Common use of Notice of Payment of Termination Payment Clause in Contracts

Notice of Payment of Termination Payment. As soon as practicable after a liquidation, Notice shall be given by the Non-Defaulting Party to the Defaulting Party of the amount of the Termination Payment and whether the Termination Payment is due to the Non-Defaulting Party. The Notice shall include a written statement explaining in reasonable detail the calculation of such amount and the sources for such calculation. The Termination Payment shall be made to the Non-Defaulting Party, as applicable, within ten (10) Business Days after such Notice is effective.

Appears in 46 contracts

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

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Notice of Payment of Termination Payment. As soon as practicable after a liquidation, Notice shall be given by the Non-Defaulting Party to the Defaulting Party of the amount of the Termination Payment and whether the Termination Payment is due to the Non-Non- Defaulting Party. The Notice shall include a written statement explaining in reasonable detail the calculation of such amount and the sources for such calculation. The Termination Payment shall be made to the Non-Defaulting Party, as applicable, within ten (10) Business Days after such Notice is effective.

Appears in 19 contracts

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

Notice of Payment of Termination Payment. As soon as practicable after a liquidationTerminated Transaction, Notice shall be given by the Non-Defaulting Party to the Defaulting Party of the amount of the Termination Payment and whether the Termination Payment is due to the Non-Defaulting Party. The Notice shall include a written statement explaining in reasonable detail the calculation of such amount and the sources for such calculation. The Termination Payment shall be made to the Non-Defaulting Party, as applicable, within ten (10) Business Days after such Notice is effective.

Appears in 15 contracts

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

Notice of Payment of Termination Payment. As soon as practicable after a liquidation, Notice shall be given by the Non-Defaulting Party to the Defaulting Party of the amount of the Termination Payment and whether the Termination Payment is due to the Non-Defaulting Party. The Notice shall include a written statement explaining in reasonable detail the calculation of such amount and the sources for such calculation. The Termination Payment shall be made to the Non-Defaulting Party, as if applicable, within ten (10) Business Days after such Notice is effective.

Appears in 5 contracts

Samples: Consent and Agreement, Consent and Agreement, Consent and Agreement

Notice of Payment of Termination Payment. As soon as practicable after a liquidation, Notice notice shall be given by the Non-Defaulting Party to the Defaulting Party of the amount of the Termination Payment and whether the Termination Payment is due to the Non-Defaulting Party. The Notice notice shall include a written statement explaining in reasonable detail the calculation of such amount and the sources for such calculation. The Termination Payment shall be made to the Non-Defaulting Party, as applicable, within ten two (102) Business Days after such Notice notice is effective.

Appears in 5 contracts

Samples: Master Power Purchase and Sale Agreement, Master Power Purchase and Sale Agreement, Power Purchase and Sale Agreement

Notice of Payment of Termination Payment. As soon as practicable after a liquidation, Notice notice shall be given by the Non-Defaulting Party to the Defaulting Party of the amount of the Termination Payment and whether the Termination Payment is due to or due from the Non-Defaulting Party. The Notice notice shall include a written statement explaining in reasonable detail the calculation of such amount and the sources for such calculationamount. The Termination Payment shall be made to by the Non-Defaulting Party, as applicable, Party that owes it within ten two (102) Business Days after such Notice notice is effective.

Appears in 4 contracts

Samples: Memorandum of Agreement (Cypress Semiconductor Corp /De/), Resource Adequacy Agreement, Master Power Purchase and Sale Agreement (NRG Energy, Inc.)

Notice of Payment of Termination Payment. As soon as practicable after a liquidationTerminated Transaction, Notice shall be given by the Non-Defaulting Party to the Defaulting Party of the amount of the Termination Payment and whether the Termination Payment is due to the Non-Non- Defaulting Party. The Notice shall include a written statement explaining in reasonable detail the calculation of such amount and the sources for such calculation. The Termination Payment shall be made to the Non-Defaulting Party, as applicable, within ten (10) Business Days after such Notice is effective.effective.‌

Appears in 3 contracts

Samples: Consent and Agreement, Consent and Agreement, Consent and Agreement

Notice of Payment of Termination Payment. As soon as practicable after a liquidation, Notice notice shall be given by the Non-Defaulting Party to the Defaulting Party of the amount of the Termination Payment and whether the Termination Payment is due to the Non-Defaulting Party. The Notice notice shall include a written statement explaining in reasonable detail the calculation of such amount and the sources for such calculation. The Termination Payment shall be made to the Non-Defaulting Party, as applicable, within ten (10) Business Days after such Notice notice is effective.

