Common use of Cash Escrow Security Clause in Contracts

Cash Escrow Security. Seller shall deposit funds in an escrow account established by Idaho Power in a banking institution acceptable to both Parties equal to, the Default Security. Such sum shall earn interest at the rate applicable to money market deposits at such banking institution from time to time. To the extent Idaho Power receives payment from the Default Security, Seller shall, within fifteen (15) days, restore the Default Security as if no such deduction had occurred.

Appears in 6 contracts

Samples: Energy Sales Agreement, Energy Sales Agreement, Energy Sales Agreement

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