Common use of Remedies for Payment Default Clause in Contracts

Remedies for Payment Default. If a Payment Default occurs, the Non-Defaulting Party may suspend performance of its obligations under this Agreement; however, if Seller is the Non-Defaulting Party, it agrees not to disconnect the System and suspend delivery of Energy to Customer when school and/or summer school, or other educational programs are in session. Further, the Non- Defaulting Party may (A) at any time during the continuation of the Default Event, terminate this Agreement upon five days prior written notice to the Defaulting Party, and (B) pursue any remedy under this Agreement, at law or in equity, including an action for damages.

Appears in 5 contracts

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

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