Credit Changes. (a) If Seller has provided and is maintaining a Guaranty as part of the Performance Assurance that has resulted in an Applicable PA Amount Reduction and a Credit Event occurs, (i) Seller shall notify Buyer within five (5) Business Days of the occurrence of such Credit Event, (ii) the Applicable PA Amount Reduction shall be Zero Dollars ($0) and (iii) the aggregate amount of the Performance Assurance required to be delivered to Buyer and maintained pursuant to this Agreement shall be increased (with any then-issued Performance Assurance increased within five (5) Business Days of the occurrence of such Credit Event) to account for the elimination of the Applicable PA Amount Reduction. (b) If Seller has provided and is maintaining a Guaranty as part of the Performance Assurance that has resulted in an Applicable PA Amount Reduction and Seller Parent Guarantor has an Accepted Agency Rating and there is a subsequent downgrade by S&P and/or Moody’s of one or more of the Seller Parent Guarantor credit ratings that fall within the definition of “Accepted Agency Rating” but the requirements for Seller Parent Guarantor having an Accepted Agency Rating remain satisfied, (i) Seller shall notify Buyer within five (5) Business Days of the occurrence of such downgrade, (ii) the Applicable PA Amount Reduction shall be reduced as a result of such downgrade if and to the extent the cap on the Applicable PA Amount Reduction specified in the definition of “Applicable PA Amount Reduction” would require an increase to the Performance Assurance provided by Seller, and (iii) if the effect of clause (ii) would require an increase to the Performance Assurance provided by Seller, then within five (5) Business Days of the downgrade in Seller Parent Guarantor’s Accepted Agency Rating, the aggregate amount of the Performance Assurance required to be delivered to Buyer pursuant to this Agreement shall be increased by an amount that will cause the aggregate amount of the Performance Assurance delivered to Buyer pursuant to this Agreement to equal the Required PA Amount. (c) If, at the time a Guaranty is provided, Seller Parent Guarantor has one or more of the Seller Parent Guarantor credit ratings that fall within the definition of “Accepted Agency Rating” but does not have an Accepted Agency Rating and Buyer has granted, in the exercise of its sole and absolute discretion, to Seller an Applicable PA Amount Reduction determined to be appropriate by Buyer in its sole and absolute discretion with respect to such Guaranty and, thereafter, (i) any of such ratings is reduced below the rating that existed for Seller Parent Guarantor at the time such Guaranty was provided or is no longer provided by S&P or Moody’s for Seller Parent Guarantor, or (ii) Seller Parent Guarantor does not have at least two (2) of the SPG Minimum Credit Thresholds, (A) Seller shall notify Buyer within five (5) Business Days of the occurrence of such event, (B) the Applicable PA Amount Reduction shall be reduced as a result of such event to Zero Dollars ($0), and (C) within five (5) Business Days of such event, the aggregate amount of the Performance Assurance required to be delivered to Buyer pursuant to this Agreement shall be increased by an amount that will cause the aggregate amount of the Performance Assurance delivered to Buyer pursuant to this Agreement to equal the Required PA Amount.
Appears in 1 contract
Sources: Power Purchase Agreement
Credit Changes. (a) If Seller has provided and is maintaining a Guaranty as part of the Performance Assurance that has resulted in an Applicable PA Amount Reduction and a Credit Event occurs, (i) Seller shall notify Buyer within five (5) Business Days of the occurrence of such Credit Event, (ii) the Applicable PA Amount Reduction shall be Zero Dollars ($0) and (iii) the aggregate amount of the Performance Assurance required to be delivered to Buyer and maintained pursuant to this Agreement shall be increased (with any then-issued Performance Assurance increased within five (5) Business Days of the occurrence of such Credit Event) to account for the elimination of the Applicable PA Amount Reduction.
