Common use of Events of Default by Either Party Clause in Contracts

Events of Default by Either Party. It shall constitute an event of default (“Event of Default”) by either Party hereunder if: Representation or Warranty. Any material breach of any representation or warranty of such Party set forth herein, or in filings or reports made pursuant to this Agreement occurs where such breach is not fully cured and corrected within thirty (30) days after the Non- Defaulting Party has provided written notice to the Defaulting Party, provided, however, that such period shall be extended for an additional period of up to thirty (30) days if the Defaulting Party is unable to cure within the initial thirty (30) day period so long as such cure is diligently pursued by the Defaulting Party until such Default has been corrected, but in any event shall be cured within sixty (60) days of the notice from the Non-Defaulting Party; or

Appears in 2 contracts

Samples: Power Purchase Agreement, Power Purchase Agreement

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Events of Default by Either Party. It shall constitute an event of default (“Event of Default”) by either Party hereunder if: if:‌ Representation or Warranty. Any material breach of any representation or warranty of such Party set forth herein, or in filings or reports made pursuant to this Agreement occurs where such breach is not fully cured and corrected within thirty (30) days after the Non- Defaulting Party has provided written notice to the Defaulting Party, provided, however, that such period shall be extended for an additional period of up to thirty sixty (3060) days if the Defaulting Party is unable to cure within the initial thirty (30) day period so long as such cure is diligently pursued by the Defaulting Party until such Default breach has been corrected, but in any event shall be cured within sixty ninety (6090) days of the notice from the Non-Defaulting Party; or

Appears in 1 contract

Samples: Power Purchase Agreement

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Events of Default by Either Party. It shall constitute an event of default (“Event of Default”) by either Party hereunder if: if:‌‌ Representation or Warranty. Any material breach of any representation or warranty of such Party set forth herein, or in filings or reports made pursuant to this Agreement occurs where such breach is not fully cured and corrected within thirty (30) days after the Non- Defaulting Party has provided written notice to the Defaulting Party, provided, however, that such period shall be extended for an additional period of up to thirty (30) days if the Defaulting Party is unable to cure within the initial thirty (30) day period so long as such cure is diligently pursued by the Defaulting Party until such Default has been corrected, but in any event shall be cured within sixty (60) days of the notice from the Non-Defaulting Party; or

Appears in 1 contract

Samples: Power Purchase Agreement

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