Common use of Buyer’s Obligation to Take Service Clause in Contracts

Buyer’s Obligation to Take Service. With respect to a Transaction, Buyer shall accept Full Requirements Service as provided by Seller pursuant to Section 2.1 (Seller’s Obligation to Provide Service), and shall pay Seller on the applicable Monthly Settlement Date for such Full Requirements Service in accordance with Section 7.3 (Payments of the Invoice) either (i) for non-Spot Energy Transactions, the Monthly Settlement Amount, or (ii) for Spot Energy Transactions, the Monthly Spot Energy Settlement Amount.

Appears in 3 contracts

Samples: Default Service Program Supply Master Agreement, Default Service Program Supply Master Agreement, Default Service Program Supply Master Agreement

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Buyer’s Obligation to Take Service. With respect to a Transaction, Buyer shall accept Full Requirements Service as provided by Seller pursuant to Section 2.1 (Seller’s Obligation to Provide Service), and shall pay Seller on the applicable Monthly Settlement Date for such Full Requirements Service the Monthly Settlement Amount in accordance with Section 7.3 (Payments of the Invoice) either (i) for non-Spot Energy Transactions, the Monthly Settlement Amount, or (ii) for Spot Energy Transactions, the Monthly Spot Energy Settlement Amount.

Appears in 1 contract

Samples: Master Agreement

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