Common use of Financial Obligations after Withdrawal and Termination Clause in Contracts

Financial Obligations after Withdrawal and Termination. Any financial obligation incurred by a Party under this Article prior to withdrawal by the Party from this Agreement or prior to the termination of this Agreement pursuant to Article 3 herein shall remain due and owing subsequent to such withdrawal or termination. The ISO Board and the Party or Parties to which the obligation is owed retain all legal rights and authority to recover such amounts.

Appears in 69 contracts

Samples: Iso Agreement, Iso Agreement, Iso Agreement

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Financial Obligations after Withdrawal and Termination. β€Œ Any financial obligation incurred by a Party under this Article prior to withdrawal by the Party from this Agreement or prior to the termination of this Agreement pursuant to Article 3 herein shall remain due and owing subsequent to such withdrawal or termination. The ISO Board and the Party or Parties to which the obligation is owed retain all legal rights and authority to recover such amounts.

Appears in 2 contracts

Samples: Agreement, Nyiso Agreements

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Financial Obligations after Withdrawal and Termination. Any financial obligation incurred by a Party under this Article prior to withdrawal by the Party from this Agreement or prior to the termination of this Agreement pursuant to Article 3 herein shall remain due and owing subsequent to such withdrawal or termination. The ISO Board and the Party or Parties to which the obligation is owed retain all legal rights and authority to recover such amounts.. 17.04

Appears in 1 contract

Samples: Iso Agreement (New York State Electric & Gas Corp)

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