{"component": "definition", "props": {"groups": [{"snippet_links": [{"key": "performance-assurance", "type": "clause", "offset": [10, 31]}, {"key": "to-maintain", "type": "clause", "offset": [56, 67]}, {"key": "as-specified", "type": "clause", "offset": [69, 81]}, {"key": "article-eight", "type": "clause", "offset": [85, 98]}, {"key": "secure-performance", "type": "clause", "offset": [103, 121]}, {"key": "delivery-term", "type": "clause", "offset": [152, 165]}], "samples": [{"hash": "3uJQ0nu0OQD", "uri": "/contracts/3uJQ0nu0OQD#delivery-term-security", "label": "Power Purchase Agreement", "score": 35.0618591309, "published": true}, {"hash": "lvq82ILmdK9", "uri": "/contracts/lvq82ILmdK9#delivery-term-security", "label": "Power Purchase Agreement", "score": 34.3665657043, "published": true}, {"hash": "7CY0j9YqWzf", "uri": "/contracts/7CY0j9YqWzf#delivery-term-security", "label": "Power Purchase Agreement", "score": 34.3638267517, "published": true}], "snippet": "means the Performance Assurance that Seller is required to maintain, as specified in Article Eight, to secure performance of its obligations during the Delivery Term.", "size": 106, "hash": "5ee03bcaf7beaa1e43e0c6c9c03a8e76", "id": 1}, {"snippet_links": [{"key": "assurance-required", "type": "clause", "offset": [22, 40]}, {"key": "of-seller", "type": "clause", "offset": [41, 50]}, {"key": "as-specified", "type": "clause", "offset": [52, 64]}], "samples": [{"hash": "c9d9t3XUFMM", "uri": "/contracts/c9d9t3XUFMM#delivery-term-security", "label": "Distribution Services Agreement", "score": 32.9184989929, "published": true}, {"hash": "86yJ9lrFbdg", "uri": "/contracts/86yJ9lrFbdg#delivery-term-security", "label": "Distribution Services Agreement", "score": 30.913022995, "published": true}, {"hash": "jyKjl04C9pg", "uri": "/contracts/jyKjl04C9pg#delivery-term-security", "label": "Distribution Services Agreement", "score": 30.4504089355, "published": true}], "snippet": "means the Performance Assurance required of Seller, as specified and referred to in Section 10.4(a).", "size": 84, "hash": "3398beb60f7172da78f3c0dbd3f0b9a7", "id": 2}, {"snippet_links": [{"key": "performance-assurance", "type": "clause", "offset": [10, 31]}, {"key": "to-maintain", "type": "clause", "offset": [56, 67]}, {"key": "as-specified", "type": "clause", "offset": [69, 81]}, {"key": "article-eight", "type": "clause", "offset": [85, 98]}, {"key": "secure-performance", "type": "clause", "offset": [103, 121]}, {"key": "delivery-term", "type": "clause", "offset": [152, 165]}, {"key": "short-term", "type": "clause", "offset": [168, 178]}, {"key": "term-of", "type": "clause", "offset": [228, 235]}, {"key": "less-than-one-year", "type": "clause", "offset": [236, 254]}], "samples": [{"hash": "g9Ci7I4T3wM", "uri": "/contracts/g9Ci7I4T3wM#delivery-term-security", "label": "Power Purchase Agreement", "score": 27.0369606018, "published": true}, {"hash": "fV5ATeMLg09", "uri": "/contracts/fV5ATeMLg09#delivery-term-security", "label": "Power Purchase Agreement", "score": 26.4620132446, "published": true}], "snippet": "means the Performance Assurance that Seller is required to maintain, as specified in Article Eight, to secure performance of its obligations during the Delivery Term. [Short Term Offers from new or existing ERRs with a Delivery Term of less than one year: Seller to delete]", "size": 11, "hash": "712c67b6f96ba6fb4848a531f9511c09", "id": 3}, {"snippet_links": [{"key": "the-seller", "type": "clause", "offset": [6, 16]}, {"key": "collateral-requirement", "type": "definition", "offset": [19, 