Operating Period Security definition

Operating Period Security shall have the meaning set forth in Section 6.1(b) hereof.

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Operating Period Security. Shall have the meaning set forth in Section 14.4 (Operating Period Security).

Operating Period Security shall have the meaning set forth in Section 6.1(b) hereof. “Operative CPS Change” shall have the meaning set forth in Section 4.1(b) hereof.

Examples of Operating Period Security in a sentence

Seller shall supply the Development Period and Operating Period Security required in the form of an irrevocable standby letter of credit with no documentation requirement substantially in the form attached to this Agreement as APPENDIX G (Form of Letter of Credit) from a bank chartered in the United States with a credit rating of “A-” or better.
Seller shall provide such Operating Period Security to Buyer within five (5) Business Days after the Commercial Operation Date.
The Development Period Security shall be returned to Seller, subject to Buyer’s right to draw from the Development Period Security as set forth in Section 9.6 (Buyer’s Right to Draw from Security Funds) following Buyer’s receipt of Operating Period Security pursuant to Section 9.3 (Operating Period Security) of this Agreement.
As pertains to Flexibility Services that require a New Build Facility, Seller is required to post and maintain Development Period Security and Operating Period Security based on the requirements of this Article 9 (Credit Assurance and Security).

More Definitions of Operating Period Security

Operating Period Security means collateral in the form of cash which shall be provided by the Subscriber Organization to the EDC during the operation of the SCEF;

Operating Period Security. The Operating Period Security shall be in the amount of $158,400 (which is equal to $40,000.00 per MWh per hour of Contract Maximum Amount), as adjusted in accordance with Section 3.3(b) and Section 3.3(c). If at any time on or after the Commercial Operation Date, the amount of Operating Period Security is reduced as a result of Buyer’s draw upon such Operating Period Security to less than the amount of Operating Period Security required to be provided by Seller, within five (5) Business Days after that draw Seller shall replenish such Operating Period Security to the amount required to be provided by Seller. Neither the Development Period Security nor the Operating Period Security includes any Default Credit Support, and the unused portion (if any) of such Default Credit Support will be returned to Seller within thirty (30) days after the earlier of (a) the cure of the related Default, or (b) the time Credit Support is required to be returned to Seller under Section

Operating Period Security. $ As provided in Section of APPENDIX E (Facility Requirements), parties agree Operational Security is the Contract Value for the given year with assumed forecasted number of dispatches and Contract Price provided in executed Scheduled Dispatch Service Form.

Operating Period Security means collateral in the form of cash which shall be provided by the Subscriber Organization to the EDC during the operation of the SCEF. Operating Period Security shall earn interest at the Interest Rate;

Operating Period Security has the meaning set forth in Section 9.1.

Operating Period Security shall have the meaning set forth in Section 6.1(b) hereof. “Party” and “Parties” shall have the meaning set forth in the first paragraph hereof.

Operating Period Security has the meaning set forth in Section 14.2 (Operating