Common use of Security for Utility Adjustment Costs; Insurance Clause in Contracts

Security for Utility Adjustment Costs; Insurance. 7.5.9.1 Upon request from a Utility Owner entitled to reimbursement of Utility Adjustment costs, Developer shall provide security for such reimbursement by way of a payment bond, letter of credit or retention account, in such amount and on such terms as are negotiated in good faith between Developer and the Utility Owner.

Security for Utility Adjustment Costs; Insurance. 7.5.9.1 (a) Upon request from a Utility Owner entitled to reimbursement of Utility Adjustment costs, Developer shall shall, at its sole cost, provide security for such reimbursement by way of a payment bond, letter of credit or retention account, in such amount and on such terms as are negotiated in good faith between Developer and the Utility Owner.

Security for Utility Adjustment Costs; Insurance. 7.5.9.1 6.8.9.1 Upon request from a Utility Owner entitled to reimbursement of Utility Adjustment costs, Developer shall shall, at its sole cost, provide security for such reimbursement by way of a payment bond, letter of credit or retention account, in such amount and on such terms as are negotiated in good faith between Developer and the Utility Owner.

Security for Utility Adjustment Costs; Insurance. 7.5.9.1 Upon request from a Utility Owner entitled to reimbursement of Utility Adjustment costscosts which are reimbursable by Developer under Section 7.5.4, Developer shall provide security for such reimbursement by way of a payment bond, letter of credit or retention account, in such amount and on such terms as are negotiated in good faith between Developer and the Utility Owner.