Common use of Security Arrangement Clause in Contracts

Security Arrangement. (a) USEC shall provide credit support for its obligations under this Contract under the standards of this Article in regard to: (i) USEC's obligations to pay for TVA Energy delivered to USEC that are due and owing for such energy but not yet paid ("Accounts Receivable") for the duration of the Contract and (ii) mark ▇▇ market of Baseline Energy during Period One ("Mark ▇▇ Market"). (b) TVA shall provide credit support for its obligations under this Contract under the standards of this Article in regard to Mark ▇▇ Market.

Appears in 1 contract

Sources: Power Contract (Usec Inc)

Security Arrangement. (a) USEC shall provide credit support for its obligations under this Contract under the standards of this Article in regard to: (i) USEC's ’s obligations to pay for TVA Energy delivered to USEC that are due and owing for such energy but not yet paid ("Accounts Receivable") for the duration of the Contract and (ii) mark ▇▇▇▇ to market of Baseline Energy during Period One ("Mark “▇▇▇▇ to Market"). (b) TVA shall provide credit support for its obligations under this Contract under the standards of this Article in regard to Mark ▇▇▇▇ to Market.

Appears in 1 contract

Sources: Power Contract (Usec Inc)