Common use of Absolute and Unconditional Obligation Clause in Contracts

Absolute and Unconditional Obligation. The related Customer Agreement is by its terms an absolute and unconditional obligation of the Customer to pay for electricity generated and delivered or will be generated and delivered by the related System to such Customer after the related System has received permission to operate from the local utility in writing or in such other form as is customarily given by such local utility (“PTO”), and such payment obligations under the related Customer Agreement do not provide for offset for any reason.

Appears in 2 contracts

Samples: Loan Agreement (Vivint Solar, Inc.), Loan Agreement (Vivint Solar, Inc.)

AutoNDA by SimpleDocs

Absolute and Unconditional Obligation. The related Customer Agreement is by its terms an absolute and unconditional obligation of the Customer to pay for electricity generated and delivered delivered, or that will be generated and delivered delivered, by the related System to such Customer after the PTO Date for such related System has received permission to operate from the local utility in writing or in such other form as is customarily given by such local utility (“PTO”)been achieved, and such payment obligations under the related Customer Agreement do not provide for offset for any reason.

Appears in 1 contract

Samples: Loan Agreement (Vivint Solar, Inc.)

Absolute and Unconditional Obligation. The related Customer Agreement is by its terms an absolute and unconditional obligation of the Host Customer to pay for electricity generated and delivered or will be generated and delivered by the related System to such Host Customer after the related System has received permission to operate from the local utility in writing or in such other form as is customarily given by such local utility (“PTO”), and such payment obligations under the related Customer Agreement do not provide for offset for any reason.

Appears in 1 contract

Samples: Loan Agreement (Vivint Solar, Inc.)

Absolute and Unconditional Obligation. The related Customer Agreement is by its terms an absolute and unconditional obligation of the Host Customer to pay for electricity generated and delivered delivered, or that will be generated and delivered delivered, by the related System to such Host Customer after the related System has received permission to operate from the local utility in writing or in such other form as is customarily given by such local utility (“PTO”), and such payment obligations under the related Customer Agreement do not provide for offset for any reason.

Appears in 1 contract

Samples: Accession Agreement (Vivint Solar, Inc.)

AutoNDA by SimpleDocs

Absolute and Unconditional Obligation. The related Customer Agreement is by its terms an absolute and unconditional obligation of the Customer Generation Consumer to pay for electricity generated and delivered delivered, or that will be generated and delivered delivered, by the related Generation System to such Customer Generation Consumer after the related Generation System has received permission to operate from the local utility in writing or in such other form as is customarily given by such local utility ("PTO"), and such payment obligations under the related Customer Agreement do not provide for offset for any reason.

Appears in 1 contract

Samples: Financing Agreement (Vivint Solar, Inc.)

Time is Money Join Law Insider Premium to draft better contracts faster.