Common use of Completion and Performance Security Clause in Contracts

Completion and Performance Security. ‌ (a) The Parties acknowledge that the Supplier has, as of the Contract Date, provided to the Buyer security in the form described in Section 6.2(a) for the performance of the Supplier’s obligations under this Agreement (the “Completion and Performance Security”) in an amount equal to $[⚫/MW of Maximum Contract Capacity]. [Note to Finalization: $60,000/ MW of Maximum Contract Capacity for Large-Scale LT1 Projects and $45,000/MW of Maximum Contract

Completion and Performance Security. ‌ (a) The Parties acknowledge that the Supplier has, as of the Contract Date, provided to the Buyer security in the form described in Section 6.2(a) for the performance of the Supplier’s obligations under this Agreement (the “Completion and Performance Security”) in an amount equal to $[⚫/MW of Maximum Contract Capacity]. [Note to FinalizationNTD: $60,000/ MW of Maximum Contract Capacity for Large-Scale LT1 Projects and $45,000/MW of Maximum Contract

Completion and Performance Security. ‌‌ Draft (a) The Parties acknowledge that the Supplier has, as of the Contract Date, provided to the Buyer security in the form described in Section 6.2(a) for the performance of the Supplier’s obligations under this Agreement (the “Completion and Performance Security”) in an amount equal to $[⚫/MW of Maximum Contract Capacity]. [Note to FinalizationNTD: $60,000/ MW of Maximum Contract Capacity for Large-Scale LT1 Projects and $45,000/MW of Maximum Contract