of Credit if the withheld amount of such last two REC payments is equal to or exceeds the Letter of Credit amount.
In the event that Xxxxxx has posted Seller’s Performance Assurance in the form of a Letter of Credit, Seller may request for Buyer to withhold a portion of the last two REC payments of a Designated System (or withhold a portion of the only REC payment if the Designated System has an Actual Nameplate Capacity equal to or less than 25 kW52) as Seller’s Performance Assurance in exchange for a Letter of Credit amount reduction.
Provided further that if at any time, such Letter of Credit amount falls short of the amount specified in Article 10.4.2 due to any reason whatsoever, EDG shall restore such shortfall within fifteen (15) days.