Common use of Continuation of Performance Clause in Contracts

Continuation of Performance. Pending the final decision of the arbitrators in respect of any bona fide controversy, claim or dispute and provided the said arbitration was initiated in good faith, the Parties agree to diligently proceed with the performance of all obligations, including the payment of all sums and the performance of all duties required by this Agreement. Payment of any interest shall be as determined by the arbitrators subject to the provisions of this Agreement.

Appears in 2 contracts

Samples: Mw System Power Sale Agreement, 100 Mw System Power Sale Agreement

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Continuation of Performance. Pending the final decision of the arbitrators in respect of any bona fide controversy, claim or dispute and provided the said arbitration was initiated in good faitharbitrators, the Parties agree to will diligently proceed with the performance of all obligations, including the payment of all sums and the performance of all duties sums, required by this Agreement. Payment of any interest shall be as determined by the arbitrators subject to the provisions of this Agreement.

Appears in 2 contracts

Samples: Master License Agreement, Master License Agreement

Continuation of Performance. Pending the final decision of the arbitrators in respect of any bona fide controversy, claim or dispute and provided the said arbitration was initiated in good faitharbitrators, the Parties agree agree, subject to Section 15.2, to diligently proceed with the performance of all obligations, including the payment of all sums and the performance of all duties required by this Agreement. Payment of any interest shall be as determined by the arbitrators subject to the provisions of this Agreementarbitrator.

Appears in 2 contracts

Samples: 2014 Energy Exchange Agreement, System Power Sale Agreement

Continuation of Performance. Pending the final decision of the arbitrators in respect of any bona fide controversy, claim or dispute and provided the said arbitration was initiated in good faitharbitrators, the Parties agree agree, subject to Section 14.2, to diligently proceed with the performance of all obligations, including the payment of all sums and the performance of all duties required by this Agreement. Payment of any interest shall be as determined by the arbitrators subject to the provisions of this Agreementarbitrator.

Appears in 2 contracts

Samples: Mw Energy Sale Agreement, Mw Energy Sale Agreement

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Continuation of Performance. Pending the final decision of the arbitrators in respect of any bona fide controversy, claim or dispute and provided the said arbitration was initiated in good faitharbitrators, the Parties agree to diligently proceed with the performance of all obligations, including without limitation offering of Non-Firm Energy and the payment of all sums and the performance of all duties required by this Agreement. Payment of any interest Interest shall accrue at the Interest Rate and shall be as determined by the arbitrators subject to the provisions compounded daily on all overpayments and underpayments which occur pending resolution of this Agreementa controversy, claim or dispute.

Appears in 1 contract

Samples: Non Firm Energy Sale Agreement

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