Common use of Adjustments to Default Security Clause in Contracts

Adjustments to Default Security. On or before January 1 of each year during the Term, Seller shall (a) adjust the Default Security by increasing or decreasing the Default Security to correspond to the amount reasonably determined by PacifiCorp under Section 7.2.2 and (b) deliver such adjusted Default Security to PacifiCorp. PacifiCorp shall notify Seller of the determination of such amount on or before the preceding December 1.

Adjustments to Default Security. On or before January 1 31st of each year during the Term, Seller shall (a) adjust the Default Security by increasing or decreasing the Default Security to correspond to the amount reasonably determined by PacifiCorp under Section 7.2.2 8.2.2 and (b) deliver such adjusted Default Security to PacifiCorp. PacifiCorp shall notify Seller of the determination of such amount on or before the preceding December 11st.

Adjustments to Default Security. On or before January 1 31st of each year during the Term, Seller shall (a) adjust the Default Security by increasing or decreasing the Default Security to correspond to the amount reasonably determined by PacifiCorp under Section 7.2.2 8.2.2 and (b) deliver such adjusted Default Security to PacifiCorp. PacifiCorp shall notify Seller of the determination of such amount on or before the preceding December 1.

Adjustments to Default Security. On or before January 1 of each year during the Term, Seller shall (a) adjust the Default Security by increasing or decreasing the Default Security to correspond to the amount reasonably determined by PacifiCorp under Section 7.2.2 8.2.2 and (b) deliver such adjusted Default Security to PacifiCorp. PacifiCorp shall notify Seller of the determination of such amount on or before the preceding December 1.