Examples of Performance Assurance Amount in a sentence
The Performance Assurance Amount will be revised upon any change to the Expected Term Year Energy Production.
The actual amount posted by Seller and held by Buyer is the Performance Assurance Amount, which shall be required to be at least equal to the Performance Assurance Requirement.
Upon the resulting payment by Seller, Seller may request for the reduction of a portion of the Performance Assurance Amount attributable to such Designated System.
The Performance Assurance Amount shall be posted to SCE and maintained at all times during the Term and thereafter until such time as Seller has satisfied all monetary obligations which survive any termination of this Agreement, not to exceed one year following the end of the Term.
Additionally, if there is an increase in the Collateral Requirement for a Community Renewable Energy Generation Project based on information in Seller’s ABP Part I Application and ABP Part II Application for such Designated System, Seller shall not be required to post additional Performance Assurance Amount at the time of Energization.