Common use of Monthly Payment Netting Clause in Contracts

Monthly Payment Netting. Except for amounts that one Party may owe to the other under Articles 11 or 17, which amounts shall not be included in any netting calculation pursuant to this Section 7.5, if Seller and Buyer are each required to pay an amount in the same month to the other pursuant to this Agreement, such amounts shall be netted, and the Party owing the greater aggregate amount shall pay to the other Party any difference between the amounts owed. Each Party reserves all rights, setoffs, counterclaims and other remedies and defenses (to the extent not expressly herein waived or denied) to which such Party has or may be entitled arising from or out of this Agreement.

Appears in 4 contracts

Samples: Power Purchase Agreement, Energy Storage Agreement, Energy Storage Agreement

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