Indexed REC-45: When does the Post-Bid Letter of Credit expire?

A Seller with a Project with an approved Bid must meet the creditworthiness requirements under the Indexed REC Contract within eight (8) business days of the Commission decision on the results of the procurement event through the “Term” of the Indexed REC Contract, as defined in the Indexed REC Contract.

At the conclusion of the Term of the Indexed REC Contract upon completion of the final delivery obligations and payment obligations under the Indexed REC Contract, Seller may request for the return of Seller’s Performance Assurance.