Common use of Failure to Cure Payment Default Clause in Contracts

Failure to Cure Payment Default. If, at any time after expiration of the Cure Period Purchaser fails to be in Compliance due to its failure to cure its Payment Default in a timely manner in accordance with this Agreement, Purchaser’s Project Rights shall immediately be discontinued and terminated and its Project Rights and Obligations shall be disposed of by SCPPA in accordance with Section 11.5 of this Agreement; provided, however, the Defaulting Purchaser’s obligation to make payments under this Agreement shall not be eliminated or reduced except to the extent provided in Section 11.5. SCPPA shall provide to the Defaulting Purchaser a separate monthly invoice of any such payment obligations under this Agreement. SCPPA shall immediately notify the Project Manager (if other than SCPPA), the other SCPPA Participants and such others as SCPPA deems appropriate, of such discontinuance and termination of the Defaulting Purchaser’s Project Rights.

Failure to Cure Payment Default. If, at any time after expiration of the Cure Period Purchaser fails to be in Compliance due to its failure to cure its Payment Default in a timely manner in accordance with this Agreement, Purchaser’s Project Rights shall immediately be discontinued and terminated and its Project Rights and Obligations shall be disposed of by SCPPA in accordance with Section 11.5 of this Agreement; provided, however, the Defaulting Purchaser’s obligation to make payments under this Agreement shall not be eliminated or reduced except to the extent provided in Section 11.511.6. SCPPA shall provide to the Defaulting Purchaser a separate monthly invoice of any such payment obligations under this Agreement. SCPPA shall immediately notify the Project Manager (if other than SCPPA), the other SCPPA Participants and such others as SCPPA deems appropriate, of such discontinuance and termination of the Defaulting Purchaser’s Project Rights.

Failure to Cure Payment Default. If, If at any time thirty (30) Days after expiration of the Cure Period an uncured Payment Default by Purchaser, Purchaser fails to be in Compliance Compliance, due to its the failure of the Defaulting Purchaser to cure its Payment Default in a timely manner in accordance with this Agreement, Purchaser’s Project Rights shall immediately be discontinued and terminated and its Project Rights and Obligations shall be disposed of by SCPPA in accordance with Section 11.5 of this Agreement; provided, however, the Defaulting Purchaser’s obligation to make payments under this Agreement shall not be eliminated or reduced except to the extent provided in Section 11.511.6. SCPPA shall provide to the Defaulting Purchaser a separate monthly invoice of any such payment obligations under this Agreement. SCPPA shall immediately notify the Project Manager (if other than SCPPA), the other SCPPA Participants and such others as SCPPA deems appropriate, of such discontinuance and termination of the Defaulting Purchaser’s Project Rights.

Failure to Cure Payment Default. If, If at any time thirty (30) Days after expiration of the Cure Period an uncured Payment Default by Purchaser, Purchaser fails to be in Compliance Compliance, due to its the failure of the Defaulting Purchaser to cure its Payment Default in a timely manner in accordance with this Agreement, Purchaser’s Project Rights shall immediately be by discontinued and terminated and its Project Rights and Obligations shall be disposed of by SCPPA in accordance with Section 11.5 of this Agreement; provided, however, the Defaulting Purchaser’s obligation to make payments under this Agreement shall not be eliminated or reduced except to the extent provided in Section 11.511.6. SCPPA shall provide to the Defaulting Purchaser a separate monthly invoice of any such payment obligations under this Agreement. SCPPA shall immediately notify the Project Manager (if other than SCPPA), the other SCPPA Participants and such others as SCPPA deems appropriate, of such discontinuance and termination of the Defaulting Purchaser’s Project Rights.