Common use of Buyer’s Re-Sale of Product Clause in Contracts

Buyer’s Re-Sale of Product. Buyer may re-sell all or a portion of the Product and any associated rights, in each case, acquired under this Agreement. In the event Buyer re-sells all or a portion of the Product and any associated rights acquired under this Agreement for any RA Delivery Period (“Resold Product”), Seller agrees, and agrees to cause the Generating Unit’s SC, to follow Buyer’s instructions and the Tariff with respect to providing such Resold Product to subsequent purchasers of such Resold Product. Seller further agrees, and agrees to cause the Generating Unit’s SC, to take all commercially reasonable actions and execute any and all documents or instruments reasonably necessary to allow such subsequent purchasers to use such Resold Product. Seller acknowledges and agrees that with respect to any Resold Product, if Buyer incurs any liability to any purchaser of such Resold Product due to the failure of Seller or the Generating Unit’s SC to comply with the terms of this Agreement, and Seller would have had liability to Buyer under this Agreement for such failure had Buyer not sold the Resold Product to a subsequent purchaser, then Seller shall be liable to Buyer under this Agreement, including without limitation, pursuant to Section 12.04, for the amounts it would have been liable to Buyer for had such Resold Product not been sold to a subsequent purchaser.

Appears in 2 contracts

Samples: Resource Adequacy Purchase Agreement, Resource Adequacy Purchase Agreement

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Buyer’s Re-Sale of Product. Buyer may re-sell all or a portion of the Product and any associated rights, in each case, acquired under this Agreement. In the event Buyer re-sells all or a portion of the Product and any associated rights acquired under this Agreement for any RA Delivery Period (“Resold Product”), Seller agrees, and agrees to cause the Generating Storage Unit’s SC, to follow Buyer’s instructions and the Tariff with respect to providing such Resold Product to subsequent purchasers of such Resold Product. Seller further agrees, and agrees to cause the Generating Storage Unit’s SC, to take all commercially reasonable actions and execute any and all documents or instruments reasonably necessary to allow such subsequent purchasers to use such Resold Product. Seller acknowledges and agrees that with respect to any Resold Product, if Buyer incurs any liability to any purchaser of such Resold Product due to the failure of Seller or the Generating Storage Unit’s SC to comply with the terms of this Agreement, and Seller would have had liability to Buyer under this Agreement for such failure had Buyer not sold the Resold Product to a subsequent purchaser, then Seller shall be liable to Buyer under this Agreement, including without limitation, pursuant to Section 12.04, for the amounts it would have been liable to Buyer for had such Resold Product not been sold to a subsequent purchaser.

Appears in 2 contracts

Samples: Resource Adequacy Purchase Agreement, Resource Adequacy Purchase Agreement

Buyer’s Re-Sale of Product. Buyer may re-sell all or a portion of the Product and any associated rights, in each case, acquired under this Agreement. In the event Buyer re-sells all or a portion of the Product and any associated rights acquired under this Agreement for any RA Delivery Period (“Resold Product”), ) Seller agrees, and agrees to cause the Generating Unit’s SC, to follow Buyer’s instructions and the Tariff with respect to providing such Resold Product to subsequent purchasers of such Resold Product. Seller further agrees, and agrees to cause the Generating Unit’s SC, to take all commercially reasonable actions and execute any and all documents or instruments reasonably necessary to allow such subsequent purchasers to use such Resold Product. Seller acknowledges and agrees that with respect to any Resold Product, if Buyer incurs any liability to any purchaser of such Resold Product due to the failure of Seller or the Generating Unit’s SC to comply with the terms of this Agreement, and Seller would have had liability to Buyer under this Agreement for such failure had Buyer not sold the Resold Product to a subsequent purchaser, then Seller shall be liable to Buyer under this Agreement, including without limitation, pursuant to Section 12.049.04, for the amounts it would have been liable to Buyer for had such Resold Product not been sold to a subsequent purchaser.

Appears in 1 contract

Samples: Resource Adequacy Purchase Agreement

Buyer’s Re-Sale of Product. Buyer may re-sell all or a portion of the Product and any associated rights, in each case, acquired under this Agreement. In the event Buyer re-sells all or a portion of the Product and any associated rights acquired under this Agreement for any RA Delivery Period (“Resold Product”), Seller agrees, and agrees to cause the Generating UnitProject’s SC, to follow Buyer’s instructions and the Tariff with respect to providing such Resold Product to subsequent purchasers of such Resold Product. Seller further agrees, and agrees to cause the Generating UnitProject’s SC, to take all commercially reasonable actions and execute any and all documents or instruments reasonably necessary to allow such subsequent purchasers to use such Resold Product. Seller acknowledges and agrees that with respect to any Resold Product, if Buyer incurs any liability to any purchaser of such Resold Product due to the failure of Seller or the Generating UnitProject’s SC to comply with the terms of this Agreement, and Seller would have had liability to Buyer under this Agreement for such failure had Buyer not sold the Resold Product to a subsequent purchaser, then Seller shall be liable to Buyer under this Agreement, including without limitation, pursuant to Section 12.04, for the amounts it would have been liable to Buyer for had such Resold Product not been sold to a subsequent purchaser.

Appears in 1 contract

Samples: Resource Adequacy Purchase Agreement

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Buyer’s Re-Sale of Product. (a) Buyer may re-sell all or a portion of the Product and any associated rights, in each case, acquired purchased under this Agreement. In the event Buyer re-sells all or a portion of the Product and any associated rights acquired under this Agreement for any RA Delivery Period Confirmation (“Resold Product”); provided that such re-sell right does not include the ability to offer any portion of Product into the CSP. If Buyer re-sells Product, Seller agrees, and agrees to cause the Generating Unit’s SCScheduling Coordinator, to follow Buyer’s instructions and the Tariff with respect to providing such Resold Product to subsequent purchasers of such Resold ProductProduct to the extent such instructions are consistent with Seller’s obligations under this Confirmation. Seller further agrees, and agrees to cause the Generating Unit’s SCScheduling Coordinator, to take all commercially reasonable actions and execute any and all documents or instruments reasonably necessary to allow such subsequent purchasers to use such Resold ProductProduct in a manner consistent with Buyer’s rights under this Confirmation. Seller acknowledges and agrees that with respect to any Resold Product, if If Buyer incurs any liability to any subsequent purchaser of such Resold Product due to the failure of Seller or the Generating Unit’s SC Scheduling Coordinator to comply with the terms of this Agreement, and Seller would have had liability to Buyer under this Agreement for such failure had Buyer not sold the Resold Product to a subsequent purchaserConfirmation, then Seller shall be liable to Buyer for any liabilities Seller would have incurred under this AgreementConfirmation if Buyer had not resold the Product, including without limitation, pursuant to Section 12.04Sections 2.3 and 2.4. (b) If Buyer exercises its right to re-sell the Product, for Buyer shall notify Seller in writing that such sale has occurred by providing to Seller the amounts it would have been liable to Buyer for had such Resold Product not been sold to a subsequent purchaser.information described in Appendix C (“Re-sale Plan”). The Re-sale Plan shall be provided no later than three

Appears in 1 contract

Samples: Power Purchase and Sale Agreement

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