Collateral Requirement. On or before the thirtieth (30th) day following the Execution Date, Seller shall post and thereafter maintain a collateral requirement (the “Collateral Requirement”) as designated in the Cover Sheet. The Collateral Requirement will be held by Buyer and must be in the form of either a cash deposit or Letter of Credit.
Collateral Requirement. The “Collateral Requirement” for Seller means the Exposure, minus the sum of:
Collateral Requirement. On or before the thirtieth (30th) day following the Execution Date, Seller shall post and thereafter maintain a collateral requirement (the “Collateral Requirement”) equal to twenty dollars ($20.00) for each kilowatt of the Contract Capacity. The Collateral Requirement will be held by Buyer and must be in the form of either a cash deposit or Letter of Credit.
Collateral Requirement. [The Collateral Requirement is equal to twenty thousand dollars ($20,000.00) for each megawatt of the Contract Capacity for a total of [Dollar amount in words] ($ _.00).] [For all Projects except Projects with a High Hazard Fuel Requirement] OR [The Collateral Requirement is equal to the greater of (i) an amount equal to (a) the Contract Price minus $199.72/MWh, multiplied by (b) 1.5, multiplied by (c) the highest annual Contract Quantity(MWh/yr) committed in the Delivery Term Contract Quantity Schedule set forth in the Cover Sheet Section D, for a total of [Dollar amount in words] ($ _.00)]; or (ii) twenty thousand dollars ($20,000) for each megawatt of the Contract Capacity for a total of [Dollar amount in words] ($ _ .00).] [For all Projects with a High Hazard Fuel Requirement]
Collateral Requirement. Borrower shall comply with the Collateral Requirement in all respects, and shall promptly notify Administrative Agent as soon as it has knowledge or reasonable belief that the value of any Collateral has been or may be materially impaired.
Collateral Requirement. 4.1. On or before the thirtieth (30th) day following the Effective Date, Producer shall post and thereafter maintain a collateral requirement (the “Collateral Requirement”) equal to twenty dollars ($20) for each kilowatt of the Gross Power Rating. The Collateral Requirement will be held by SCE and must be in the form of either a cash deposit or the Letter of Credit. If Producer establishes the Collateral Requirement in the form of a cash deposit, SCE shall make monthly Simple Interest Payments to Producer in accordance with the terms of this Agreement.
Collateral Requirement. The Collateral Requirement is equal to twenty thousand dollars ($20,000) for each megawatt of the Contract Capacity for a total of [Dollar amount in words] ($ _.00).
Collateral Requirement. Within 45 days (or such longer period of time agreed to by the Administrative Agent in writing in its sole discretion) of the Third Amendment Effective Date, each Loan Party shall grant a perfected first-priority security interest and continuing Lien (subject to Permitted Liens) in favor of the Administrative Agent, for the benefit of the Secured Parties, on all of its Collateral to secure the Obligations by delivering to the Administrative Agent a customary security agreement, in form and substance reasonably satisfactory to the Administrative Agent (together with each other security agreement and security agreement supplement, in each case as amended, the “Security Agreement”), duly executed by each Loan Party, together with:
Collateral Requirement. The Valuation Agent agrees to contact the Custodian (and the Custodian agrees to promptly furnish such information) on the last day that each Collateral Requirement is required to be satisfied to verify the satisfaction of same by the Pledgor and to immediately notify the Pledgor and the Pledgee in the manner described in Section 2.7(a) of the Pledgor's failure to satisfy the Collateral Requirement. The Pledgor's failure to satisfy the Collateral Requirement shall result in the Pledgee having the immediate right to the Certificate Collateral and Account Funds in accordance with Section 6.1.
Collateral Requirement. The Borrower shall take such actions as are necessary or as the Agent shall reasonably request from time to time to comply with the Collateral Requirement (subject to any exception or exclusion expressly set forth herein or in any Security Document), and shall promptly notify the Agent upon having knowledge that the Lien of the Agent pursuant to the Security Documents has been materially impaired.