(b) If Seller has provided and is maintaining a Guaranty as part of the Performance Assurance that has resulted in an Applicable PA Amount Reduction and Seller Parent Guarantor has an Accepted Agency Rating and there is a subsequent downgrade by S&P and/or Moody’s of one or more of the Seller Parent Guarantor credit ratings that fall within the definition of “Accepted Agency Rating” but the requirements for Seller Parent Guarantor having an Accepted Agency Rating remain satisfied, (i) Seller shall notify Buyer within five (5) Business Days of the occurrence of such downgrade, (ii) the Applicable PA Amount Reduction shall be reduced as a result of such downgrade if and to the extent the cap on the Applicable PA Amount Reduction specified in the definition of “Applicable PA Amount Reduction” would require an increase to the Performance Assurance provided by Seller, and (iii) if the effect of clause (ii) would require an increase to the Performance Assurance provided by Seller, then within five (5) Business Days of the downgrade in Seller Parent Guarantor’s Accepted Agency Rating, the aggregate amount of the Performance Assurance required to be delivered to Buyer pursuant to this Agreement shall be increased by an amount that will cause the aggregate amount of the Performance Assurance delivered to Buyer pursuant to this Agreement to equal the Required PA Amount.
(c) If, at the time a Guaranty is provided, Seller Parent Guarantor has one or more of the Seller Parent Guarantor credit ratings that fall within the definition of “Accepted Agency Rating” but does not have an Accepted Agency Rating and Buyer has granted, in the exercise of its sole and absolute discretion, to Seller an Applicable PA Amount Reduction determined to be appropriate by Buyer in its sole and absolute discretion with respect to such Guaranty and, thereafter, (i) any of such ratings is reduced below the rating that existed for Seller Parent Guarantor at the time such Guaranty was provided or is no longer provided by S&P or Moody’s for Seller Parent Guarantor, or (ii) Seller Parent Guarantor does not have at least two (2) of the SPG Minimum Credit Thresholds, (A) Seller shall notify Buyer within five (5) Business Days of the occurrence of such event, (B) the Applicable PA Amount Reduction shall be reduced as a result of such event to Zero Dollars ($0), and (C) within five (5) Business Days of such event, the aggregate amount of the Performance Assurance required to be delivered to Buyer pursuant to this Agreement shall be increased by an amount that will cause the aggregate amount of the Performance Assurance delivered to Buyer pursuant to this Agreement to equal the Required PA Amount.
(d) If, at the time a Guaranty is provided, Seller Parent Guarantor does not have any of the types of credit ratings that fall within the definition of “Accepted Agency Rating” (i.e., long-term issuer credit rating (S&P, Moody’s) and senior unsecured long-term debt rating (Moody’s)) and Buyer has granted, in the exercise of its sole and absolute discretion, to Seller an Applicable PA Amount Reduction determined to be appropriate by Buyer in its sole and absolute discretion with respect to such Guaranty, and, thereafter, (i) Seller Parent Guarantor is issued at least one such rating by S&P or Moody’s, as applicable, but such rating is not an Accepted Agency Rating, or (ii) Seller Parent Guarantor does not have at least two (2) of the SPG Minimum Credit Thresholds, (A) Seller shall notify Buyer within five (5) Business Days of the occurrence of such event, (B) the Applicable PA Amount Reduction shall be reduced as a result of such event to Zero Dollars ($0), and (C) within five (5) Business Days of such event, the aggregate amount of the Performance Assurance required to be delivered to Buyer pursuant to this Agreement shall be
Appears in 1 contract
Sources: Power Purchase Agreement
Credit Changes. (a) If Seller has provided and is maintaining a Guaranty as part of the Performance Assurance that has resulted in an Applicable PA Amount Reduction and a Credit Event occurs, occurs (i) Seller shall notify Buyer within five ten (510) Business Days of the occurrence of such Credit Event, (ii) the Applicable PA Amount Reduction shall be Zero Dollars ($0) and (iii) the aggregate amount of the Performance Assurance required to be delivered to Buyer and maintained pursuant to this Agreement shall be increased (with any then-issued Performance Assurance increased within five ten (510) Business Days of the occurrence of such Credit Event) to account for the elimination of the Applicable PA Amount Reduction.
(b) If a Credit Event has occurred but is no longer in effect (i) Seller has provided shall notify Buyer within ten (10) Business Days of the date such Credit Event is no longer in effect, (ii) the Applicable PA Amount Reduction shall be determined in accordance with the definition of “Applicable PA Amount Reduction”, and is maintaining a Guaranty as part (iii) the aggregate amount of the Performance Assurance that has resulted in an required to be delivered to Buyer and maintained pursuant to this Agreement shall be decreased (with any then-issued Performance Assurance decreased within ten (10) Business Days of the notice provided by Seller pursuant to clause (i) above) to account for the applicability of the Applicable PA Amount Reduction and Reduction.
