Examples of Seller Event of Default in a sentence
In addition, to the extent that a Seller Event of Default causes a suspension of Seller’s performance, Seller shall be responsible for providing replacement Capacity and Energy equal to the Contract Capacity and the Delivered Energy required pursuant to this Agreement at its sole cost.
Upon termination of this Agreement due to a Seller Event of Default, Buyer shall have the right to draw upon or make a claim on Seller Security for any undisputed amounts owed to Buyer under this Agreement.
For avoidance of doubt, NamPower shall not assume any liability for termination of this Agreement as a result of a Force Majeure Event, Change in Law, Government Action, or a Seller Event of Default.
The Seller shall, to the extent that it has knowledge of the same, promptly notify NamPower in writing of the occurrence of any Seller Event of Default.
In addition and notwithstanding anything herein to the contrary contained herein, in the event of a Seller Event of Default, Seller shall be responsible for all of costs related to decommissioning and/or removal of the Project and any costs related to disconnecting the Project from the Connecting Transmission Owner’s Electrical System.