Common use of Net Out of Settlement Amounts Clause in Contracts

Net Out of Settlement Amounts. (a) The Non-In the Event of Default with respect to Buyer as the “Defaulting Party will aggregate all Settlement Amounts into a single amount by netting out (a) all amounts that are due to the Defaulting Party for Product that has been Delivered and not yet paid for, plus, at the option of ”, the Non-Defaulting Party, any cash, security or otherfollowing shall occur:

Appears in 3 contracts

Samples: Renewable Energy Credit Agreement, Renewable Energy Credit Agreement, Renewable Energy Credit Agreement

AutoNDA by SimpleDocs

Net Out of Settlement Amounts. (a) The Non-In the Event of Default with respect to Buyer as the “Defaulting Party will aggregate all Settlement Amounts into a single amount by netting out (a) all amounts that are due to the Defaulting Party for Product that has been Delivered and not yet paid for, plus, at the option of ”, the Non-Non- Defaulting Party, any cash, security or otherfollowing shall occur:

Appears in 1 contract

Samples: Renewable Energy Credit Agreement

AutoNDA by SimpleDocs
Time is Money Join Law Insider Premium to draft better contracts faster.