(c) If Seller Parent Guarantor has an Accepted Agency Rating and there is a subsequent downgrade by S&P and/or Moody’s of one or more of the Seller Parent Guarantor credit ratings that fall within the definition of “Accepted Agency Rating” but the requirements for Seller Parent Guarantor having an Accepted Agency Rating remain satisfied, (i) Seller shall notify Buyer within five ten (510) Business Days of the occurrence of such downgrade, (ii) the Applicable PA Amount Reduction shall be reduced as a result of such downgrade if and to the extent the cap on the Applicable PA Amount Reduction specified in the definition of “Applicable PA Amount Reduction” would require an increase to the Performance Assurance provided by Seller, and (iii) if the effect of clause (ii) would require an increase to the Performance Assurance provided by Seller, then within five ten (510) Business Days of the downgrade in Seller Parent Guarantor’s Accepted Agency Rating, the aggregate amount of the Performance Assurance required to be delivered to Buyer pursuant to this Agreement shall be increased by an amount that will cause the aggregate amount of the Performance Assurance delivered to Buyer pursuant to this Agreement to equal the Required PA Amount.
(cd) IfIf there is an improvement in Seller Parent Guarantor’s Accepted Agency Rating, at the time a Guaranty is provided, or if Seller Parent Guarantor has one or more of the Seller Parent Guarantor credit ratings that fall within the definition of “Accepted Agency Rating” but does not have an Accepted Agency Rating and Buyer has granted, in the exercise of its sole and absolute discretion, to Seller subsequently obtains an Applicable PA Amount Reduction determined to be appropriate by Buyer in its sole and absolute discretion with respect to such Guaranty and, thereafterAccepted Agency Rating, (i) any of such ratings is reduced below the rating that existed for Seller Parent Guarantor at the time such Guaranty was provided or is no longer provided by S&P or Moody’s for Seller Parent Guarantor, or (ii) Seller Parent Guarantor does not have at least two (2) of the SPG Minimum Credit Thresholds, (A) Seller shall notify Buyer within five ten (510) Business Days of the occurrence of such eventimprovement in Seller Parent Guarantor’s Accepted Agency Rating, (Bii) the Applicable PA Amount Reduction shall be reduced adjusted as a result of such event improvement in accordance with the definition of “Applicable PA Amount Reduction” if Seller Parent Guarantor did not have an Accepted Agency Rating immediately prior to Zero Dollars ($0)such improvement or to the extent such improvement in Seller Parent Guarantor’s Accepted Agency Rating increases the cap under the definition of “Applicable PA Amount Reduction” and such increase in the cap results in a reduction in the aggregate amount of Performance Assurance required to be provided by Seller, and (Ciii) within five if the effect of clause (5ii) Business Days of such eventabove increases the Applicable PA Amount Reduction, the aggregate amount of the Performance Assurance required to be delivered to Buyer pursuant to this Agreement shall be increased by an amount decreased within ten (10) Business Days of such improvement such that will cause the aggregate amount of the Performance Assurance required to be delivered to Buyer pursuant to this Agreement to equal equals the Required PA Amount. Buyer shall cooperate and provide such documentation as may reasonably be required to reduce the aggregate amount of such Performance Assurance.
Appears in 1 contract
Sources: Power Purchase Agreement
Credit Changes. (a) If Seller has provided and is maintaining a Guaranty as part of the Performance Assurance that has resulted in an Applicable PA Amount Reduction and a Credit Event occurs, (i) Seller shall notify Buyer within five (5) Business Days of the occurrence of such Credit Event, (ii) the Applicable PA Amount Reduction shall be Zero Dollars ($0) and (iii) the aggregate amount of the Performance Assurance required to be delivered to Buyer and maintained pursuant to this Agreement shall be increased (with any then-issued Performance Assurance increased within five (5) Business Days of the occurrence of such Credit Event) to account for the elimination of the Applicable PA Amount Reduction.
