Exercise of Remedies in an Event of Default. During the continuance of an Event of Default by either Party hereunder, the non-defaulting Party shall have the right (i) to accelerate all amounts owing between Parties, (ii) to cease making payments that are or may become due hereunder, (iii) to terminate this Agreement at any time during the continuation of such Event of Default, and (iv) to draw upon any Credit Support provided for in Article 5.
Appears in 2 contracts
Samples: Capacity and Associated Energy Purchase and Sale Agreement, Capacity and Associated Energy Purchase and Sale Agreement
Exercise of Remedies in an Event of Default. During the continuance of an Event event of Default default by either Party hereunder, the non-defaulting Party shall have the right to (i) to accelerate all amounts currently accrued and owing between Parties, ; (ii) to cease making payments that are or may become due hereunder, ; and (iii) to terminate this Agreement at any time during the continuation of such Event event of Default, and (iv) to draw upon any Credit Support provided for in Article 5default.
Appears in 2 contracts
Samples: Distributed Generation Standard Agreement, Distributed Generation Standard Agreement
Exercise of Remedies in an Event of Default. During the continuance of an Event of Default by either Party hereunder, the non-non- defaulting Party shall have the right (i) to accelerate all amounts owing between the Parties, (ii) to cease making payments that are or may become due hereunder, (iii) to terminate this Agreement at any time during the continuation of such Event of Default, and (iv) to draw upon any Credit Support provided for in Article 5.
Appears in 1 contract
Exercise of Remedies in an Event of Default. During the continuance of an Event of Default by either Party hereunder, the non-defaulting Party shall have the right (i) to accelerate all amounts owing between Parties, (ii) to cease making payments that are or may become due hereunder, and (iii) to terminate this Agreement at any time during the continuation of such Event of Default, and (iv) to draw upon any Credit Support provided for in Article 5.
Appears in 1 contract
Samples: Biomass Generated Energy Purchase and Sale Agreement
Exercise of Remedies in an Event of Default. During the continuance of an Event of Default by either Party hereunder, the non-defaulting Party shall have the right right: (i) to accelerate all amounts owing between Parties, (ii) to cease making payments that are or may become due hereunder, (iii) to terminate this Agreement at any time during the continuation of such Event of Default, and (iv) to draw upon any Credit Support provided for in Article 56.
Appears in 1 contract
Samples: www.maine.gov