Appears in 3 contracts

Samples: Power Purchase and Sale Agreement, Power Purchase and Sale Agreement, Power Purchase and Sale Agreement

Notice of Payment of Termination Payment. (A) As soon as practicable after a liquidation, Notice notice shall be given by the Non-Non- Defaulting Party to the Defaulting Party of the amount of the Termination Payment and whether the Termination Payment is due to or due from the Non-Defaulting Party. The Notice notice shall include a written statement explaining in reasonable detail the calculation of such amount and the sources for such calculationamount. The Termination Payment shall be made to by the Non-Defaulting Party, as applicable, Party that owes it within ten two (102) Business Days after such Notice notice is effective.

Appears in 1 contract

Samples: 2019 Power and Gas Master Agreement

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Notice of Payment of Termination Payment. As soon as practicable after a liquidation, Notice notice shall be given by the Non-Defaulting Party to the Defaulting Party of the amount of the Termination Payment and whether the Termination Payment is due to the Non-Non- Defaulting Party. The Notice shall include a written statement explaining in reasonable detail the calculation of such amount and the sources for such calculation. The Termination Payment shall be made to the Non-Defaulting Party, as applicable, within ten (10) Business Days after such Notice is effective.

Appears in 1 contract

Samples: Power Purchase and Sale Agreement

Notice of Payment of Termination Payment. As soon as practicable after a liquidationTerminated Transaction, Notice shall be given by the Non-Defaulting Party to the Defaulting Party of the amount of the Termination Payment and whether the Termination Payment is due to the Non-Defaulting Party. The Notice shall include a written statement explaining in reasonable detail the calculation of such amount and the sources for such calculation. The Subject to Section 5.5, the Termination Payment shall be made to the Non-Defaulting Party, as applicable, within ten thirty (1030) Business Days after such Notice is effective.

Appears in 1 contract

Samples: Power Purchase Agreement

Notice of Payment of Termination Payment. As soon as practicable ---------------------------------------- after a liquidation, Notice notice shall be given by the Non-Defaulting Party to the Defaulting Party of the Original Sheet No. 27 amount of the Termination Payment and whether the Termination Payment is due to or due from the Non-Defaulting Party. The Notice notice shall include a written statement explaining in reasonable detail the calculation of such amount and the sources for such calculationamount. The Termination Payment shall be made to by the Non-Defaulting Party, as applicable, Party that owes it within ten two (102) Business Days after such Notice notice is effective.

Appears in 1 contract

Samples: Master Power Purchase and Sale Agreement (Pg&e Corp)

Notice of Payment of Termination Payment. As soon as practicable after a liquidation, Notice shall be given by the Non-Defaulting Non‑Defaulting Party to the Defaulting Party of the amount of the Termination Payment and whether the Termination Payment is due to the Non-Defaulting Party. The Notice shall include a written statement explaining in reasonable detail the calculation of such amount and the sources for such calculation. The Termination Payment shall be made to the Non-Defaulting Non‑Defaulting Party, as if applicable, within ten (10) Business Days after such Notice is effective.

Appears in 1 contract

Samples: Consent and Agreement

Notice of Payment of Termination Payment. As soon as practicable after terminating a liquidationTransaction, Notice shall be given by the Non-Defaulting Party to the Defaulting Party of the amount of the Termination Payment and whether the Termination Payment is due to the Non-Defaulting Party. The Notice shall include a written statement explaining in reasonable detail the calculation of such amount and the sources for such calculation. The Termination Payment shall be made to the Non-Defaulting Party, as applicable, within ten (10) Business Days after such Notice is effective.

Appears in 1 contract

Samples: Power Purchase Agreement

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