(b) If Seller has provided and is maintaining a Guaranty as part of the Performance Assurance that has resulted in an Applicable PA Amount Reduction and Seller Parent Guarantor has an Accepted Agency Rating and there is a subsequent downgrade by S&P and/or Moody’s ▇▇▇▇▇’▇ of one or more of the Seller Parent Guarantor credit ratings that fall within the definition of “Accepted Agency Rating” but the requirements for Seller Parent Guarantor having an Accepted Agency Rating remain satisfied, (i) Seller shall notify Buyer within five (5) Business Days of the occurrence of such downgrade, (ii) the Applicable PA Amount Reduction shall be reduced as a result of such downgrade if and to the extent the cap on the Applicable PA Amount Reduction specified in the definition of “Applicable PA Amount Reduction” would require an increase to the Performance Assurance provided by Seller, and (iii) if the effect of clause (ii) would require an increase to the Performance Assurance provided by Seller, then within five (5) Business Days of the downgrade in Seller Parent Guarantor’s Accepted Agency Rating, the aggregate amount of the Performance Assurance required to be delivered to Buyer pursuant to this Agreement shall be increased by an amount that will cause the aggregate amount of the Performance Assurance delivered to Buyer pursuant to this Agreement to equal the Required PA Amount.
(c) If, at the time a Guaranty is provided, Seller Parent Guarantor has one or more of the Seller Parent Guarantor credit ratings that fall within the definition of “Accepted Agency Rating” but does not have an Accepted Agency Rating and Buyer has granted, in the exercise of its sole and absolute discretion, to Seller an Applicable PA Amount Reduction determined to be appropriate by Buyer in its sole and absolute discretion with respect to such Guaranty and, thereafter, (i) any of such ratings is reduced below the rating that existed for Seller Parent Guarantor at the time such Guaranty was provided or is no longer provided by S&P or Moody’s for Seller Parent Guarantor, or (ii) Seller Parent Guarantor does not have at least two (2) of the SPG Minimum Credit Thresholds, (A) Seller shall notify Buyer within five (5) Business Days of the occurrence of such event, (B) the Applicable PA Amount Reduction shall be reduced as a result of such event to Zero Dollars ($0), and (C) within five (5) Business Days of such event, the aggregate amount of the Performance Assurance required to be delivered to Buyer pursuant to this Agreement shall be increased by an amount that will cause the aggregate amount of the Performance Assurance delivered to Buyer pursuant to this Agreement to equal the Required PA Amount.
Appears in 1 contract
Sources: Power Purchase Agreement
Credit Changes. (a) If Seller has provided and is maintaining a Guaranty as part of the Performance Assurance that has resulted in an Applicable PA Amount Reduction and a Credit Event occurs, (i) Seller shall notify Buyer within five (5) Business Days of the occurrence of such Credit Event, (ii) the Applicable PA Amount Reduction shall be Zero Dollars ($0) and (iii) the aggregate amount of the Performance Assurance required to be delivered to Buyer and maintained pursuant to this Agreement shall be increased (with any then-issued Performance Assurance increased within five (5) Business Days of the occurrence of such Credit Event) to account for the elimination of the Applicable PA Amount Reduction.
(b) If Seller has provided and is maintaining a Guaranty as part of the Performance Assurance that has resulted in an Applicable PA Amount Reduction and Seller Parent Guarantor has an Accepted Agency Rating and there is a subsequent downgrade by S&P and/or Moody’s ▇▇▇▇▇’▇ of one or more of the Seller Parent Guarantor credit ratings that fall within the definition of “Accepted Agency Rating” but the requirements for Seller Parent Guarantor having an Accepted Agency Rating remain satisfied, (i) Seller shall notify Buyer within five (5) Business Days of the occurrence of such downgrade, (ii) the Applicable PA Amount Reduction shall be reduced as a result of such downgrade if and to the extent the cap on the Applicable PA Amount Reduction specified in the definition of “Applicable PA Amount Reduction” would require an increase to the Performance Assurance provided by Seller, and (iii) if the effect of clause (ii) would require an increase to the Performance Assurance provided by Seller, then within five (5) Business Days of the downgrade in Seller Parent Guarantor’s Accepted Agency Rating, the aggregate amount of the Performance Assurance required to be delivered to Buyer pursuant to this Agreement shall be increased by an amount that will cause the aggregate amount of the Performance Assurance delivered to Buyer pursuant to this Agreement to equal the Required PA Amount.
