Common use of Implications Clause in Contracts

Implications. If any Change in Law occurs that has a material adverse effect on the cost to Seller of performing its obligations under this Agreement, then the Parties shall, within 30 days following receipt by Customer from Seller of notice of such Change in Law, meet and attempt in good faith to negotiate amendments to this Agreement as are reasonably necessary to preserve the economic value of this Agreement to both Parties. If the Parties are unable to agree upon such amendments within such 30-day period, then Seller, at its sole discretion, shall have the right thereafter to terminate this Agreement without further liability to either Party except with respect to payment of amounts accrued prior to termination.

Appears in 5 contracts

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

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