Buyer’s Rights and Remedies. If at any time a default or Event of Default with respect to Seller has occurred or if an early termination date in respect of this Agreement has occurred or been designated as a result of an Event of Default with respect to Seller, then, and in addition to the other rights and remedies set forth in the Agreement, Buyer may exercise one or more of the following rights and remedies: (i) all rights and remedies available to a secured party under Applicable Law with respect to Credit Support in the form of Cash held by Buyer; (ii) any rights and remedies available to Buyer under the terms of any Letter of Credit provided for its benefit, if any; and (iii) the right to set off any present or future amounts payable by Seller under this Agreement against any Credit Support held by Buyer (or any obligation of Buyer to transfer that Credit Support to Seller).
Appears in 7 contracts
Samples: Storage Capacity Agreement, Storage Capacity Agreement, Storage Capacity Agreement
