Common use of Payment Currency Clause in Contracts

Payment Currency. All sums payable by Guarantor hereunder shall be made in freely transferable and immediately available funds and shall be made in the currency in which the Obligations were due. If Obligor fails to pay any Obligation when due, the Guarantor shall pay that Obligation directly to Guaranteed Party within 20 Days after written notice to Guarantor by Guaranteed Party. The written notice shall provide a reasonable description of the amount of the Obligation and explanation of why such amount is due.

Appears in 4 contracts

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

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Payment Currency. All sums payable by Guarantor hereunder shall be made in freely transferable and immediately available funds and shall be made in the currency in which the Obligations were due. If Obligor Xxxxxxx fails to pay any Obligation when due, the Guarantor shall will pay that Obligation directly to Guaranteed Party within 20 twenty (20) Days after written notice to Guarantor by Guaranteed Party. The written notice shall provide a reasonable description of the amount of the Obligation and explanation of why such amount is due.

Appears in 3 contracts

Samples: Distributed Energy Resource Power Purchase Agreement, Services Agreement, Storage Services Agreement

Payment Currency. All sums payable by Guarantor hereunder shall be made in freely transferable and immediately available funds and shall be made in the currency in which the Obligations were due. If Obligor fails to pay any Obligation when due, the Guarantor shall will pay that Obligation directly to Guaranteed Party within 20 Days five (5) days after written notice to Guarantor by Guaranteed Party. The written notice shall provide a reasonable description of the amount of the Obligation and explanation of why such amount is due.

Appears in 2 contracts

Samples: Purchase and Sale Agreement (Cheniere Energy Inc), Power Purchase Agreement

Payment Currency. All sums payable by Guarantor hereunder shall be made in freely transferable and immediately available funds and shall be made in the currency in which the Obligations were due. If Obligor fails to pay any Obligation when due, the Guarantor shall will pay that Obligation directly to Guaranteed Party within 20 Days ten business days (10) days after written notice to Guarantor by Guaranteed Party. The written notice shall provide a reasonable description of the amount of the Obligation and explanation of why such amount is due.

Appears in 1 contract

Samples: Power Purchase Agreement

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Payment Currency. All sums payable by Guarantor hereunder shall be made in freely transferable and immediately available funds and shall be made in the currency in which the Obligations were due. If Obligor fails to pay any Obligation when due, the Guarantor shall will pay that Obligation directly to Guaranteed Party within 20 Days after written notice to Guarantor by Guaranteed Party. The written notice shall provide a reasonable description of the amount of the Obligation and explanation of why such amount is due.twenty

Appears in 1 contract

Samples: Guaranty of Guarantor

Payment Currency. All sums payable by Guarantor hereunder shall be made in freely transferable and immediately available funds and shall be made in the currency in which the Obligations were due. If Obligor Xxxxxxx fails to pay any Obligation when due, the Guarantor shall will pay that Obligation directly to Guaranteed Party within 20 Days after written notice to Guarantor by Guaranteed Party. The written notice shall provide a reasonable description of the amount of the Obligation and explanation of why such amount is due.twenty

Appears in 1 contract

Samples: Guaranty of Guarantor

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