Common use of Downtime Events Clause in Contracts

Downtime Events. If (i) there has been a Downtime Event and (ii) such Downtime Event caused the Downtime Duration for any facility on an Individual System during any such calendar quarter to extend for the duration shown on Exhibit B, then the applicable Individual First Phase Fee shall be reduced as set forth in Exhibit B for such duration. To the extent that, as a result of a Downtime Event, Producer exercises its right to a temporary release pursuant to Section 2.4(b), Producer shall be entitled to both such release and the reduction of the applicable Individual First Phase Fee pursuant to this Section 6.2(c).