Common use of Calling on Security Clause in Contracts

Calling on Security. One or more of the Companies may call upon the Security Instrument posted by the BGS-FP Supplier if the BGS-FP Supplier fails to pay amounts due to such Company or Companies pursuant to this Agreement or any other agreement(s) between such Company or Companies and the BGS-FP Supplier for the provision of BGS Supply after all of the following events occur: (i) Written Notice of Default is provided to the BGS-FP Supplier; and (ii) Any applicable cure period ends. The foregoing notwithstanding, the Security Instrument posted by the BGS-FP Supplier shall become due automatically, and may be called upon by one or more of the Companies, without prior notice or right of cure in the case of any Event of Default arising under Section 5.1 (i), (ii), (iii), (iv), (v), (vi), (vii), (viii) or (ix).

Appears in 4 contracts

Sources: Supplier Forward Contract (Dynegy Inc /Il/), Supplier Forward Contract, Supplier Forward Contract (Dynegy Inc /Il/)

Calling on Security. One or more of the Companies may call upon the Security Instrument posted by the BGS-FP LFP Supplier if the BGS-FP LFP Supplier fails to pay amounts due to such Company or Companies pursuant to this Agreement or any other agreement(s) between such Company or Companies and the BGS-FP LFP Supplier for the provision of BGS Supply after all of the following events occur: (i) Written Notice of Default is provided to the BGS-FP LFP Supplier; and (ii) Any applicable cure period ends. The foregoing notwithstanding, the Security Instrument posted by the BGS-FP LFP Supplier shall become due automatically, and may be called upon by one or more of the Companies, without prior notice or right of cure in the case of any Event of Default arising under Section 5.1 (i), (ii), (iii), (iv), (v), (vi), (vii), (viii) or (ix).

Appears in 2 contracts

Sources: Supplier Forward Contract, Supplier Forward Contract

Calling on Security. One or more of the Companies may call upon the Security Instrument posted by the BGS-FP LRTP Supplier if the BGS-FP LRTP Supplier fails to pay amounts due to such Company or Companies pursuant to this Agreement or any other agreement(s) between such Company or Companies and the BGS-FP LRTP Supplier for the provision of BGS Supply after all of the following events occur: (i) Written Notice of Default is provided to the BGS-FP Supplier; LRTP Supplier;β€Œ and (ii) Any applicable cure period ends. The foregoing notwithstanding, the Security Instrument posted by the BGS-FP LRTP Supplier shall become due automatically, and may be called upon by one or more of the Companies, without prior notice or right of cure in the case of any Event of Default arising under Section 5.1 (i), (ii), (iii), (iv), (v), (vi), (vii), (viii) or (ix).

Appears in 1 contract

Sources: Supplier Forward Contract

Calling on Security. One or more of the Companies may call upon the Security Instrument posted by the BGS-FP LRTP Supplier if the BGS-FP LRTP Supplier fails to pay amounts due to such Company or Companies pursuant to this Agreement or any other agreement(s) between such Company or Companies and the BGS-FP LRTP Supplier for the provision of BGS Supply after all of the following events occur: (i) Written Notice of Default is provided to the BGS-FP LRTP Supplier; and (ii) Any applicable cure period ends. The foregoing notwithstanding, the Security Instrument posted by the BGS-FP LRTP Supplier shall become due automatically, and may be called upon by one or more of the Companies, without prior notice or right of cure in the case of any Event of Default arising under Section 5.1 (i), (ii), (iii), (iv), (v), (vi), (vii), (viii) or (ix).

Appears in 1 contract

Sources: Supplier Forward Contract

Calling on Security. One or more of the Companies CompaniesThe Company may call upon the Security Instrument posted by the BGS-FP Supplier if the BGS-FP Supplier fails to pay amounts due to such suchthe Company or Companies pursuant to this Agreement or any other agreement(s) between such suchthe Company or Companies and the BGS-FP Supplier for the provision of BGS Supply after all of the following events occur: (i) Written Notice of Default is provided to the BGS-FP Supplier; and (ii) Any applicable cure period ends. The foregoing notwithstanding, the Security Instrument posted by the BGS-FP Supplier shall become due automatically, and may be called upon by one or more of the CompaniesCompaniesCompany, without prior notice or right of cure in the case of any Event of Default arising under Section 5.1 (i), (ii), (iii), (iv), (v), (vi), (vii), (viiiviiiviiii) or (ix).

Appears in 1 contract

Sources: BGS Fp Supplier Forward Contract