Common use of Indemnifiable Losses Clause in Contracts

Indemnifiable Losses. Where an Indemnified Party is entitled to Indemnifiable Losses from the indemnifying party pursuant to Article 17, the Indemnified Party shall promptly notify the indemnifying party of the Indemnifiable Losses actually incurred by the Indemnified Party. The Indemnifiable Losses shall be reimbursed by the Indemnifying Party within thirty (30) days of receipt of the notice seeking Indemnifiable Losses by the Indemnified Party. In case of non-payment of such losses after a valid notice under this Article 17, such event shall constitute a payment default under Article 16.

Appears in 2 contracts

Samples: Pumped Hydro Energy Storage Facility Agreement, Pumped Hydro Energy Storage Facility Agreement

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Indemnifiable Losses. 13.3.1 Where an Indemnified indemnified Party is entitled to Indemnifiable Losses indemnifiable losses from the indemnifying party Party pursuant to Article 17Article13.1.1b, the Indemnified indemnified Party shall promptly notify the indemnifying party Indemnifying Party of the Indemnifiable Losses indemnifiable losses actually incurred by the Indemnified indemnified Party. The Indemnifiable Losses indemnifiable losses shall be reimbursed by the Indemnifying indemnifying Party within thirty (30) days Days of receipt of the notice seeking Indemnifiable Losses indemnifiable losses by the Indemnified indemnified Party. In case of non-payment of such losses after a valid notice under this Article 17Article, such event shall constitute a payment default under Article 16ARTICLE 12:.

Appears in 2 contracts

Samples: Power Purchase Agreement (Ppa), Power Purchase Agreement (Ppa)

Indemnifiable Losses. 12.3.1 Where an Indemnified indemnified Party is entitled to Indemnifiable Losses indemnifiable losses from the indemnifying party Party pursuant to Article 1712. 1. 1b, the Indemnified indemnified Party shall promptly notify the indemnifying party Indemnifying Party of the Indemnifiable Losses indemnifiable losses actually incurred by the Indemnified indemnified Party. The Indemnifiable Losses indemnifiable losses shall be reimbursed by the Indemnifying indemnifying Party within thirty (30) days Days of receipt of the notice seeking Indemnifiable Losses indemnifiable losses by the Indemnified indemnified Party. In case of non-payment of such losses after a valid notice under this Article 17Article, such event shall constitute a payment default under Article 16ARTICLE 11:.

Appears in 1 contract

Samples: Power Purchase Agreement

Indemnifiable Losses. Where an Indemnified Party is entitled to Indemnifiable Losses from the indemnifying party pursuant to Article 17, Indemnifying Party the Indemnified Party shall promptly notify the indemnifying party Indemnifying Party of the Indemnifiable Losses actually incurred by the Indemnified Party. The Indemnifiable Losses shall be reimbursed by the Indemnifying Party within thirty (30) days of receipt of the notice seeking Indemnifiable Losses by the Indemnified Party. In case of non-payment nonpayment of such losses after a valid notice under this Article 1714.3, such event shall constitute a payment default under Article 1613.

Appears in 1 contract

Samples: Power Purchase Agreement

Indemnifiable Losses. 13.3.1 Where an Indemnified indemnified Party is entitled to Indemnifiable Losses indemnifiable losses from the indemnifying party Party pursuant to Article 1713.1.1b, the Indemnified indemnified Party shall promptly notify the indemnifying party Indemnifying Party of the Indemnifiable Losses indemnifiable losses actually incurred by the Indemnified indemnified Party. The Indemnifiable Losses indemnifiable losses shall be reimbursed by the Indemnifying indemnifying Party within thirty (30) days Days of receipt of the notice seeking Indemnifiable Losses indemnifiable losses by the Indemnified indemnified Party. In case of non-payment of such losses after a valid notice under this Article 17Article, such event shall constitute a payment default under Article 16ARTICLE 12:.

Appears in 1 contract

Samples: Power Purchase Agreement (Ppa)

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Indemnifiable Losses. 1.63.1 Where an Indemnified indemnified Party is entitled to Indemnifiable Losses indemnifiable losses from the indemnifying party Party pursuant to Article 171.61.1(ii), the Indemnified indemnified Party shall promptly notify the indemnifying party Indemnifying Party of the Indemnifiable Losses indemnifiable losses actually incurred by the Indemnified indemnified Party. The Indemnifiable Losses indemnifiable losses shall be reimbursed by the Indemnifying indemnifying Party within thirty (30) days Days of receipt of the notice seeking Indemnifiable Losses indemnifiable losses by the Indemnified indemnified Party. In case of non-payment of such losses after a valid notice under this Article 17Article, such event shall constitute a payment default under Article 161.55 and 1.56.

Appears in 1 contract

Samples: Power Purchase Agreement (Ppa)

Indemnifiable Losses. Where an Indemnified Party is entitled to Indemnifiable Losses from the indemnifying party pursuant to Article 17Indemnifying Party, the Indemnified Party shall promptly notify the indemnifying party Indemnifying Party of the Indemnifiable Losses actually incurred by the Indemnified Party. The Indemnifiable Losses shall be reimbursed by the Indemnifying Party within thirty (30) days of receipt of the notice seeking Indemnifiable Losses by the Indemnified Party. In case of non-payment nonpayment of such losses after a valid notice under this Article 1714.3, such event shall constitute a payment default under Article 1613.

Appears in 1 contract

Samples: Power Purchase Agreement

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