Duke Energy Ohio definition
Examples of Duke Energy Ohio in a sentence
Duke Energy Ohio may reject such Guarantors that do not meet the creditworthiness requirements.
The Guarantor may not assign this Guaranty nor delegate its duties or rights hereunder without the prior express written consent of Duke Energy Ohio.
The Guarantor and Duke Energy Ohio, through acceptance of this Guaranty, waive all rights to trial by jury in any action, proceeding or counterclaim arising or relating to this Guaranty.
The Guarantor may terminate this Guaranty upon thirty (30) days prior written notice to Duke Energy Ohio, which termination shall be effective only upon receipt by Duke Energy Ohio of alternative means of security or credit support, as specified in the Agreement and in a form reasonably acceptable to Duke Energy Ohio.
Duke Energy Ohio may assign this Guaranty in accordance with the terms of the Agreement.
The Guarantor and Duke Energy Ohio hereby agree that this Guaranty shall be governed by and construed in accordance with the internal laws of the State of Ohio without giving effect to principles of conflicts of law.
Duke Energy Ohio will pay simple interest calculated at the lower of the Interest Rate or 6% per annum on all cash held by Duke Energy Ohio pursuant to this Agreement.
Duke Energy Ohio may, at its own expense, retain counsel and participate in the defense of any such suit or action.
Duke Energy Ohio shall perform its credit re-evaluation and associated security calculation in a non-discriminatory manner.
Under (a)(ii) and (a)(iii) above, Duke Energy Ohio shall be relieved of its obligations upon the assignment and assumption of the assignee, except for those obligations which have arisen prior to the date of assignment.