Common use of Payment of Termination Value on Termination Date Clause in Contracts

Payment of Termination Value on Termination Date. In the event that the Termination Date for any System has occurred for reasons other than pursuant to Sections 3.1.2., 10.6 or 12.1.1, Customer shall be required to pay to Provider the then-applicable Termination Value specified in the applicable Exhibit D as liquidated damages. The Parties agree that actual damages to Provider in the event this Agreement terminates, as a whole or with respect to a System, prior to the expiration of the Term for causes attributable to Customer would be difficult to ascertain, and the applicable Termination Value is a reasonable approximation of the damages suffered by Provider as a result of early termination of this Agreement.

Appears in 16 contracts

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

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