Common use of Replacement Security Clause in Contracts

Replacement Security. The provisions of Section 5.2 of the Lease “Replacement Security” shall apply, mutatis mutandis, to the Master Agreement and this TC; provided that, any Letter of Credit or cash deposit that replaces the Equity Pledge or Parent Guaranty supporting the Master Agreement and this TC shall be in the amount of $[***] (as such amount may be ratably reduced in the event of a partial release of the Equity Pledge).

Appears in 2 contracts

Sources: Master Retail Electricity Supply Agreement (SilverSun Technologies, Inc.), Master Retail Electricity Supply Agreement (Rhodium Enterprises, Inc.)