(c) If, at the time a Guaranty is provided, Seller Parent Guarantor has one or more of the Seller Parent Guarantor credit ratings that fall within the definition of “Accepted Agency Rating” but does not have an Accepted Agency Rating and Buyer has granted, in the exercise of its sole and absolute discretion, to Seller an Applicable PA Amount Reduction determined to be appropriate by Buyer in its sole and absolute discretion with respect to such Guaranty and, thereafter, (i) any of such ratings is reduced below the rating that existed for Seller Parent Guarantor at the time such Guaranty was provided or is no longer provided by S&P or Moody’s for Seller Parent Guarantor, or (ii) Seller Parent Guarantor does not have at least two (2) of the SPG Minimum Credit Thresholds, (A) Seller shall notify Buyer within five (5) Business Days of the occurrence of such event, (B) the Applicable PA Amount Reduction shall be reduced as a result of such event to Zero Dollars ($0), and (C) within five (5) Business Days of such event, the aggregate amount of the Performance Assurance required to be delivered to Buyer pursuant to this Agreement shall be increased by an amount that will cause the aggregate amount of the Performance Assurance delivered to Buyer pursuant to this Agreement to equal the Required PA Amount.of
Appears in 1 contract
Sources: Power Purchase Agreement
Credit Changes. (a) If Seller has provided and is maintaining a Guaranty as part of the Performance Assurance that has resulted in an Applicable PA Amount Reduction and a Credit Event occurs, occurs (i) Seller shall notify Buyer within five ten (510) Business Days of the occurrence of such Credit Event, (ii) the Applicable PA Amount Reduction shall be Zero Dollars ($0) and (iii) the aggregate amount of the Performance Assurance required to be delivered to Buyer and maintained pursuant to this Agreement shall be increased (with any then-issued Performance Assurance increased within five ten (510) Business Days of the occurrence of such Credit Event) to account for the elimination of the Applicable PA Amount Reduction.
(b) If a Credit Event has occurred but is no longer in effect (i) Seller has provided shall notify Buyer within ten (10) Business Days of the date such Credit Event is no longer in effect, (ii) the Applicable PA Amount Reduction shall be determined in accordance with the definition of “Applicable PA Amount Reduction”, and is maintaining a Guaranty as part (iii) the aggregate amount of the Performance Assurance that has resulted in an required to be delivered to Buyer and maintained pursuant to this Agreement shall be decreased (with any then-issued Performance Assurance decreased within ten (10) Business Days of the notice provided by Seller pursuant to clause (i) above) to account for the applicability of the Applicable PA Amount Reduction and Reduction.
(c) If Seller Parent Guarantor has an Accepted Agency Rating and there is a subsequent downgrade by S&P and/or Moody’s ▇▇▇▇▇’▇ of one or more of the Seller Parent Guarantor credit ratings that fall within the definition of “Accepted Agency Rating” but the requirements for Seller Parent Guarantor having an Accepted Agency Rating remain satisfied, (i) Seller shall notify Buyer within five ten (510) Business Days of the occurrence of such downgrade, (ii) the Applicable PA Amount Reduction shall be reduced as a result of such downgrade if and to the extent the cap on the Applicable PA Amount Reduction specified in the definition of “Applicable PA Amount Reduction” would require an increase to the Performance Assurance provided by Seller, and (iii) if the effect of clause (ii) would require an increase to the Performance Assurance provided by Seller, then within five ten (510) Business Days of the downgrade in Seller Parent Guarantor’s Accepted Agency Rating, the aggregate amount of the Performance Assurance required to be delivered to Buyer pursuant to this Agreement shall be increased by an amount that will cause the aggregate amount of the Performance Assurance delivered to Buyer pursuant to this Agreement to equal the Required PA Amount.
