Common use of Termination for Event of Default Clause in Contracts

Termination for Event of Default. Upon an Event of Default by Company, in addition to its rights under Section 12.3(B) above, Seller may terminate this PPA immediately upon notice to Company, without penalty or further obligation to Company, and in connection therewith, collect from Company all Actual Damages arising from such Event of Default through the Scheduled Termination Date.

Appears in 4 contracts

Sources: Solar Energy Purchase Agreement, Power Purchase Agreement, Energy Purchase Agreement

Termination for Event of Default. Upon and at any time following an Event of Default by CompanySeller under this Section 12.1, in addition to its rights under Section 12.3(B12.1(B) above, Seller Company may terminate this PPA immediately upon notice to CompanySeller, without penalty or further obligation to CompanySeller. In connection with any such termination, and in connection therewith, Company may collect from Company Seller (subject to the Damage Cap) all Actual Damages arising from such Event of Default through the Scheduled Termination Date.

Appears in 4 contracts

Sources: Solar Energy Purchase Agreement, Energy Purchase Agreement, Energy Purchase Agreement

Termination for Event of Default. Upon and at any time following an Event of Default by CompanySeller under this Section 12.1, in addition to its rights under Section 12.3(B12.1(B) above, Seller Company may terminate this PPA immediately upon notice to CompanySeller, without penalty or further obligation to Company. In connection with any such termination, and in connection therewith, Company may collect from Company Seller all damages (whether or not Actual Damages Damages) arising from such Event of Default through the Scheduled Termination Date.

Appears in 1 contract

Sources: Power Purchase Agreement

Termination for Event of Default. Upon an Event of Default by Company, in addition to its rights under Section 12.3(B) above, Seller may terminate this PPA immediately upon notice to Company, without penalty or further obligation to Company, and in connection therewith, collect from Company all Actual Damages arising from such Event of Default through the Scheduled Termination Date...

Appears in 1 contract

Sources: Power Purchase Agreement