Common use of Obligations to Pay Charges and Perform Clause in Contracts

Obligations to Pay Charges and Perform. If a disagreement arises on any matter which is not resolved as provided in Section 11.1 above, then, pending the resolution of the disagreement by arbitration, Seller shall continue to perform its obligations hereunder including its obligations to operate the Units in a manner consistent with the applicable provisions of this Agreement and Buyer shall continue to pay all charges and perform all other obligations required in accordance with the applicable provisions of this Agreement. In addition, notwithstanding the provisions of Section 13.3, neither Party shall be entitled to terminate this Agreement for default (other than defaults pursuant to Sections 13.1.1 or 13.2.1) by the other Party if the alleged default is the subject of an arbitration pursuant to Section 11, pending the outcome of such arbitration.

Appears in 2 contracts

Samples: Power Sales Agreement (Aquila Inc), Power Sales Agreement (Aquila Inc)

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Obligations to Pay Charges and Perform. If a disagreement arises on -------------------------------------- any matter which is not resolved as provided in Section 11.1 above, then, pending the resolution of the disagreement by arbitration, Seller shall continue to perform its obligations hereunder including its obligations to operate the Units in a manner consistent with the applicable provisions of this Agreement and Buyer shall continue to pay all charges and perform all other obligations required in accordance with the applicable provisions of this Agreement. In addition, notwithstanding the provisions of Section 13.3, neither Party shall be entitled to terminate this Agreement for default (other than defaults pursuant to Sections 13.1.1 or 13.2.1) by the other Party if the alleged default is the subject of an arbitration pursuant to Section 11, pending the outcome of such arbitration.

Appears in 1 contract

Samples: Power Sales Agreement (Dominion Resources Inc /Va/)

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Obligations to Pay Charges and Perform. If a disagreement arises -------------------------------------- on any matter which is not resolved as provided in Section 11.1 above, then, pending the resolution of the disagreement by arbitration, Seller shall continue to perform its obligations hereunder including its obligations to operate the Units in a manner consistent with the applicable provisions of this Agreement and Buyer shall continue to pay all charges and perform all other obligations required in accordance with the applicable provisions of this Agreement. In addition, notwithstanding the provisions of Section 13.3, neither Party shall be entitled to terminate this Agreement for default (other than defaults pursuant to Sections 13.1.1 or 13.2.1) by the other Party if the alleged default is the subject of an arbitration pursuant to Section 11, pending the outcome of such arbitration.

Appears in 1 contract

Samples: Power Sales Agreement (Dominion Resources Inc /Va/)

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