Common use of Unsecured Credit Clause in Contracts

Unsecured Credit. During the term of this Agreement, Buyer shall extend, solely with respect to the Performance Assurance set forth in Section 14.1 (Requirement for Performance Assurance), Unsecured Credit to Seller in an amount initially determined on the Effective Date and redetermined each Business Day thereafter pursuant to this Section 14.3. The relevant Unsecured Credit Cap shall be the Unsecured Credit Cap listed in the following table that corresponds to Seller’s (or Seller’s Guarantor’s) lowest Credit Rating most recently published by S&P, Fitch and/or Moody’s. The relevant TNW Amount shall be calculated using the TNW Percentage listed in the following table that corresponds to Seller’s (or Seller’s Guarantor’s) lowest Credit Rating most recently published by S&P, Fitch and/or Moody’s. If the Seller and an Affiliate(s) are both winning bidders in the RFP, then the Seller (or Seller’s Guarantor) and the Affiliate(s) will proportionally share the amount of Unsecured Credit listed in the following table that corresponds to the Seller’s (or Seller’s Guarantor’s) lowest Credit Rating most recently published by S&P, Fitch and/or Moody’s. Credit Rating S &P Fitch Xxxxx’x TNWP ercentage Unsecured Credit Cap A or above A or above A2 or above 15% $125,000,000 X- X- X0 10% $100,000,000 BBB+ BBB+ Baa1 8% $75,000,000 BBB BBB Baa2 6% $50,000,000 BBB- BBB- Baa3 4% $25,000,000 BB+ BB+ Ba1 2% $15,000,000 BB BB Ba2 1% $10,000,000 BB- BB- Ba3 0.5% $5,000,000 Below BB- / Unrated Below BB- / Unrated Below Ba3 / Unrated 0% $0.00

Unsecured Credit. During the term of this Agreement, Buyer shall extend, solely with respect to the Performance Assurance set forth in Section 14.1 (Requirement for Performance Assurance), Unsecured Credit to Seller in an amount initially determined on the Effective Date and redetermined each Business Day thereafter pursuant to this Section 14.3. The relevant Unsecured Credit Cap shall be the Unsecured Credit Cap listed in the following table that corresponds to Seller’s (or Seller’s Guarantor’s) lowest Credit Rating most recently published by S&P, Fitch and/or Moody’s. The relevant TNW Amount shall be calculated using the TNW Percentage listed in the following table that corresponds to Seller’s (or Seller’s Guarantor’s) lowest Credit Rating most recently published by S&P, Fitch and/or Moody’s. If the Seller and an Affiliate(s) are both winning bidders in the RFP, then the Seller (or Seller’s Guarantor) and the Affiliate(s) will proportionally share the amount of Unsecured Credit listed in the following table that corresponds to the Seller’s (or Seller’s Guarantor’s) lowest Credit Rating most recently published by S&P, Fitch and/or Moody’s. Credit Rating S &P Moody’s TNW Unsecured S&P Fitch Xxxxx’x TNWP ercentage Unsecured Percentage Credit Cap A or above A or above A2 or above 15% $125,000,000 X- X- X0 A- A- A3 10% $100,000,000 BBB+ BBB+ Baa1 8% $75,000,000 BBB BBB Baa2 6% $50,000,000 BBB- BBB- Baa3 4% $25,000,000 BB+ BB+ Ba1 2% $15,000,000 BB BB Ba2 1% $10,000,000 BB- BB- Ba3 0.5% $5,000,000 Below BB- / Unrated Below BB- / Unrated Below Ba3 / Unrated 0% $0.00

Unsecured Credit. During the term of this Agreement, Buyer shall extend, solely with respect to the Performance Assurance set forth in Section 14.1 12.1 (Requirement for Performance Assurance), Unsecured Credit Credit, as defined in Article 1 of this Agreement, to Seller in an amount initially determined on the Effective Date and redetermined each Business Day thereafter pursuant to this Section 14.312.3. The For purposes of determining Unsecured Credit, the relevant Unsecured Credit Cap Limit for Aggregate Transactions shall be not exceed the Unsecured Credit Cap Limit listed in the following table that corresponds to Seller’s (or Seller’s Guarantor’s) lowest Credit Rating most recently published by S&P, Fitch and/or Moody’s. The relevant TNW Amount shall be calculated using the TNW Percentage listed in the following table that corresponds to Seller’s (or Seller’s Guarantor’s) lowest Credit Rating most recently published by S&P, Fitch and/or Moody’s. If CREDIT RATING S&P Fitch Xxxxx’x TNW Percentage Unsecured Credit Limit A- or above A- or above A3 or above 5% $75,000,000 BBB+ BBB+ Baa1 5% $50,000,000 BBB BBB Baa2 5% $35,000,000 BBB­- BBB-­ Baa3 5% $20,000,000 Below BBB- Below BBB- Below Baa3 5% $0 Pursuant to this Article 12 and Article 1, the Seller and an Affiliate(s) are both winning bidders in the RFP, then the Seller (or Seller’s Guarantor) and the Affiliate(s) will proportionally share the amount analysis of Unsecured Credit listed will also include consideration of the Guaranty Agreement, if any, submitted by Seller in the following table that corresponds to the Seller’s (or Seller’s Guarantor’s) lowest Credit Rating most recently published by S&P, Fitch and/or Moody’s. Credit Rating S &P Fitch Xxxxx’x TNWP ercentage Unsecured Credit Cap A or above A or above A2 or above 15% $125,000,000 X- X- X0 10% $100,000,000 BBB+ BBB+ Baa1 8% $75,000,000 BBB BBB Baa2 6% $50,000,000 BBB- BBB- Baa3 4% $25,000,000 BB+ BB+ Ba1 2% $15,000,000 BB BB Ba2 1% $10,000,000 BB- BB- Ba3 0.5% $5,000,000 Below BB- / Unrated Below BB- / Unrated Below Ba3 / Unrated 0% $0.00connection with this contract.

