Common use of Decline in Tangible Net Worth Clause in Contracts

Decline in Tangible Net Worth. If this § 27.2 is specified as applying in Section B of Part I (Individual Terms), as soon as it becomes aware of such decline, each Party shall promptly notify the other Party of the occurrence of a decline in its Tangible Net Worth or the Tangible Net Worth of its Credit Support Provider or Controlling Party, to a level below the amount specified in Section B of Part I (Individual Terms).

Appears in 9 contracts

Samples: Power Purchase Agreement, Power Purchase Agreement, Power Purchase Agreement

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Decline in Tangible Net Worth. If this § 27.2 is specified as applying in Section B of Part I (Individual Terms), as soon as it becomes aware of such decline, each Party shall promptly notify the other Party of the occurrence of a decline in its Tangible Net Worth or the Tangible Net Worth of its Credit Support Provider or Controlling Party, to a level below the amount specified in Section B of Part I (Individual Terms). 2.

Appears in 1 contract

Samples: efet.org

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