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 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 Column A of Schedule D as liquidated damages. The Parties agree that actual damages to Provider in the event this Agreement terminates 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 6 contracts

Samples: Power Purchase Agreement, Power Purchase & Storage Services Agreement, Power Purchase Agreement

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Payment of Termination Value on Termination Date. In the event that the Termination Date 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 Column A of Schedule D as liquidated damages. The Parties agree that actual damages to Provider in the event this Agreement terminates 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 5 contracts

Samples: Power Purchase Agreement, Power Purchase & Storage Services Agreement, Power Purchase Agreement

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Payment of Termination Value on Termination Date. In the event that the Termination Date has occurred for reasons other than pursuant to Sections 3.1.23.2.1., 10.6 10.7 or 12.1.1, Customer shall be required to pay to Provider the then-then- applicable Termination Value specified in Column A of Schedule D as liquidated damages. The Parties agree that actual damages to Provider in the event this Agreement terminates 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 1 contract

Samples: Power Purchase Agreement

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