Common use of Disputes With Respect to Termination Payment Clause in Contracts

Disputes With Respect to Termination Payment. If the Defaulting Party disputes the Non-Defaulting Party’s calculation of the Termination Payment, in whole or in part, the Defaulting Party shall, within two (2) Business Days of receipt of Non-Defaulting Party’s explanation of the calculation of the Termination Payment, provide to the Non-Defaulting Party a detailed written explanation of the basis for such dispute; provided, however, that if the Termination Payment is due from the Defaulting Party, the Defaulting Party shall pay any undisputed amount and transfer Performance Assurance, if any, to the Non-Defaulting Party in an amount equal to the disputed amount of the Termination Payment.

Appears in 1 contract

Samples: Master Agreement

AutoNDA by SimpleDocs

Disputes With Respect to Termination Payment. If the Defaulting Party disputes the Non-Defaulting Party’s calculation of the Termination Payment, in whole or in part, the Defaulting Party shall, within two (2) Business Days of receipt of Non-Defaulting Party’s explanation of the calculation of the Termination Payment, provide to the Non-Defaulting Party a detailed written explanation of the basis for such dispute; provided, however, that if the Termination Payment is due from the Defaulting Party, the Defaulting Party shall pay any undisputed first transfer the current amount and transfer of the Performance Assurance, if any, Security to the Non-Defaulting Party in an amount equal to the disputed amount of the Termination Payment.

Appears in 1 contract

Samples: Resource Adequacy Agreement

Disputes With Respect to Termination Payment. If the Defaulting Party -------------------------------------------- disputes the Non-Defaulting Party’s 's calculation of the Termination Payment, in whole or in part, the Defaulting Party shall, within two (2) Business Days of receipt of Non-Defaulting Party’s explanation of the 's calculation of the Termination Payment, provide to the Non-Defaulting Party a detailed written explanation of the basis for such dispute; provided, however, that if the Termination Payment is due from the Defaulting Party, the Defaulting Party shall pay any undisputed amount and first transfer Performance Assurance, if any, Assurance to the Non-Defaulting Party in an amount equal to the disputed amount of the Termination Payment.

Appears in 1 contract

Samples: Master Power Purchase & Sale Agreement (Pg&e Corp)

Disputes With Respect to Termination Payment. If the Defaulting Party disputes the Non-Defaulting Party’s calculation of the Termination Payment, in whole or in part, the Defaulting Party shall, within two (2) Business Days of receipt of Non-Defaulting Party’s explanation of the calculation of the Termination Payment, provide to the Non-Defaulting Party a detailed written explanation of the basis for such dispute; provided, however, that if the Termination Payment is due from the Defaulting Party, the Defaulting Party shall pay any undisputed amount and first transfer Performance Assurance, if any, Assurance to the Non-Non- Defaulting Party in an amount equal to the disputed amount of the Termination Payment.

Appears in 1 contract

Samples: Power and Gas Master Agreement

AutoNDA by SimpleDocs

Disputes With Respect to Termination Payment. If the Defaulting Party disputes the Non-Defaulting Party’s 's calculation of the Termination Payment, in whole or in part, the Defaulting Party shall, within two (2) Business Days of receipt of Non-Defaulting Party’s explanation of the 's calculation of the Termination Payment, provide to the Non-Defaulting Party a detailed written explanation of the basis for such dispute; provided, however, that if the Termination Payment is due from the Defaulting Party, the Defaulting Party shall pay any undisputed amount and first transfer Performance Assurance, if any, Assurance to the Non-Defaulting Party in an amount equal to the disputed amount of the Termination Payment.

Appears in 1 contract

Samples: Master Power Purchase and Sales Agreement (Texas Genco Holdings Inc)

Disputes With Respect to Termination Payment. If the Defaulting Party disputes the Non-Defaulting Party’s calculation of the Termination Payment, in whole or in part, the Defaulting Party shall, within two (2) Business Days [***] of receipt of Non-Defaulting Party’s explanation of the calculation of the Termination Payment, provide to the Non-Defaulting Party a detailed written explanation of the basis for such dispute; provided, however, that if the Termination Payment is due from the Defaulting Party, the Defaulting Party shall pay any undisputed amount and first transfer Performance Assurance, if any, Assurance to the Non-Defaulting Party in an amount equal to the disputed amount of the Termination Payment.

Appears in 1 contract

Samples: Ra Capacity Confirmation (MMC Energy, Inc.)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!