No, the Collateral Requirement under each REC Contract is separate from the bid assurance collateral. The Collateral Requirement due under a REC Contract is calculated as $4 x Annual Quantity of such REC contract (rounded up to the nearest $10,000). This is subject to a minimum of $25,000 for the first 10 Delivery Years. After the first 10 Delivery Years during the Delivery Term, if the Collateral Requirement is equal to or less than $25,000, then the Collateral Requirement shall be deemed to be zero.