XXXXXX AND COLLATERAL. 18 7.01 Development Security. 18 7.02 Performance Assurance 19 7.03 Administration of Project Security. 20 Table Of Contents Section Page 7.04 Grant of Security Interest 22 7.05 Remedies. 22 7.06 Credit and Collateral Covenants. 23 7.07 California Commercial Code Waiver. 23 7.08 Financial Information. 24
XXXXXX AND COLLATERAL. [note to bidders:
XXXXXX AND COLLATERAL. 18 7.01 Development Security. 18 7.02 Performance Assurance. 19 7.03 Administration of Project Security. 20 Table Of Contents Section Page 7.04 Grant of Security Interest. 22
XXXXXX AND COLLATERAL. 25 7.01 Development Security 25 Table Of Contents Section Page 7.02 Performance Assurance 27 7.03 Administration of Project Security 27 7.04 Grant of Security Interest 29 7.05 Remedies 29 7.06 Credit and Collateral Covenants 30 7.07 California Commercial Code Waiver. 31 7.08 Financial Information 31 ARTICLE 8.FORCE MAJEURE 32 8.01 No Default for Force Majeure 32 8.02 Force Majeure Claim 32 8.03 Termination 33
XXXXXX AND COLLATERAL. 5.1.Seller’s Credit and Collateral Requirements Seller shall provide no later than the deadline set forth in subsection (b) below and maintain throughout the Term collateral with Buyer in an amount of __________________dollars ($_________) [insert dollar amount equal to the greater of $40/kW multiplied by the highest Monthly Contracted Quantity over the Delivery Period or ten percent (10%) of the sum of the highest estimated Delivered Capacity Payments over a consecutive three (3) calendar year period during the Delivery Period, with such estimated Delivered Capacity Payments being based on the applicable Monthly Quantity values times the applicable Contract Price] (“Performance Assurance”). Seller shall post the Performance Assurance with Buyer within five (5) Business Days of the Execution Date.
XXXXXX AND COLLATERAL
