SECURITY FOR PAYMENTS
p. p. 40
SECURITY FOR PAYMENTS NS Power shall invoice PHP weekly, and PHP shall pay the billed amount net 7 days. As security for payment, PHP shall provide NS Power a letter of credit from time to time. The form, amount, and issuer of the letter o...
AI summary NS Power requires PHP to pay weekly invoices net 7 days and provide a letter of credit as security. PHP is responsible for any additional costs or lag time caused by the letter of credit, not NS Power or its customers.