Common use of Stranded Costs Clause in Contracts

Stranded Costs. Notwithstanding any other provision in this Agreement to the contrary, in performance of this Agreement Seller shall not be required to bear, directly or indirectly, any charges or costs (including, without limitation, any transmission surcharges, taxes, etc.) incurred by Buyer or any customer or supplier of Buyer or any other person, or that are assessed or levied by any person against Seller, Buyer or any other person, in order to recoup the expenses and liabilities associated with stranded investments, and Buyer shall bear or otherwise provide for any and all such charges.

Appears in 1 contract

Sources: Energy Purchase and Sale Agreement

Stranded Costs. Notwithstanding any other provision in this Agreement to the contrary, in performance of this Agreement Seller shall not be required to bear, directly or indirectly, any charges or costs (including, without limitation, any transmission surcharges, taxes, etc.) incurred by Buyer or any customer or supplier of Buyer or any other person, or that are assessed or levied by any person against Seller, Buyer or any other person, in order to recoup the expenses and liabilities associated with stranded investments, and Buyer shall bear or otherwise provide reimburse Seller for its expenses associated with any and all such charges.

Appears in 1 contract

Sources: Power Purchase and Sale Agreement