LIP-66: Can the Pre-Bid Letter of Credit be drawn upon if a Seller does not sign the REC Contract after its Project is selected by the evaluation and is approved by the Commission?

Paragraph 2 of the Pre-Bid Letter of Credit provides all of the conditions under which the Pre-Bid Letter of Credit will be drawn upon.  These conditions include as item c): ““Seller has failed to execute the applicable supplier contract for a Project within three (3) business days of being notified that the Illinois Commerce Commission has approved the bid for that Project or has failed to meet the creditworthiness requirements of the applicable supplier contract within thirty (30) business days of such Illinois Commerce Commission decision”.