(cd) IfIf there is an improvement in Seller Parent Guarantor’s Accepted Agency Rating, at the time a Guaranty is provided, or if Seller Parent Guarantor has one or more of the Seller Parent Guarantor credit ratings that fall within the definition of “Accepted Agency Rating” but does not have an Accepted Agency Rating and Buyer has granted, in the exercise of its sole and absolute discretion, to Seller subsequently obtains an Applicable PA Amount Reduction determined to be appropriate by Buyer in its sole and absolute discretion with respect to such Guaranty and, thereafterAccepted Agency Rating, (i) any of such ratings is reduced below the rating that existed for Seller Parent Guarantor at the time such Guaranty was provided or is no longer provided by S&P or Moody’s for Seller Parent Guarantor, or (ii) Seller Parent Guarantor does not have at least two (2) of the SPG Minimum Credit Thresholds, (A) Seller shall notify Buyer within five ten (510) Business Days of the occurrence of such eventimprovement in Seller Parent Guarantor’s Accepted Agency Rating, (Bii) the Applicable PA Amount Reduction shall be reduced adjusted as a result of such event improvement in accordance with the definition of “Applicable PA Amount Reduction” if Seller Parent Guarantor did not have an Accepted Agency Rating immediately prior to Zero Dollars ($0)such improvement or to the extent such improvement in Seller Parent Guarantor’s Accepted Agency Rating increases the cap under the definition of “Applicable PA Amount Reduction” and such increase in the cap results in a reduction in the aggregate amount of Performance Assurance required to be provided by Seller, and (Ciii) within five if the effect of clause (5ii) Business Days of such eventabove increases the Applicable PA Amount Reduction, the aggregate amount of the Performance Assurance required to be delivered to Buyer pursuant to this Agreement shall be increased by an amount decreased within ten (10) Business Days of such improvement such that will cause the aggregate amount of the Performance Assurance required to be delivered to Buyer pursuant to this Agreement to equal equals the Required PA Amount. Buyer shall cooperate and provide such documentation as may reasonably be required to reduce the aggregate amount of such Performance Assurance.
Appears in 1 contract
Sources: Power Purchase Agreement
Credit Changes. (a) If Seller has provided and is maintaining a Guaranty as part of the Performance Assurance that has resulted in an Applicable PA Amount Reduction and a Credit Event occurs, (i) Seller shall notify Buyer within five (5) Business Days of the occurrence of such Credit Event, (ii) the Applicable PA Amount Reduction shall be Zero Dollars ($0) and (iii) the aggregate amount of the Performance Assurance required to be delivered to Buyer and maintained pursuant to this Agreement shall be increased (with any then-issued Performance Assurance increased within five (5) Business Days of the occurrence of such Credit Event) to account for the elimination of the Applicable PA Amount Reduction.
(b) If Seller has provided and is maintaining a Guaranty as part of the Performance Assurance that has resulted in an Applicable PA Amount Reduction and Seller Parent Guarantor has an Accepted Agency Rating and there is a subsequent downgrade by S&P and/or Moody’s ▇▇▇▇▇’▇ of one or more of the Seller Parent Guarantor credit ratings that fall within the definition of “Accepted Agency Rating” but the requirements for Seller Parent Guarantor having an Accepted Agency Rating remain satisfied, (i) Seller shall notify Buyer within five (5) Business Days of the occurrence of such downgrade, (ii) the Applicable PA Amount Reduction shall be reduced as a result of such downgrade if and to the extent the cap on the Applicable PA Amount Reduction specified in the definition of “Applicable PA Amount Reduction” would require an increase to the Performance Assurance provided by Seller, and (iii) if the effect of clause (ii) would require an increase to the Performance Assurance provided by Seller, then within five (5) Business Days of the downgrade in Seller Parent Guarantor’s Accepted Agency Rating, the aggregate amount of the Performance Assurance required to be delivered to Buyer pursuant to this Agreement shall be increased by an amount that will cause the aggregate amount of the Performance Assurance delivered to Buyer pursuant to this Agreement to equal the Required PA Amount.
(c) If, at the time a Guaranty is provided, Seller Parent Guarantor has one or more of the Seller Parent Guarantor credit ratings that fall within the definition of “Accepted Agency Rating” but does not have an Accepted Agency Rating and Buyer has granted, in the exercise of its sole and absolute discretion, to Seller an Applicable PA Amount Reduction determined to be appropriate by Buyer in its sole and absolute discretion with respect to such Guaranty and, thereafter, (i) any of such ratings is reduced below the rating that existed for Seller Parent Guarantor at the time such Guaranty was provided or is no longer provided by S&P or Moody’s ▇▇▇▇▇’▇ for Seller Parent Guarantor, or (ii) Seller Parent Guarantor does not have at least two (2) of the SPG Minimum Credit Thresholds, (A) Seller shall notify Buyer within five (5) Business Days of the occurrence of such event, (B) the Applicable PA Amount Reduction shall be reduced as a result of such event to Zero Dollars ($0), and (C) within five (5) Business Days of such event, the aggregate amount of the Performance Assurance required to be delivered to Buyer pursuant to this Agreement shall be increased by an amount that will cause the aggregate amount of the Performance Assurance delivered to Buyer pursuant to this Agreement to equal the Required PA Amount.,
Appears in 1 contract
Sources: Power Purchase Agreement