Common use of Notice of Termination Payment Clause in Contracts

Notice of Termination Payment. As soon as practicable after an Early Termination Date is declared, the Non-Defaulting Party shall provide Notice to the Defaulting Party of the Termination Payment. The Notice must include a written statement setting forth, in reasonable detail, the calculation of such Termination Payment, together with appropriate supporting documentation. If CHGE is the Non-Defaulting Party and reasonably expects to incur penalties, fines or costs from the NYISO, the NYSPSC, or any other Governmental or Regulatory Authority, then CHGE may estimate the amount of those penalties and fines and include them in the Termination Payment amount. The Defaulting Party shall pay the Termination Payment to the Non-Defaulting Party within five (5) Business Days after the Notice is provided.

Notice of Termination Payment. As soon as practicable after an Early Termination Date is declared, the Non-Defaulting Party shall provide Notice to the Defaulting Party of the Termination Payment. Payment.‌ The Notice must include a written statement setting forth, in reasonable detail, the calculation of such Termination Payment, together with appropriate supporting documentation. If CHGE CECONY is the Non-Defaulting Party and reasonably expects to incur penalties, fines or costs from the NYISO, the NYSPSCNYPSC, or any other Governmental or Regulatory Authority, then CHGE CECONY may estimate the amount of those penalties and fines and include them in the Termination Payment amount. The Defaulting Party shall pay the Termination Payment to the Non-Defaulting Party within five (5) Business Days after the Notice is provided.

Notice of Termination Payment. As soon as practicable after an Early a Default Termination Date is declared, the Non-Defaulting Party shall provide Notice to the Defaulting Party of the Termination Payment. The Notice must include a written statement setting forth, in reasonable detail, the calculation of such Termination Payment, together with appropriate supporting documentation. If CHGE CECONY is the Non-Defaulting Party and reasonably expects to incur penalties, fines or costs from the NYISO, the NYSPSCNYPSC, or any other Governmental or Regulatory Authority, then CHGE CECONY may estimate the amount of those penalties and fines and include them in the Termination Payment amount. The Defaulting Party shall pay the Termination Payment to the Non-Defaulting Party within five (5) Business Days after the Notice is provided.

Notice of Termination Payment. As soon as practicable after an Early Termination Date is declared, the Non-Defaulting Party shall provide Notice to the Defaulting Party of the Termination Payment. The Notice must include a written statement setting forth, in reasonable detail, the calculation of such Termination Payment, together with appropriate supporting documentation. If CHGE NYSEG is the Non-Defaulting Party and reasonably expects to incur penalties, fines or costs from the NYISO, the NYSPSC, or any other Governmental or Regulatory Authority, then CHGE NYSEG may estimate the amount of those penalties and fines and include them in the Termination Payment amount. The Defaulting Party shall pay the Termination Payment to the Non-Defaulting Party within five (5) Business Days after the Notice is provided.

Notice of Termination Payment. As soon as practicable after an Early Termination Date is declared, the Non-Defaulting Party shall provide Notice to the Defaulting Party of the Termination Payment. The Notice must include a written statement setting forth, in reasonable detail, the calculation of such Termination Payment, together with appropriate supporting documentation. If CHGE NYSEG is the Non-Defaulting Party and reasonably expects to incur penalties, fines or costs from the NYISO, the NYSPSCNYPSC, or any other Governmental or Regulatory Authority, then CHGE NYSEG may estimate the amount of those penalties and fines and include them in the Termination Payment amount. The Defaulting Party shall pay the Termination Payment to the Non-Defaulting Party within five (5) Business Days after the Notice is provided.