Common use of GOP Event of Default Clause in Contracts

GOP Event of Default. In the event the Seller terminates this Agreement pursuant to Section 14.1(b) as a result of a GOP Event of Default, the Seller may elect to transfer the Complex to the GOP or its designee and, in such event, the Complex shall be transferred to the GOP or its designee and the GOP or its designee shall simultaneously pay the Seller the Compensation Amount set forth in Row 2 of Part I of Schedule 2 (Compensation Amounts) in accordance with the payment provisions set out in Section 15.5 (

Appears in 4 contracts

Samples: Implementation Agreement, Implementation Agreement, Implementation Agreement

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