Common use of Suspension of Performance Clause in Contracts

Suspension of Performance. If either Party fails to make a timely payment and such failure is not remedied within two Business Days after such Party receives written notice of default, the nondefaulting Party, in addition to other remedies, may suspend the Scheduling of Gas until such amount, including interest, is paid; provided, if the defaulting Party, in good faith, shall dispute the amount of any such billing or part thereof and shall pay such amounts as it concedes to be correct, no suspension shall be permitted.

Appears in 16 contracts

Samples: Sale Agreement, Sale Agreement, Sale Agreement

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Suspension of Performance. If either Party fails to make a timely payment and such failure is not remedied within two Business Days after such Party receives written notice of default, the nondefaulting Party, in addition to other remedies, may suspend the Scheduling of Gas until such amount, including interest, is paid; provided, if the defaulting Party, in good faith, shall dispute the amount of any such billing or part thereof and shall pay such amounts as it concedes to be correct, together with supporting documentation acceptable in industry practice to support the amount paid or disputed, no suspension shall be permitted.

Appears in 1 contract

Samples: Master Firm Purchase

Suspension of Performance. If either Party fails to make a timely payment and such failure is not remedied within two three (3) Business Days after such Party receives written notice of default, the nondefaulting Party, in addition to other remedies, may suspend the Scheduling of Gas until such amount, including interest, is paid; provided, if the defaulting Party, in good faith, shall dispute the amount of any such billing or part thereof and shall pay such amounts as it concedes to be correct, together with supporting documentation acceptable in industry practice to support the amount paid or disputed, no suspension shall be permitted.

Appears in 1 contract

Samples: Master Firm Purchase/Sale Agreement

Suspension of Performance. If either Party fails to make a timely payment and such failure is not remedied within two Business Days after such Party receives written notice of default, the nondefaulting Party, in addition to other remedies, may suspend the Scheduling of Gas until such amount, including interest, is paid; provided, if the defaulting Party, in good faith, faith shall dispute the amount of any such billing or part thereof and shall pay such amounts as it concedes to be correct, no suspension shall be permitted.

Appears in 1 contract

Samples: Sale Agreement (Newpower Holdings Inc)

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Suspension of Performance. If either Party fails to make a timely payment and ------------------------- such failure is not remedied within two Business Days after such Party receives written notice of default, the nondefaulting Party, in addition to other remedies, may suspend the Scheduling of Gas until such amount, including interest, is paid; provided, if the defaulting Party, in good faith, shall dispute the amount of any such billing or part thereof and shall pay such amounts as it concedes to be correct, no suspension shall be permitted.

Appears in 1 contract

Samples: Agreement (Boston Gas Co)

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