Suspension of Delivery. In addition to any other rights or remedies available to a Party ("Non-Defaulting Party"), should a Party ("Defaulting Party") default on any payment that is due under the Agreement, or should it or its Credit Support Provider fail to provide, replace or increase the amount of any Performance Assurance required pursuant to the Agreement or any Credit Support Document, the Non-Defaulting Party shall be entitled, no earlier than three (3) Business Days after sending a written notice to the Defaulting Party to immediately cease further Deliveries of Certificates (and be released (and not merely suspended) from its underlying Delivery obligations) under all Individual Contracts until such time as the Non-Defaulting Party has received either the required collateral or full payment (including all applicable default interest and expenses) of all outstanding amounts owed to the Non- Defaulting Party.
Appears in 4 contracts
Samples: www.efet.org, www.efet.org, efet.org
Suspension of Delivery. In addition to any other rights or remedies available to a Party ("the “Non-Defaulting Party"”), should a Party ("the “Defaulting Party"”) default on any payment that is due under the Agreement, or should it or its Credit Support Provider fail to provide, replace or increase the amount of any Performance Assurance required pursuant to the Agreement or any Credit Support Document, the Non-Defaulting Party shall be entitled, no earlier than three (3) Business Days after sending a written notice to the Defaulting Party to immediately cease further Deliveries deliveries of Certificates electricity (and be released (and not merely suspended) from its underlying Delivery delivery obligations) under all Individual Contracts until such time as the Non-Defaulting Party Party, has received either the required collateral or full payment (including all applicable default interest and expenses) of all outstanding amounts owed to the Non- Non-Defaulting Party.
Appears in 2 contracts
Samples: General Agreement, General Agreement
Suspension of Delivery. In addition to any other rights or remedies available to a Party (the "Non-Non- Defaulting Party"), should a Party (the "Defaulting Party") default on any payment that is due under the AgreementContract, or should it or its Credit Support Provider fail to provide, replace or increase the amount of any Performance Assurance required pursuant to the Agreement Contract or any Credit Support Document, the Non-Defaulting Party shall be entitled, no earlier than three (3) Business Days after sending a written notice to the Defaulting Party to immediately cease further Deliveries deliveries of Certificates electricity (and be released (and not merely suspended) from its underlying Delivery delivery obligations) under all Individual Contracts until such time as the Non-Defaulting Party Party, has received either the required collateral or full payment (including all applicable default interest and expenses) of all outstanding amounts owed to the Non- Non-Defaulting Party. Suspension of deliveries, or release of further delivery obligations, by the Seller may only be done with the prior approval of the ERE.
Appears in 2 contracts
Samples: mail.ere.gov.al, www.ere.gov.al
Suspension of Delivery. In addition to any other rights or remedies available to a Party (the "Non-Defaulting Party"), should a Party (the "Defaulting Party") default on any payment that is due under the Agreement, or should it or its Credit Support Provider fail to provide, replace or increase the amount of any Performance Assurance required pursuant to the Agreement or any Credit Support Document, the Non-Defaulting Party shall be entitled, no earlier than three (3) Business Days after sending a written notice to the Defaulting Party to immediately cease further Deliveries of EECS Certificates (and be released (and not merely suspended) from its underlying Delivery obligations) under all Individual Contracts until such time as the Non-Defaulting Party Party, has received either the required collateral or full payment (including all applicable default interest and expenses) of all outstanding amounts owed to the Non- Non-Defaulting Party.
Appears in 2 contracts
Samples: Master Agreement, recs.org
Suspension of Delivery. In addition to any other rights or remedies available to a Party (the "Non-Defaulting Party"), should a Party (the "Defaulting Party") default on any payment that is due under the Agreement, or should it or its Credit Support Provider fail to provide, replace or increase the amount of any Performance Assurance required pursuant to the Agreement or any Credit Support Document, the Non-Defaulting Party shall be entitled, no earlier than three (3) Business Days after sending a written notice to the Defaulting Party to immediately cease further Deliveries of EECS Certificates (and be released (and not merely suspended) from its underlying Delivery obligations) under all Individual Contracts until such time as the Non-Defaulting Party Party, has received either the required collateral or full payment (including all applicable default interest and expenses) of all outstanding amounts owed to the Non- Defaulting Party.
