Common use of Payment Obligation Absent Netting Clause in Contracts

Payment Obligation Absent Netting. If no mutual debts or payment obligations exist and only one Party owes a debt or obligation to the other during the monthly billing period, including, but not limited to, any related damage amounts calculated pursuant to Article 5, interest, and payments or credits, that Party shall pay such sum in full when due.

Appears in 11 contracts

Samples: Wholesale Renewable Power and Storage Capacity Purchase Agreement, Wholesale Renewable Power and Storage Capacity Purchase Agreement, Wholesale Renewable Power Purchase Agreement

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Payment Obligation Absent Netting. If no mutual debts or payment obligations exist and only one Party owes a debt or obligation to the other during the monthly billing period, including, but not limited to, any related damage amounts calculated pursuant to Article 5, interest, and payments or credits, that Party shall pay such sum in full when due.

Appears in 6 contracts

Samples: Agreement, Support Services Agreement, Reliability Support Services Agreement

Payment Obligation Absent Netting. If no mutual debts or payment obligations exist and only one Party owes a debt or obligation to the other during the monthly billing period, including, but not limited to, any related damage amounts calculated pursuant to Article 5, interest, and payments or credits, that Party shall pay such sum in full when due.

Appears in 5 contracts

Samples: Master Power Purchase and Sale Agreement, Master Agreement, Master Power Purchase and Sale Agreement

Payment Obligation Absent Netting. If no mutual debts Parties agree not to do netting of payments pursuant to Section 7.4 or payment obligations exist and only one Party owes a debt or obligation to the other during the monthly billing period, including, but not limited to, any related damage amounts calculated pursuant to Article 5Five, interest, and payments or credits, that Party shall pay such sum in full when due.

Appears in 2 contracts

Samples: 2019 Power and Gas Master Agreement, Master Agreement

Payment Obligation Absent Netting. If no mutual debts or payment obligations exist and only one Party owes a debt or obligation to the other during the monthly billing period, including, but not limited to, any related damage amounts calculated pursuant to Article 5, interest, interest and payments or credits, that Party shall pay such sum in full when due.. 23

Appears in 2 contracts

Samples: Power Purchase Tolling Agreement, Power Purchase Tolling Agreement

Payment Obligation Absent Netting. If no mutual debts or payment obligations exist and only one Party owes a debt or obligation to the other during the monthly billing period, including, but not limited to, any related damage amounts calculated pursuant to Article 5Five, interest, and payments or credits, that Party shall pay such sum in full when due.

Appears in 2 contracts

Samples: Sale and Power Purchase Agreement (Delta Energy Center, LLC), Host Agreement (Delta Energy Center, LLC)

Payment Obligation Absent Netting. If no mutual debts or payment obligations exist and only one Party owes a debt or obligation to the other during the monthly billing period, including, but not limited to, any related damage amounts calculated pursuant to Article 5Sections 3.8 or 3.9, interest, and payments or credits, that Party shall pay such sum in full when due.

Appears in 1 contract

Samples: Resource Adequacy Agreement

Payment Obligation Absent Netting. If no mutual debts or payment obligations exist and only one Party owes a debt or obligation to the other during the monthly billing period, including, but not limited to, any related damage amounts calculated pursuant to Article 5, interest, and payments or credits, that Party shall pay such sum in full when due.due.[Deleted 4.5

Appears in 1 contract

Samples: Asset Management Agreement

Payment Obligation Absent Netting. If no mutual debts or payment obligations exist and only one Party owes a debt or obligation to the other during the monthly billing period, including, but not limited to, any related damage amounts calculated pursuant to Article 5, interest, interest and payments or credits, that Party shall pay such sum in full when due.. CREDIT AND COLLATERAL

Appears in 1 contract

Samples: Power Purchase Tolling Agreement

Payment Obligation Absent Netting. If no mutual debts or payment obligations exist and only one Party owes a debt or obligation to the other during the monthly billing period, including, but not limited to, any related damage amounts calculated pursuant to Article 5, Four interest, and payments or credits, that Party shall pay such sum in full when due.

Appears in 1 contract

Samples: Master Power Purchase and Sales Agreement (Texas Genco Holdings Inc)

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Payment Obligation Absent Netting. If no mutual debts or payment obligations exist and only one Party owes a debt or obligation to the other during the monthly billing period, including, but not limited to, any related damage amounts calculated pursuant to Article 5Four, interest, and payments or credits, that Party shall pay such sum in full when due.

Appears in 1 contract

Samples: Master Power Purchase and Sale Agreement (NRG Energy, Inc.)

Payment Obligation Absent Netting. If no mutual debts or payment obligations exist and only one Party owes a debt or obligation to the other during the monthly billing period, including, but not limited to, any related damage amounts calculated pursuant to Article 5, interest, interest and payments or credits, that Party shall pay such sum in full when due.. 24

Appears in 1 contract

Samples: Energy Storage Power Purchase Agreement

Payment Obligation Absent Netting. If no mutual debts or payment obligations exist and only one Party owes a debt or obligation to the other during the monthly billing period, including, but not limited to, any related damage amounts calculated pursuant to Article 5Sections 3.7 or 3.8, interest, and payments or credits, that Party shall pay such sum in full when due.

Appears in 1 contract

Samples: Resource Adequacy Agreement Cover Sheet

Payment Obligation Absent Netting. If no mutual debts or payment obligations exist and only one Party owes a debt or obligation to the other during the monthly billing period, including, but not limited to, any related damage amounts calculated pursuant as stated in Seller Failure or Buyer Failure to Article 5Deliver/Receive, interest, and payments or credits, that Party shall pay such sum in full when due.

Appears in 1 contract

Samples: Support Services Agreement

Payment Obligation Absent Netting. If no mutual debts or payment --------------------------------- obligations exist and only one Party owes a debt or obligation to the other during the monthly billing period, including, but not limited to, any related damage amounts calculated pursuant to Article 5Four, interest, and payments or credits, that Party shall pay such sum in full when due.

Appears in 1 contract

Samples: Master Power Purchase and Sale Agreement (Pg&e Corp)

Payment Obligation Absent Netting. If Subject to Section 7.3, if no mutual debts or payment obligations exist and only one Party owes a debt or obligation to the other during the monthly billing period, including, but not limited to, any related damage amounts calculated pursuant to Article 5, interest, and payments or credits, that Party Party, shall pay the undisputed portion of such sum in full when due.

Appears in 1 contract

Samples: Power Supply and Service Agreement (TNP Enterprises Inc)

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