Common use of Failure to Deliver Certificates Clause in Contracts

Failure to Deliver Certificates. To the extent that the Seller fails to deliver a quantity of Certificates in accordance with § 10 (Primary Obligations for Delivery and Acceptance of Certificates) during a Delivery Period, and such failure is not remedied by the Seller within three (3) Business Days of the last day of the relevant Delivery Period and is not excused by an event of Force Majeure or the Buyer's non-performance, subject to § 13.2 (Replacement Certificates), the Seller shall pay the Buyer as compensation for damages an amount for such quantity of Undelivered Certificates equal to the product of:

Appears in 8 contracts

Samples: Power Purchase Agreement, Power Purchase Agreement, Power Purchase Agreement

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Failure to Deliver Certificates. To the extent that the Seller fails to deliver a quantity of Certificates in accordance with § 10 (Primary Obligations for Delivery and Acceptance of Certificates) during a Delivery Period, and such failure is not remedied by the Seller within three (3) Business Days of the last day of the relevant Delivery Period and is not excused by an event of Force Majeure or the Buyer's non-non- performance, subject to § 13.2 (Replacement Certificates), the Seller shall pay the Buyer as compensation for damages an amount for such quantity of Undelivered Certificates equal to the product of:

Appears in 2 contracts

Samples: cms.energytraderseurope.org, Individual Power Purchase Agreement

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