Common use of Enforcement of Claims Clause in Contracts

Enforcement of Claims. 24.1 Notification of amount in default: Without prejudice to the provisions of Section 21, if a Pool Member or the Grid Operator shall fail to pay any amount payable pursuant to this Schedule on the due date, the Pool Funds Administrator shall notify the Director, the Executive Committee and each Pool Creditor to whom the amount in default is owed pursuant to this Agreement of the name of the non-paying Pool Debtor, the aggregate amount in default and the amount owed to each Pool Creditor.

Appears in 1 contract

Samples: Settlement Agreement (Southern Investments Uk PLC)

AutoNDA by SimpleDocs

Enforcement of Claims. 24.1 Notification of amount in default: Without without prejudice to the provisions of Section 21, if a Pool Member or the Grid Operator shall fail to pay any amount payable pursuant to this Schedule on the due date, the Pool Funds Administrator shall notify the Director, the Executive Committee and each Pool Creditor to whom the amount in default is owed pursuant to this Agreement of the name of the non-paying Pool Debtor, the aggregate amount in default and the amount owed to each Pool Creditor.

Appears in 1 contract

Samples: Pooling and Settlement Agreement (Yorkshire Power Group LTD)

Enforcement of Claims. 24.1 Notification of amount in default: Without prejudice to the provisions of Section 21, if a Pool Member or the Grid Operator shall fail to pay any amount payable pursuant to this Schedule on the due date, the Pool Funds Administrator shall notify the Director, the Executive Committee and each Pool Creditor to whom the amount in default is owed pursuant to this Agreement of the name of the non-paying Pool Debtor, the aggregate amount in default and the amount owed to each Pool Creditor.

Appears in 1 contract

Samples: Pooling and Settlement Agreement (Entergy London Capital Lp)

AutoNDA by SimpleDocs

Enforcement of Claims. 24.1 Notification of amount in default: Without prejudice to the provisions of Section 21, if a Pool Member or the Grid Operator shall fail to pay any amount payable pursuant to this Schedule on the due date, the Pool Funds Administrator shall notify the Director, the Executive Committee and each Pool Creditor to whom the amount in default is owed pursuant to this Agreement Schedule of the name of the nonNon-paying Pool Debtor, the aggregate amount Amount in default Default and the amount owed to each Pool Creditor.

Appears in 1 contract

Samples: Pooling and Settlement Agreement (Txu Eastern Holdongs LTD)

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