Common use of Cure/Grace Periods Clause in Contracts

Cure/Grace Periods. Before becoming an Event of Default, the occurrences set forth in Section 15.1 (Events of Default by Seller) and Section 15.2 (Events of Default by a Party) are subject to the following cure/grace periods: If the occurrence is not the result of Force Majeure, the Non-performing Party shall be entitled to a cure period to the limited extent expressly set forth in the applicable provision of Section 15.1 (Events of Default by Seller) or Section 15.2 (Events of Default by a Party); or If the occurrence is the result of Force Majeure, and if and so long as the conditions set forth in Section 21.4 (Satisfaction of Certain Conditions) are satisfied, the Non-performing Party shall be entitled to a grace period as provided in Section 21.6 (Termination for Force Majeure), which shall apply in lieu of any cure periods provided in Section 15.1 (Events of Default by Seller) and Section 15.2 (Events of Default by a Party).

Appears in 22 contracts

Samples: Power Purchase Agreement, Power Purchase Agreement, Power Purchase Agreement

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Cure/Grace Periods. Before becoming an Event of Default, the occurrences set forth in Section 15.1 6.1 (Events of Default by Seller) and Section 15.2 6.2 (Events of Default by a Party) are subject to the following cure/grace periods: If the occurrence is not the result of Force Majeure, the Nonnon-performing Party shall be entitled to a cure period to the limited extent expressly set forth in the applicable provision of Section 15.1 6.1 (Events of Default by Seller) or Section 15.2 6.2 (Events of Default by a Party); or If the occurrence is the result of Force Majeure, and if and so long as the conditions set forth in Section 21.4 17.4 (Satisfaction of Certain Conditions) are satisfied, the Nonnon-performing Party shall be entitled to a grace period as provided in Section 21.6 17.5 (Termination for Force Majeure), which shall apply in lieu of any cure periods provided in Section 15.1 6.1 (Events of Default by Seller) and Section 15.2 6.2 (Events of Default by a Party).

Appears in 7 contracts

Samples: Energy Storage Power Purchase Agreement, Energy Storage Power Purchase Agreement, Energy Storage Power Purchase Agreement

Cure/Grace Periods. Before becoming an Event of Default, the occurrences set forth in Section 15.1 (Events of Default by Seller) and Section 15.2 (Events of Default by a Party) are subject to the following cure/grace periods: If the occurrence is not the result of Force Majeure, the Non-performing Party shall be entitled to a cure period to the limited extent expressly set forth in the applicable provision of Section 15.1 (Events of Default by Seller) or Section 15.2 (Events of Default by a Party); or If the occurrence is the result of Force Majeure, and if and so long as the conditions set forth in Section 21.4 (Satisfaction of Certain Conditions) are satisfied, the Non-performing Party shall be entitled to a grace period as provided in Section 21.6 (Termination for Force MajeureEvents of Default), which shall apply in lieu of any cure periods provided in Section 15.1 (Events of Default by Seller) and Section 15.2 (Events 15.2(Events of Default by a Party).

Appears in 5 contracts

Samples: Power Purchase Agreement, Power Purchase Agreement, Power Purchase Agreement

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Cure/Grace Periods. Before becoming an Event of Default, the occurrences set forth in Section 15.1 (Events of Default by SellerSubscriber Organization) and Section 15.2 (Events of Default by a Party) are subject to the following cure/grace periods: If the occurrence is not the result of Force Majeure, the Non-performing Party shall be entitled to a cure period to the limited extent expressly set forth in the applicable provision of Section 15.1 (Events of Default by SellerSubscriber Organization) or Section 15.2 (Events of Default by a Party); or If the occurrence is the result of Force Majeure, and if and so long as the conditions set forth in Section 21.4 (Satisfaction of Certain Conditions) are satisfied, the Non-performing Party shall be entitled to a grace period as provided in Section 21.6 (Termination for Force Majeure), which shall apply in lieu of any cure periods provided in Section 15.1 (Events of Default by SellerSubscriber Organization) and Section 15.2 (Events of Default by a Party).

Appears in 2 contracts

Samples: Power Purchase Agreement, Cbre Power Purchase Agreement

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