Common use of DEMANDS AND PAYMENT Clause in Contracts

DEMANDS AND PAYMENT. (a) If Obligor fails to pay any Obligation to Counterparty when such Obligation is due and owing under the Agreement (an “Overdue Obligation”), Counterparty may present a written demand to Guarantor calling for Guarantor’s payment of such Overdue Obligation pursuant to this Guaranty (a “Payment Demand”).

Appears in 7 contracts

Samples: Rec Purchase and Sale Agreement (Sunrun Inc.), Purchase and Sale Agreement (NextEra Energy Partners, LP), Requirements Load Following Supply Agreement

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DEMANDS AND PAYMENT. (a) If Obligor fails to pay any Obligation to Counterparty Counterparties when such Obligation is due and owing under the Agreement (an “Overdue Obligation”), Counterparty Counterparties may present a written demand to Guarantor calling for Guarantor’s payment of such Overdue Obligation pursuant to this Guaranty (a “Payment Demand”).

Appears in 1 contract

Samples: Escrow Agreement (NextEra Energy Partners, LP)

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DEMANDS AND PAYMENT. (a) If Obligor fails to pay any Obligation to Counterparty when such Obligation is due and owing under the Agreement (an “Overdue Obligation”)Agreement, Counterparty may present a written demand to Guarantor calling for Guarantor’s payment of such Overdue Obligation pursuant to this Guaranty (a “Payment Demand”).

Appears in 1 contract

Samples: Power Purchase Agreement

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