Common use of Notice of Termination Payment Clause in Contracts

Notice of Termination Payment. As soon as practicable after calculation of a Termination Payment, 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 shall include a written statement explaining in reasonable detail the calculation of such amount. Subject to Section 5.4(b) above, the Termination Payment shall be made by the Party that owes it within three (3) Business Days after such notice is effective.

Appears in 39 contracts

Samples: Supplier Master Agreement, Supplier Master Agreement, Master Agreement

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Notice of Termination Payment. As soon as practicable after calculation of a the Termination Payment, notice shall must 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 shall include a written statement explaining in reasonable detail the calculation of such amount. Subject to Section 5.4(b) above5.3(e), the Termination Payment shall must be made by the Party that owes it within three (3) Business Days after such notice is effectivereceived by the Defaulting Party.

Appears in 29 contracts

Samples: Master Standard Service, Master Sso Supply Agreement, Master Sso Supply Agreement

Notice of Termination Payment. As soon as practicable after calculation of a the Termination Payment, notice shall must 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 shall include a written statement explaining in reasonable detail the calculation of such amount. Subject to Section 5.4(b) above7.3(e), the Termination Payment shall must be made by the Party that owes it within three (3) Business Days after such notice is effectivereceived by the Defaulting Party.

Appears in 26 contracts

Samples: Master Pipp Supply Agreement, Master Sso Supply Agreement, Master Pipp Supply Agreement

Notice of Termination Payment. As soon as practicable after calculation of a Termination Paymentliquidation, 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 shall include a written statement explaining in reasonable detail the calculation of such amount. Subject to Section 5.4(b) above, the The Termination Payment shall be made by the Party that owes it within three five (35) Business Days after such notice is effective.

Appears in 19 contracts

Samples: Service Agreement, Service Agreement, Service Agreement

Notice of Termination Payment. As soon as practicable after calculation of a an Early Termination PaymentDate is declared, notice shall be given by the Non-Defaulting Party shall provide written notice 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 shall include a written statement explaining in reasonable detail the calculation of such amount. Subject to Section 5.4(b) above, The owing Party shall make the Termination Payment shall be made by the Party that owes it within three five (35) Business Days after such notice is effective.

Appears in 14 contracts

Samples: Requirements Service Agreement, Default Supply Master Agreement, Default Supply Master Agreement

Notice of Termination Payment. As soon as practicable after calculation of a Termination Payment, 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 shall include a written statement explaining in reasonable detail the calculation of such amount. Subject to Section Article 5.4(b) above, the Termination Payment shall be made by the Party that owes it within three (3) Business Days after such notice is effective.

Appears in 9 contracts

Samples: Master Agreement, Default Supplier Master Agreement, Supplier Master Agreement

Notice of Termination Payment. As soon as practicable after calculation of a Termination Paymenttermination, notice shall be given by the Nonnon-Defaulting Party to the Defaulting defaulting Party of the amount of the Termination Payment and whether the Termination Payment is due to or due from the Nonnon-Defaulting defaulting Party. The notice shall include a written statement explaining in reasonable detail the calculation of such amount. Subject to Section 5.4(b) above, the The Termination Payment shall be made by the Party that owes it within three five (35) Business Days after such notice is effective.

Appears in 6 contracts

Samples: Capacity and Associated Energy Purchase and Sale Agreement, Purchase and Sale Agreement, Capacity and Associated Energy Purchase and Sale Agreement

Notice of Termination Payment. As soon as practicable after calculation of a an Early Termination PaymentDate, 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 shall include a written statement explaining in reasonable detail the calculation of such amount. Subject to Section 5.4(b) above, the Termination Payment shall be made by the Party that owes it within three (3) Business Days after such notice is effective.three

Appears in 3 contracts

Samples: Default Service Supplier Master Agreement, Master Agreement, Default Service Supplier Master Agreement

Notice of Termination Payment. As soon as practicable after calculation of a Termination Paymenttermination, notice shall be given by the Non-Defaulting Party to the Defaulting non- defaulting Party of the amount of the Termination Payment and whether the Termination Payment is due to or due from the Nonnon-Defaulting defaulting Party. The notice shall include a written statement explaining in reasonable detail the calculation of such amount. Subject to Section 5.4(b) above, the The Termination Payment shall be made by the Party that owes it within three five (35) Business Days after such notice is effective.