Appears in 1 contract
Samples: www.efet.org
Suspension of Delivery. In addition to any other rights or remedies available to a Party (the "Non-Defaulting Party"), should a Party (the "Defaulting Party") default on any payment that is due under the Agreement, or should it or its Credit Support Provider credit support provider fail to provide, replace or increase the amount of any Performance Assurance required pursuant to the Agreement or any Credit Support Document, the Non-Defaulting Party shall be entitled, no earlier than three (3) Business Days after sending a written notice to the Defaulting Party to immediately cease further Deliveries deliveries of Certificates electricity (and be released (and not merely suspended) from its underlying Delivery delivery obligations) under and all Individual Contracts until such time as the Non-Defaulting Party Party, has received either the required collateral or full payment (including all applicable default interest and expenses) of all outstanding amounts owed to the Non- Non-Defaulting Party.
Appears in 1 contract
Samples: General Agreement
Suspension of Delivery. In addition to any other rights or remedies available to a Party (the "Non-Defaulting PartyParty "), should a Party (the "Defaulting PartyParty ") default on any payment that is due under the Agreement, or should it or its Credit Support Provider fail to provide, replace or increase the amount of any Performance Assurance required pursuant to the Agreement or any Credit Support Document, the Non-Defaulting Party shall be entitled, no earlier than three (3) Business Days after sending a written notice to the Defaulting Party to immediately cease further Deliveries of EECS Certificates (and be released (and not merely suspended) from its underlying Delivery obligations) under all Individual Contracts until such time as the Non-Defaulting Party Party, has received either the required collateral or full payment (including all applicable default interest and expenses) of all outstanding amounts owed to the Non- Non-Defaulting Party.
Appears in 1 contract
Samples: recs.org
Suspension of Delivery. In addition to any other rights or remedies available to a Party (the "Non-Defaulting Party"), should a Party (the "Defaulting Party") default on any payment that is due under the AgreementContract, or should it or its Credit Support Provider fail to provide, replace or increase the amount of any Performance Assurance required pursuant to the Agreement Contract or any Credit Support Document, the Non-Defaulting Party shall be entitled, no earlier than three (3) Business Days after sending a written notice to the Defaulting Party to immediately cease further Deliveries deliveries of Certificates electricity (and be released (and not merely suspended) from its underlying Delivery delivery obligations) under all Individual Contracts until such time as the Non-Defaulting Party Party, has received either the required collateral or full payment (including all applicable default interest and expenses) of all outstanding amounts owed to the Non- Non-Defaulting Party. Suspension of deliveries, or release of further delivery obligations, by the Seller may only be done with the prior approval of the ERE.
Appears in 1 contract
Samples: www.ere.gov.al
Suspension of Delivery. In addition to any other rights or remedies available to a Party (the "Non-Defaulting Party"), should a Party (the "Defaulting Party") default on any payment that is due under the Agreement, or should it or its Credit Support Provider fail to provide, replace or increase the amount of any Performance Assurance required pursuant to the Agreement or any Credit Support Document, the Non-Defaulting Party shall be entitled, no earlier than three (3) Business Days after sending a written notice to the Defaulting Party to immediately cease further Deliveries deliveries of Certificates electricity (and be released (and not merely suspended) from its underlying Delivery delivery obligations) under all Individual Contracts until such time as the Non-Defaulting Party Party, has received either the required collateral or full payment (including all applicable default interest and expenses) of all outstanding amounts owed to the Non- Non-Defaulting Party.
Appears in 1 contract
Samples: www.ere.gov.al