Establishment of Letter of Credit. (a) Not later than one (1) Month prior to the Scheduled COD of the first Element of the Project, each Long Term Transmission Customer shall, through a scheduled bank, open a Letter of Credit in favour of the TSP, to be made operative from a date prior to the Due Date of its first Monthly Transmission Charge Invoice under this Agreement and shall be renewed annually.
Appears in 11 contracts
Samples: Transmission Service Agreement, Transmission Service Agreement, Transmission Service Agreement