Common use of Disconnection for financial breach Clause in Contracts

Disconnection for financial breach. ‌ (a) Powerlink may disconnect (including at or about the TNCP) the Customer Facility if: (i) the Customer commits a Customer Financial Breach, until the relevant breach is remedied; (ii) the Customer commits a financial breach of the Works Coordination Agreement, until the relevant breach is remedied; (iii) the Owner commits a financial breach of the Network Operating Agreement or the Works Coordination Agreement, until the relevant breach is remedied, but only if Powerlink does not hold sufficient financial security from the Owner in respect of the amount of such charges and other amounts. (b) In exercising its rights under this clause, Powerlink must comply with any relevant requirements in the Network Operating Agreement and the Works Coordination Agreement.

Disconnection for financial breach. ‌ (a) Powerlink may disconnect (including at or about the TNCP) the Customer Generator Facility if: (i) the Customer Generator commits a Customer Generator Financial Breach, until the relevant breach is remedied; (ii) the Customer Generator commits a financial breach of the Works Coordination Agreement, until the relevant breach is remedied; (iii) the Owner commits a financial breach of the Network Operating Agreement or the Works Coordination Agreement, until the relevant breach is remedied, but only if Powerlink does not hold sufficient financial security from the Owner in respect of the amount of such charges and other amounts. (b) In exercising its rights under this clause, Powerlink must comply with any relevant requirements in the Network Operating Agreement and the Works Coordination Agreement.

Disconnection for financial breach. ‌ (a) Powerlink may disconnect (including at or about the TNCP) the Customer Facility if: (i) the Customer commits a Customer Financial Breach, until the relevant breach is remedied; (ii) the Customer commits a financial breach of the Works Coordination Agreement, until the relevant breach is remedied; (iii) the Owner commits a an financial breach of the Network Operating Agreement or the Works Coordination Agreement, until the relevant breach is remedied, but only if Powerlink does not hold sufficient financial security from the Owner in respect of the amount of such charges and other amounts. (b) In exercising its rights under this clause, Powerlink must comply with any relevant requirements in the Network Operating Agreement and the Works Coordination Agreement.

Disconnection for financial breach. ‌ (a) Powerlink may disconnect (including at or about the TNCP) the Customer Generator Facility if: (i) the Customer Generator commits a Customer Generator Financial Breach, until the relevant breach is remedied; (ii) the Customer Generator commits a financial breach of the Works Coordination Agreement, until the relevant breach is remedied; (iii) the Owner commits a an financial breach of the Network Operating Agreement or the Works Coordination Agreement, until the relevant breach is remedied, but only if Powerlink does not hold sufficient financial security from the Owner in respect of the amount of such charges and other amounts. (b) In exercising its rights under this clause, Powerlink must comply with any relevant requirements in the Network Operating Agreement and the Works Coordination Agreement.