Common use of Other Performance Security Clause in Contracts

Other Performance Security. Notwithstanding anything else in this Agreement, if at any time Performance Security in respect of a Project or Portfolio is not required to be posted with the IESO pursuant to Section 7.2, but the Participant has provided Performance Security to the IESO in respect of another Project or Portfolio under another agreement between the Participant and the IESO in respect of the Program, the IESO may, during the same period of time that Performance Security would have been required but for Section 7.2, call on such Performance Security under this Article IX. In the event the IESO calls on Performance Security provided under another agreement, the IESO may require the Participant to replace such Performance Security. In addition, the IESO may set off against any payments owing to a Participant under one agreement in respect of the Program against any amounts owing to the IESO by that Participant under another agreement in respect of the Program.