REPG definition
Examples of REPG in a sentence
Should the net proceeds from the IPO exceed $1,400,000,000, 50% of the net proceeds above such amount shall be applied to prepay indebtedness owing from REPG to REI outstanding as of December 31, 2000 in respect of the indebtedness of Reliant Energy FinanceCo III LP, including accrued and unpaid interest on the amount so prepaid to the date of prepayment (the amount thereof to be so prepaid, assuming exercise in full of any underwriters' overallotment option, being called the "Specified Indebtedness").
In the event of any dispute as to all or any portion of any monthly invoice, the disputing Company shall give notice of the dispute to REPG and shall nevertheless pay the full amount of the charges not subject to the dispute when due.
Each Company hereby expressly waives any right such Company may otherwise have to claim, collect or receive Damages, to enforce specific performance or to pursue any other remedy available in contract, at law or in equity in the event of any non-performance, inadequate performance, faulty performance or other failure or breach by REPG under or relating to this Agreement, except in the case of fraud or intentional tort by REPG.
Unless otherwise expressly specified in this Agreement, REPG shall have sole discretion as to the means, methods and techniques to be used in the provision of Services.
In the event REPG, on behalf of any Company, pays any Taxes or fees that are the responsibility of that Company under this Agreement, the amount so paid shall be added to the next monthly invoice submitted by REPG to that Company under this Section 6, and that Company shall pay such amount in accordance with this Section 6.
If REPG provides to at least one but not all Companies a Termination for Default Notice in respect of all Services to that Company or those Companies, this Agreement shall, on the corresponding Termination for Default Date, terminate in its entirety in respect of the specified Company or Companies but continue in full force and effect with respect to all Services to all other Companies that were being provided by REPG to those Companies prior to the corresponding Termination for Default Date.
In each month commencing with the second month of the Term and continuing until the month following the end of the Term, REPG shall submit to each Company, on or before the tenth Business Day of the month, an invoice as described in Section 6.2. Subject to Sections 4.2 and 6.4 and in accordance with Section 6.6, each Company shall pay such invoice within 20 days of its receipt of such invoice.
Upon the occurrence and during the continuation of any Event of Default, each Party not in default but affected by the Event of Default (for the avoidance of doubt, no Company shall be entitled to deliver a Notice of Intent to Terminate unless there exists an Event of Default by REPG) shall have the right to deliver to the defaulting Party or Parties a notice of intent to terminate this Agreement with respect to any or all Services ("Notice of Intent to Terminate").
Notwithstanding anything in this Agreement to the contrary, termination pursuant to Section 5 or Section 8.3 shall be each Company's sole remedy and REPG's sole liability for default (whether or not an Event of Default) by REPG, except in the case of fraud or intentional tort by REPG.
REPG shall give all due and prompt consideration to any such dispute and shall advise the disputing Company with regard to REPG's position relative thereto no later than 30 days following receipt of notice of the dispute.