Cost and Proceeds of Credit Support. All costs associated with obtaining any credit support required by Sections 5.1, 5.2 or 5.3 shall be the sole responsibility of the Party which caused such credit support to be issued. The Non-Defaulting Party hereunder may use, apply or retain the whole or any part of the proceeds of credit support issued in favor of such Non-Defaulting Party for the payment of amounts owed pursuant to Article 3.
Appears in 6 contracts
Samples: Capacity and Associated Energy Purchase and Sale Agreement, Purchase and Sale Agreement, Demand Resource Capacity Purchase and Sale Agreement
Cost and Proceeds of Credit Support. All costs associated with obtaining any credit support required by Sections 5.1, 5.2 5.2, or 5.3 shall be the sole responsibility of the Party which that caused such credit support to be issued. The Nonnon-Defaulting defaulting Party hereunder may use, apply apply, or retain the whole or any part of the proceeds of credit support issued in favor of such Nonnon-Defaulting defaulting Party for the payment of amounts owed pursuant to under Article 3.
Appears in 2 contracts
Samples: Wind Energy Purchase and Sale Agreement, Solar Energy Purchase and Sale Agreement
Cost and Proceeds of Credit Support. All costs associated with obtaining any credit support required by Sections 5.16.1, 5.2 6.2 or 5.3 6.3 shall be the sole responsibility of the Party which that caused such credit support to be issued. The Non-Defaulting Party hereunder may use, apply or retain the whole or any part of the proceeds of credit support issued in favor of such Non-Defaulting Party for the payment of amounts owed pursuant to Article 3, Article 4, or Article 10.
Appears in 1 contract
Samples: www.maine.gov