Unsecured Credit. During the term of this Agreement, Buyer shall extend, solely with respect to the Performance Assurance set forth in Section 14.1 (Requirement for Performance Assurance), Unsecured Credit Credit, as defined in Article 1 of this Agreement, to Seller in an amount initially determined on the Effective Date and redetermined each Business Day thereafter pursuant to this Section 14.3. The For purposes of determining Unsecured Credit, the relevant Unsecured Credit Cap Limit for Aggregate Transactions shall be not exceed the Unsecured Credit Cap Limit listed in the following table that corresponds to Seller’s (or Seller’s Guarantor’s) lowest Credit Rating most recently published by S&P, Fitch and/or Moody’sXxxxx’x. The relevant TNW Amount shall be calculated using the TNW Percentage listed in the following table that corresponds to Seller’s (or Seller’s Guarantor’s) lowest Credit Rating most recently published by S&P, Fitch and/or Moody’sXxxxx’x. If CREDIT RATING S&P Fitch Xxxxx’x TNW Percentage Unsecured Credit Limit A- or above A- or above A3 or above 5% $75,000,000 BBB+ BBB+ Baa1 5% $50,000,000 BBB BBB Baa2 5% $35,000,000 BBB­- BBB-­ Baa3 5% $20,000,000 Below BBB- Below BBB- Below Baa3 5% $0 Pursuant to this Article 14 and Article 1, the Seller and an Affiliate(s) are both winning bidders in the RFP, then the Seller (or Seller’s Guarantor) and the Affiliate(s) will proportionally share the amount analysis of Unsecured Credit listed will also include consideration of the Guaranty Agreement, if any, submitted by Seller in the following table that corresponds to the Seller’s (or Seller’s Guarantor’s) lowest Credit Rating most recently published by S&P, Fitch and/or Moody’s. Credit Rating S &P Fitch Xxxxx’x TNWP ercentage Unsecured Credit Cap A or above A or above A2 or above 15% $125,000,000 X- X- X0 10% $100,000,000 BBB+ BBB+ Baa1 8% $75,000,000 BBB BBB Baa2 6% $50,000,000 BBB- BBB- Baa3 4% $25,000,000 BB+ BB+ Ba1 2% $15,000,000 BB BB Ba2 1% $10,000,000 BB- BB- Ba3 0.5% $5,000,000 Below BB- / Unrated Below BB- / Unrated Below Ba3 / Unrated 0% $0.00connection with this contract.

Unsecured Credit. During the term of this Agreement, Buyer shall extend, solely with respect to the Performance Assurance set forth in Section 14.1 (Requirement for Performance Assurance), Unsecured Credit to Seller in an amount initially determined on the Effective Date and redetermined each Business Day thereafter pursuant to this Section 14.3. The relevant Unsecured Credit Cap shall be the Unsecured Credit Cap listed in the following table that corresponds to Seller’s (or Seller’s Guarantor’s) lowest Credit Rating most recently published by S&P, Fitch and/or Moody’s. The relevant TNW Amount shall be calculated using the TNW Percentage listed in the following table that corresponds to Seller’s (or Seller’s Guarantor’s) lowest Credit Rating most recently published by S&P, Fitch and/or Moody’s. If the Seller and an Affiliate(s) are both winning bidders in the RFP, then the Seller (or Seller’s Guarantor) and the Affiliate(s) will proportionally share the amount of Unsecured Credit listed in the following table that corresponds to the Seller’s (or Seller’s Guarantor’s) lowest Credit Rating most recently published by S&P, Fitch and/or Moody’s. Credit Rating S &P Moody’s TNW Unsecured S&P Fitch Xxxxx’x TNWP ercentage Unsecured Percentage Credit Cap A or above A or above A2 or above 15% $125,000,000 X- X- X0 10% $100,000,000 BBB+ BBB+ Baa1 8% $75,000,000 BBB BBB Baa2 6% $50,000,000 BBB- BBB- Baa3 4% $25,000,000 BB+ BB+ Ba1 2% $15,000,000 BB BB Ba2 1% $10,000,000 BB- BB- Ba3 0.5% $5,000,000 Below BB- / Unrated Below BB- / Unrated Below Ba3 / Unrated 0% $0.00