Common use of Amounts Due Clause in Contracts

Amounts Due. In the event of a termination of this Agreement, all outstanding amounts due from Buyer under Article IV, up through and including the date of termination, will become due and payable to Seller. The fee for any terminated Service will be prorated for the number of days of Service received in the calendar month (based on a thirty (30)-day month) in which the Service is terminated.

Appears in 3 contracts

Samples: Asset Purchase Agreement (Atmos Energy Corp), Asset Purchase Agreement (Algonquin Power & Utilities Corp.), Asset Purchase Agreement

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Amounts Due. In the event of a termination of this Agreement, all outstanding amounts due from Buyer the Company under Article IVSection 3.1, up through and including the date of termination, will become due and payable to Sellerthe Seller or its Affiliates, as applicable. The fee for any terminated Service will be prorated for the number of days of Service received in the calendar month (based on a thirty (30)-day month) in which the Service is terminated.

Appears in 2 contracts

Samples: Stock Purchase Agreement (Algonquin Power & Utilities Corp.), Stock Purchase Agreement (Algonquin Power & Utilities Corp.)

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Amounts Due. In the event of a termination of this Agreement, all outstanding amounts due from the Buyer under Article IVSection 3.1, up through and including the date of termination, will become due and payable to the Seller, or its respective Affiliates, as applicable. The fee for any terminated Service will be prorated for the number of days of Service received in the calendar month (based on a thirty (30)-day month) in which the Service is terminated.

Appears in 1 contract

Samples: Membership Interest and Stock Purchase Agreement (Transcanada Corp)

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