41]}, {"key": "as-specified", "type": "clause", "offset": [43, 55]}], "samples": [{"hash": "g1lNeRDc7A0", "uri": "/contracts/g1lNeRDc7A0#delivery-term-security", "label": "Cpe Resource Adequacy Agreement", "score": 25.6091709137, "published": true}, {"hash": "dTXbDsK8F9i", "uri": "/contracts/dTXbDsK8F9i#delivery-term-security", "label": "Cpe Resource Adequacy Agreement", "score": 25.6091709137, "published": true}, {"hash": "ldOqAFw7ARG", "uri": "/contracts/ldOqAFw7ARG#delivery-term-security", "label": "Cpe Resource Adequacy Agreement", "score": 25.1423683167, "published": true}], "snippet": "means the Seller\u2019s collateral requirement, as specified and referred to in Section 10.4(b).", "size": 10, "hash": "0d69dda3fef02050fdeb9935393ee605", "id": 4}, {"snippet_links": [], "samples": [{"hash": "c7wu9px5lrI", "uri": "/contracts/c7wu9px5lrI#delivery-term-security", "label": "Power Sales Agreement", "score": 31.3390369415, "published": true}, {"hash": "9f22NBjKstJ", "uri": "/contracts/9f22NBjKstJ#delivery-term-security", "label": "Power Purchase Agreement", "score": 31.3390369415, "published": true}, {"hash": "5rE4AVjqCQm", "uri": "/contracts/5rE4AVjqCQm#delivery-term-security", "label": "Power Sales Agreement", "score": 31.3390369415, "published": true}], "snippet": "has the meaning set forth in Section 5.7(b).", "size": 7, "hash": "80ec655bf4dd3ee39c295729edc0a0f3", "id": 5}, {"snippet_links": [], "samples": [{"hash": "7ONnMtPmHAV", "uri": "/contracts/7ONnMtPmHAV#delivery-term-security", "label": "Power Purchase Agreement", "score": 27.9268989563, "published": true}, {"hash": "lgpka9MlCE1", "uri": "/contracts/lgpka9MlCE1#delivery-term-security", "label": "Power Sales Agreement", "score": 26.4528369904, "published": true}, {"hash": "c7wu9px5lrI", "uri": "/contracts/c7wu9px5lrI#delivery-term-security", "label": "Power Sales Agreement", "score": 24.6902980804, "published": true}], "snippet": "has the meaning set forth in Section 5.7(b). \u201cDispute\u201d has the meaning set forth in Section 14.3(a).", "size": 6, "hash": "2de93b56d9629c2a84cd529691c6f680", "id": 6}, {"snippet_links": [{"key": "dollar-amount", "type": "definition", "offset": [11, 24]}], "samples": [{"hash": "4EJM79DFOdp", "uri": "/contracts/4EJM79DFOdp#delivery-term-security", "label": "Cpe Resource Adequacy Agreement", "score": 25.6091709137, "published": true}, {"hash": "35iNARyWXls", "uri": "/contracts/35iNARyWXls#delivery-term-security", "label": "Cpe Resource Adequacy Agreement", "score": 25.6091709137, "published": true}, {"hash": "jWuRjzz5OOf", "uri": "/contracts/jWuRjzz5OOf#delivery-term-security", "label": "Cpe Resource Adequacy Agreement", "score": 25.1423683167, "published": true}], "snippet": "means that dollar amount specified in Section 10.4(b).", "size": 5, "hash": "d6d48cc8af02086ec9950663f058da66", "id": 7}, {"snippet_links": [{"key": "a-letter-of-credit", "type": "definition", "offset": [10, 28]}, {"key": "form-of", "type": "definition", "offset": [51, 58]}, {"key": "attachment-d", "type": "definition", "offset": [59, 71]}, {"key": "held-in-escrow", "type": "clause", "offset": [116, 130]}, {"key": "cash-escrow-agreement", "type": "definition", "offset": [155, 176]}, {"key": "attachment-e", "type": "clause", "offset": [207, 219]}, {"key": "mutually-agreed", "type": "clause", "offset": [226, 241]}, {"key": "the-generator", "type": "clause", "offset": [291, 304]}, {"key": "delivery-term", "type": "clause", "offset": [330, 343]}, {"key": "defined-in-section", "type": "clause", "offset": [357, 