Appears in 1 contract

Samples: Solar Energy Purchase and Sale Agreement

Notice of Termination Payment. As soon as practicable after calculation of a Termination Payment, 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 shall include a written statement explaining in reasonable detail the calculation of such such‌‌ amount. Subject to Section 5.4(b) above, the Termination Payment shall be made by the Party that owes it within three (3) Business Days after such notice is effective.

Appears in 1 contract

Samples: Master Agreement

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Notice of Termination Payment. As soon as practicable after calculation notice of a Termination Paymenttermination, 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 Defaulting Party to the Non-Defaulting Party, if any. The notice shall include a written statement explaining in reasonable detail the calculation of such amountamount and the sources for such calculation. Subject to Section 5.4(b) above, the The Termination Payment shall be made by to the Non-Defaulting Party that owes it within three fifteen (315) Business Days calendar days after such termination payment notice is effective.

Appears in 1 contract

Samples: Consent and Agreement

Notice of Termination Payment. As soon as practicable after calculation of a Termination Payment, notice shall must 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 shall will include a written statement explaining in reasonable detail the calculation of such amount. Subject to Section 5.4(b) above), the Termination Payment shall must be made by the Party that owes it within three (3) Business Days after such notice is effectivereceived by the Defaulting Party.

Appears in 1 contract

Samples: Master Sso Supply Agreement (Jersey Central Power & Light Co)

Notice of Termination Payment. As soon as practicable after calculation of a Termination Payment, 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 shall include a written statement explaining in reasonable detail the calculation of such amount. Subject to Section 5.4(b) above, the Termination Payment shall be made by the Party that owes it within three (3) Business Days after such notice is effective.effective.‌‌

Appears in 1 contract

Samples: Master Agreement

Notice of Termination Payment. As soon as practicable after calculation delivery of a Termination Paymentnotice of termination, notice shall be given by the Nonnon-Defaulting defaulting Party to the Defaulting defaulting Party of the amount of the Termination Payment and whether the Termination Payment is due to or due from the Nondefaulting Party to the non-Defaulting defaulting Party, if any. The notice shall include a written statement explaining in reasonable detail the calculation of such amountamount and the sources for such calculation. Subject to Section 5.4(b) above, the The Termination Payment shall be made by to the Party that owes it within three non-defaulting Party, as applicable, thirty (330) Business Days days after such notice is effective.

Appears in 1 contract

Samples: Power Purchase Agreement

Notice of Termination Payment. As soon as practicable after calculation of a Termination Paymenttermination, notice shall be given by the Nonnon-Defaulting Party to the Defaulting defaulting Party of the amount of the Termination Payment and whether the Termination Payment is due to or due from the Non-Defaulting PartyPayment. The notice shall include a written statement explaining in reasonable detail the calculation of such amount. Subject to Section 5.4(b) aboveThe Termination Payment, the Termination Payment if any, shall be made by the defaulting Party that owes it within three five (35) Business Days after such notice is effective.

Appears in 1 contract

Samples: www.maine.gov

Notice of Termination Payment. As soon as practicable after calculation of a Termination Paymenttermination, notice shall be given by the Nonnon-Defaulting Party to the Defaulting defaulting Party of the amount of the Termination Payment and whether the Termination Payment is due to or due from the Non-Defaulting defaulting Party. The notice shall include a written statement explaining in reasonable detail the calculation of such amount. Subject to Section 5.4(b) above, the The Termination Payment shall be made by the defaulting Party that owes it within three five (35) Business Days after such notice is effective.

Appears in 1 contract

Samples: Biomass Generated Energy Purchase and Sale Agreement

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