Common use of No Fault Termination Clause in Contracts

No Fault Termination. If either Party exercises a termination right as set forth in Sections 2.07, 8.03, or 10.05, the Termination Payment will be calculated with a Forward Settlement Amount of zero dollars ($0), and, if the termination occurs before the Initial Delivery Date, Seller will be entitled to a return of any Development Security provided to SCE.

Appears in 5 contracts

Samples: Renewable Power Purchase Agreement, Renewable Power Purchase Agreement, Renewable Power Purchase Agreement

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No Fault Termination. If either Party exercises a termination right as set forth in Sections 2.07, 8.03, or 10.05, the Termination Payment will be calculated with a Forward Settlement Amount of zero dollars ($0), and, if the termination occurs before the Initial Delivery Date, Seller will be entitled to a return of any Development Security provided to SCE. Additional Termination Rights.

Appears in 2 contracts

Samples: Renewable Power Purchase Agreement, Renewable Power Purchase Agreement

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