375]}], "samples": [{"hash": "9QmcVpDX1E9", "uri": "/contracts/9QmcVpDX1E9#delivery-term-security", "label": "Standard Offer Capacity Agreement", "score": 22.1606445312, "published": true}, {"hash": "5rI3pNeWJ17", "uri": "https://www.nj.gov/bpu/pdf/energy/NRG%20Supplemental%20Reply%20Comments.pdf", "label": "www.nj.gov", "score": 5.5804243088, "published": false}], "snippet": "means (i) a Letter of Credit, substantially in the form of Attachment D, to be provided to the Utility or (ii) Cash held in escrow for the Utility under a Cash Escrow Agreement, substantially in the form of Attachment E to be mutually agreed between the Utility and Generator, in support of the Generator\u2019s obligations during the Delivery Term in an amount defined in Section 2.3.3.", "size": 3, "hash": "517efb9b16352bdba8f901866ebc3763", "id": 8}, {"snippet_links": [{"key": "irrevocable-standby-letter-of-credit", "type": "clause", "offset": [9, 45]}, {"key": "held-in-escrow", "type": "clause", "offset": [84, 98]}, {"key": "by-the-utility", "type": "clause", "offset": [99, 113]}, {"key": "the-generator", "type": "clause", "offset": [128, 141]}, {"key": "delivery-term", "type": "clause", "offset": [167, 180]}, {"key": "defined-in-section", "type": "clause", "offset": [194, 212]}], "samples": [{"hash": "iyh0XbOEL1b", "uri": "https://www.nj.gov/bpu/pdf/energy/CPVreply.pdf", "label": "Standard Offer Capacity Agreement", "score": 9.5749483109, "published": false}, {"hash": "HN26GDYqBL", "uri": "https://www.nj.gov/bpu/pdf/energy/NRGreply.pdf", "label": "www.nj.gov", "score": 5.5749487877, "published": false}], "snippet": "means an irrevocable standby letter of credit to be provided to the Utility or cash held in escrow by the Utility in support of the Generator\u2019s obligations during the Delivery Term in an amount defined in Section 2.3.3.", "size": 3, "hash": "d026209862792dfb068af1de8140149e", "id": 9}, {"snippet_links": [], "samples": [{"hash": "gpBjYw8evrB", "uri": "/contracts/gpBjYw8evrB#delivery-term-security", "label": "Geothermal Portfolio Project Participation Share Agreement", "score": 27.3134841919, "published": true}, {"hash": "fv081laaCKy", "uri": "/contracts/fv081laaCKy#delivery-term-security", "label": "Geothermal Portfolio Project Participation Share Agreement", "score": 25.2737846375, "published": true}], "snippet": "has the meaning set forth in Section 5.9(b) of the PPA.", "size": 2, "hash": "943f066d632f11eb435cb5b8a21b4baa", "id": 10}], "next_curs": "CmMSXWoVc35sYXdpbnNpZGVyY29udHJhY3Rzcj8LEhpEZWZpbml0aW9uU25pcHBldEdyb3VwX3Y1NiIfZGVsaXZlcnktdGVybS1zZWN1cml0eSMwMDAwMDAwYQyiAQJlbhgAIAA=", "definition": {"snippet": "means the Performance Assurance that Seller is required to maintain, as specified in Article Eight, to secure performance of its obligations during the Delivery Term.", "size": 253, "title": "Delivery Term Security", "id": "delivery-term-security", "examples": ["After Seller posts the <strong>Delivery Term Security</strong>, Buyer shall transfer (as described in the preceding sentence) on or before each Interest Payment Date the Interest Amount due to Seller for such <strong>Delivery Term Security</strong>.", "The Project Development Security (or portion thereof) due to Seller shall be returned to Seller within five (5) Business Days of Buyer\u2019s receipt and acceptance of the <strong>Delivery Term Security</strong> unless, with Buyer\u2019s consent, Seller elects to apply the Project Development Security posted pursuant to Section 10.4(a)(i) toward the <strong>Delivery Term