Common use of 1Beneficiary Party Clause in Contracts

1Beneficiary Party. (a)Both of the Parties are the beneficiaries of the Conditions Precedent set forth in Section [_______], and in order for a waiver of non-satisfaction of such Conditions Precedent to be effective, both of the Parties must waive (in their sole discretion) non-satisfaction by the deadline date therefor.

Appears in 5 contracts

Samples: Power Purchase Tolling Agreement, System Power Purchase Tolling Agreement, Energy Storage System Power Purchase Tolling Agreement

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1Beneficiary Party. (a)Both of the Parties are the beneficiaries of the Conditions Precedent set forth in Section [_______]2.4.2, and in order for a waiver of non-satisfaction of such Conditions Precedent to be effective, both of the Parties must waive (exercisable in their sole discretion) non-satisfaction by the deadline date therefor.

Appears in 4 contracts

Samples: Storage Power Purchase Agreement, Energy Storage Power Purchase Agreement, Energy Storage Power Purchase Agreement

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