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.
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Samples: Master Agreement
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.
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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.
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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
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.
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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.
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