Common use of Delivery Term Security Clause in Contracts

Delivery Term Security. Seller agrees to deliver to Buyer Delivery Term Security pursuant to this Section 4.3(b) in the amount of $ [insert dollar amount identified in Offer Form] and in the form of [specify cash, Letter of Credit or Guaranty] from the Initial Delivery Date until the end of the Term to secure its obligations under this Agreement, which Seller shall maintain in full force and effect for the period posted with Buyer. Any such Performance Assurance shall not be deemed a limitation of damages, unless otherwise specifically provided by the terms set forth in this Agreement. [Offers from New or Existing Facilities with Delivery Terms of less than one year: Seller to delete subsection.]

Delivery Term Security. Seller agrees to deliver to Buyer Delivery Term Security pursuant to this Section 4.3(b) in the amount of $ [insert dollar amount identified in Offer Form] and in the form of [specify cash, cash or Letter of Credit or GuarantyCredit] from the Initial Delivery Date until the end of the Term to secure its obligations under this Agreement, which Seller shall maintain in full force and effect for the period posted with Buyer. Any such Performance Assurance shall not be deemed a limitation of damages, unless otherwise specifically provided by the terms set forth in this Agreement. [Offers from New or Existing Facilities with Delivery Terms of less than one year: Seller to delete subsection.]