Security</strong> posted pursuant to Section 10.4(a)(ii).", "Buyer shall return the unused portion of <strong>Delivery Term Security</strong>, including the payment of any Interest Amount due thereon pursuant to Section 10.4(d) above, to Seller promptly after the following has occurred: (i) the Term has ended, or subject to Section 7.2, an Early Termination Date has occurred, as applicable; and (ii) all payment obligations of the Seller arising under this Agreement, including the Termination Payment, indemnification payments or other damages are paid in full.", "The required amount of <strong>Delivery Term Security</strong> shall be proportionally and automatically adjusted in connection with any resizing of the Project under Section 3.9(d), and Buyer shall promptly return to Seller the unused portion of <strong>Delivery Term Security</strong> in connection with any such adjustment.", "Upon Seller\u2019s posting of the <strong>Delivery Term Security</strong>, all accrued interest on the unused portion of Project Development Security shall be transferred from Buyer to Seller in the form of cash by wire transfer to the bank account specified under \u201cWire Transfer\u201d in the Cover Sheet (Notices List).", "The Project Development Security (or portion thereof) due to Seller shall be returned to Seller within five (5) Business Days of Seller\u2019s provision of the <strong>Delivery Term Security</strong>, as applicable unless, with Buyer\u2019s consent, Seller elects to apply the Project Development Security posted pursuant to Section 8.4(a)(i) toward the <strong>Delivery Term Security</strong> posted pursuant to Section 8.4(a)(ii), as applicable.", "Buyer shall pay interest on cash held as Project Development Security or <strong>Delivery Term Security</strong>, as applicable, at the Interest Rate; provided that, such interest shall be retained by Buyer until Seller posts the <strong>Delivery Term Security</strong> pursuant to Section 8.4(a)(ii).", "Within thirty days of the delivery of the Project Development Security or <strong>Delivery Term Security</strong>, as applicable, Seller agrees to take such action as Buyer reasonably requires in order to perfect a first-priority security interest in, and lien on (and right of setoff against), such Performance Assurance and any and all proceeds resulting therefrom or from the liquidation thereof.", "If Seller provides Performance Assurance in the form of cash, Buyer shall pay interest on such cash held as CPUC Approval Security, Development Period Security, Construction Period Security, or <strong>Delivery Term Security</strong>, as applicable, at the Interest Rate.", "Within thirty days of the delivery of the Project Development Security or <strong>Delivery Term Security</strong>, as applicable, Seller agrees to take such action as Buyer reasonably requires in order to perfect a first- priority security interest in, and lien on (and right of setoff against), such Performance Assurance and any and all proceeds resulting therefrom or from the liquidation thereof."], "related": [["delivery-terms", "Delivery Terms", "Delivery Terms"], ["delivery-term", "Delivery Term", "Delivery Term"], ["conditional-sale-agreement", "conditional sale agreement", "conditional sale agreement"], ["video-lottery-terminal-sales-agent", "Video lottery terminal sales agent", "Video lottery terminal sales agent"], ["delivery-location", "Delivery Location", "Delivery Location"]], "related_snippets": [], "updated": "2026-02-25T05:25:33+00:00"}, "json": true, "cursor": ""}}