Common use of Alternative Determination Methodology Clause in Contracts

Alternative Determination Methodology. If the District does not elect to obtain or does not receive any bids or indicative quotations pursuant to the procedures set forth in clause (b) above, or if Purchaser is the Calculation Agent pursuant to subsection (a) above, the Slice Termination Payment shall be determined by the District or the Purchaser, using commercially reasonable procedures in order to produce a commercially reasonable result utilizing the base methodology outlined in Appendix A to the Collateral Annex.

Appears in 6 contracts

Samples: www.chelanpud.org, www.chelanpud.org, www.chelanpud.org

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