Common use of Indemnifiable Losses Clause in Contracts

Indemnifiable Losses. 13.3.1 Where an indemnified Party is entitled to indemnifiable losses from the indemnifying Party pursuant to Article13.1.1b, the indemnified Party shall promptly notify the Indemnifying Party of the indemnifiable losses actually incurred by the indemnified Party. The indemnifiable losses shall be reimbursed by the indemnifying Party within thirty (30) Days of receipt of the notice seeking indemnifiable losses by the indemnified Party. In case of non-payment of such losses after a valid notice under this Article, such event shall constitute a payment default under ARTICLE 12:.

Appears in 2 contracts

Samples: Power Purchase Agreement, Power Purchase Agreement

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Indemnifiable Losses. 13.3.1 Where an indemnified Party is entitled to indemnifiable losses from the indemnifying Party pursuant to Article13.1.1bArticle 13.1.1b, the indemnified Party shall promptly notify the Indemnifying Party of the indemnifiable losses actually incurred by the indemnified Party. The indemnifiable losses shall be reimbursed by the indemnifying Party within thirty (30) Days of receipt of the notice seeking indemnifiable losses by the indemnified Party. In case of non-payment of such losses after a valid notice under this Article, such event shall constitute a payment default under ARTICLE 12:.

Appears in 1 contract

Samples: Power Purchase Agreement

Indemnifiable Losses. 13.3.1 12.3.1 Where an indemnified Party is entitled to indemnifiable losses from the indemnifying Party pursuant to Article13.1.1bArticle 12.1.1b, the indemnified Party shall promptly notify the Indemnifying Party of the indemnifiable losses actually incurred by the indemnified Party. The indemnifiable losses shall be reimbursed by the indemnifying Party within thirty (30) Days of receipt of the notice seeking indemnifiable losses by the indemnified Party. In case of non-payment of such losses after a valid notice under this Article, such event shall constitute a payment default under ARTICLE 1211:.

Appears in 1 contract

Samples: Power Purchase Agreement

Indemnifiable Losses. 13.3.1 1.63.1 Where an indemnified Party is entitled to indemnifiable losses from the indemnifying Party pursuant to Article13.1.1bArticle 1.61.1(ii), the indemnified Party shall promptly notify the Indemnifying Party of the indemnifiable losses actually incurred by the indemnified Party. The indemnifiable losses shall be reimbursed by the indemnifying Party within thirty (30) Days of receipt of the notice seeking indemnifiable losses by the indemnified Party. In case of non-payment of such losses after a valid notice under this Article, such event shall constitute a payment default under ARTICLE 12:Article 1.55 and 1.56.

Appears in 1 contract

Samples: Power Purchase Agreement

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Indemnifiable Losses. 13.3.1 Where an indemnified Indemnified Party is entitled to indemnifiable losses Indemnifiable Losses from the indemnifying Indemnifying Party pursuant to Article13.1.1b, the indemnified Indemnified Party shall promptly notify the Indemnifying Party of the indemnifiable losses Indemnifiable Losses actually incurred by the indemnified Indemnified Party. The indemnifiable losses Indemnifiable Losses shall be reimbursed by the indemnifying Indemnifying Party within thirty (30) Days days of receipt of the notice seeking indemnifiable losses Indemnifiable Losses by the indemnified Indemnified Party. In case of non-payment nonpayment of such losses after a valid notice under this ArticleArticle 14.3, such event shall constitute a payment default under ARTICLE 12:Article 13.

Appears in 1 contract

Samples: Power Purchase Agreement

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