Common use of Failure to Timely Pay Clause in Contracts

Failure to Timely Pay. If Generator fails to pay the amount billed by Georgia Power within twenty (20) Calendar Days after the date of Georgia Power's invoice (and such amount is not disputed in accordance with Section 10.6), Georgia Power may, at any time thereafter upon five (5) Business Days written notice, draw upon the letter of credit (or other form of security) of Generator to obtain payment for such invoice, as well as reasonable costs incurred to exercise its rights under this Section 10. In addition, Georgia Power may, at its option, treat such non-payment as a Default of this Agreement under Section 3.2 hereof.

Failure to Timely Pay. If Generator fails to pay the amount billed by Georgia Power within twenty (20) Calendar Days after the date of Georgia Power's invoice (and such amount is not disputed in accordance with Section 10.6), Georgia Power may, at any time thereafter upon five (5) Business Days written notice, draw upon the letter of credit (or other form of security) of Generator to obtain payment for such invoice, as well as reasonable costs incurred to exercise its rights under this Section 10Section. In addition, Georgia Power may, at its option, treat such non-payment as a Default of this Agreement under Section 3.2 hereof.