Common use of Failure of Performance Assurance or Credit Support Document Clause in Contracts

Failure of Performance Assurance or Credit Support Document. If any Credit Support Provider or provider of Performance Assurance of the other Party disaffirms, disclaims, revokes, repudiates or rejects in whole or in part, or challenges the validity of, any Credit Support Document or Performance Assurance provided by it or otherwise fails to comply with or perform its obligations under or in respect of such Credit Support Document or Performance Assurance and such failure is continuing after any applicable grace or cure period.

Appears in 4 contracts

Samples: General Agreement, General Agreement, General Agreement

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Failure of Performance Assurance or Credit Support Document. If any Credit Support Provider or provider of Performance Assurance provider of the other Party disaffirms, disclaims, revokes, repudiates or rejects in whole or in part, or challenges the validity of, any Credit Support Document or Performance Assurance provided by it or otherwise fails to comply with or perform its obligations under or in respect of such Credit Support Document or Performance Assurance Assurance, and such failure is continuing after any applicable grace or cure period.;

Appears in 3 contracts

Samples: Certificate Master Agreement, Certificate Master Agreement, Certificate Master Agreement

Failure of Performance Assurance or Credit Support Document. If any Credit Support Provider or provider of Performance Assurance provider of the other Party disaffirms, disclaims, revokes, repudiates or rejects in whole or in part, or challenges the validity of, any Credit Support Document or Performance Assurance provided by it or otherwise fails to comply with or perform its obligations under or in respect of such Credit Support Document or Performance Assurance and such failure is continuing after any applicable grace or cure period.; or

Appears in 2 contracts

Samples: General Agreement, General Agreement

Failure of Performance Assurance or Credit Support Document. If any Credit Support Provider or provider of Performance Assurance provider of the other Party disaffirms, disclaims, revokes, repudiates or rejects in whole or in part, or challenges the validity of, any Credit Support Document or Performance Assurance provided by it or otherwise fails to comply with or perform its obligations under or in respect of such Credit Support Document or Performance Assurance and such failure is continuing after any applicable grace or cure period.; or (g)

Appears in 1 contract

Samples: Agreement Concerning the Delivery and Acceptance of Electricity

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Failure of Performance Assurance or Credit Support Document. If any Credit Support Provider or provider of Performance Assurance provider of the other Party disaffirms, disclaims, revokes, repudiates or rejects in whole or in part, or challenges the validity of, any Credit Support Document or Performance Assurance provided by it or otherwise fails to comply with or perform its obligations under or in respect of such Credit Support Document or Performance Assurance and such failure is continuing after any applicable grace or cure period.;

Appears in 1 contract

Samples: Eecs Certificates Master Agreement

Failure of Performance Assurance or Credit Support Document. If any Credit Support Provider or provider of Performance Assurance provider of the other Party disaffirms, disclaims, revokes, repudiates or rejects in whole or in part, or challenges the validity of, any Credit Support Document or Performance Assurance provided by it or otherwise fails to comply with or perform its obligations under or in respect of such Credit Support Document or Performance Assurance Assurance, and such failure is continuing after any applicable grace or cure period.cureperiod;

Appears in 1 contract

Samples: Certificate Master Agreement

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