Common use of Notice of Material Credit Event Clause in Contracts

Notice of Material Credit Event. Buyer shall Notify Seller of the occurrence of any event which, with notice or the passage of time or both, would constitute a Material Credit Event with respect to Buyer, which Notice shall be given by Buyer within 5 Business Days of the occurrence of such event. If at any time there occurs a Material Credit Event with respect to Buyer, then an Event of Default will be deemed to have occurred pursuant to Section 16 of the Power Purchase Agreement.

Notice of Material Credit Event. Seller shall notify Buyer shall Notify Seller in writing of the occurrence of any event whichthat, with notice or the passage of time or both, would constitute a Material Credit Event with respect to BuyerSeller, which Notice notice shall be given by Buyer Seller within 5 five (5) Business Days of the occurrence of such event. If at any time there occurs shall occur a Material Credit Event with respect to BuyerSeller, and such Material Credit Event is not cured within thirty (30) Days' notice of such event, then an Event of Default will shall be deemed to have occurred pursuant to Section 16 8.1(d) of the Power Purchase this Agreement.

Notice of Material Credit Event. Buyer shall Notify notify Seller in writing of the occurrence of any event whichthat, with notice or the passage of time or both, would constitute a Material Credit Event with respect to Buyer, which Notice notice shall be given by Buyer within 5 five (5) Business Days of the occurrence of such event. If at any time there occurs shall occur a Material Credit Event with respect to Buyer, and such Material Credit Event is not cured within thirty (30) Days' notice of such event, then an Event of Default will shall be deemed to have occurred pursuant to Section 16 8.1(d) of the Power Purchase this Agreement.