Common use of Payments due to Contract Capacity Reduction Clause in Contracts

Payments due to Contract Capacity Reduction. 10.4.1 The Parties agree that the refund and payments provided in Section 9.1.2.6 represent a fair compensation for the reasonable losses that would result from such reduction of Contract Capacity. 10.4.2 In the event of a reduction in Contract Capacity, the quantity, in kW, by which the Contract Capacity is reduced shall be used to calculate the refunds and payments due Edison in accordance with Section 9.1.2.6, as applicable. 10.4.3 Edison shall provide invoices to Seller for all refunds and payments due Edison under this section which shall be due within 60 days. 10.4.4 If Seller does not make payments as required in Section 10.4.3, Edison shall have the right to offset any amounts due it against any present or future payments due Seller and may pursue any other remedies available to Edison as a result of Seller's failure to perform.

Appears in 3 contracts

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

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Payments due to Contract Capacity Reduction. 10.4.1 9.3.1 The Parties agree that the refund and payments provided in Section 9.1.2.6 8.1.2.5 represent a fair compensation for the reasonable losses that would result from such reduction of Contract Capacity. 10.4.2 9.3.2 In the event of a reduction in Contract Capacity, the quantity, in kW, by which the Contract Capacity is reduced shall be used to calculate the refunds and payments due Edison in accordance with Section 9.1.2.68.1.2.5, as applicable. 10.4.3 9.3.3 Edison shall provide invoices to Seller for all refunds and payments due Edison under this section Section 9 which shall be due within 60 days. 10.4.4 9.3.4 If Seller does not make payments as required in Section 10.4.39.2.3, Edison shall have the right to offset any amounts due it against any present or future payments due Seller and may pursue any other remedies available to Edison as a result of Seller's failure to perform.

Appears in 2 contracts

Samples: Power Purchase Contract (Ormat Technologies, Inc.), Power Purchase Contract (Ormat Technologies, Inc.)

Payments due to Contract Capacity Reduction. 10.4.1 9.3.1 The Parties agree that the refund and payments provided in Section 9.1.2.6 8.1.2.5 represent a fair compensation for the reasonable losses that would result from such reduction of Contract Capacity. 10.4.2 9.3.2 In the event of a reduction in Contract Capacity, the quantity, in kW, by which the Contract Capacity is reduced shall be used to calculate the refunds and payments due Edison in accordance with Section 9.1.2.68.1.2.5, as applicable. 10.4.3 9.3.3 Edison shall provide invoices to Seller for all refunds and payments due Edison under this section Section 9 which shall be due within 60 days. 10.4.4 9.3.4 If Seller does not make payments as required in Section 10.4.39.2.3, Edison shall have the right to offset any amounts due it against any present or future payments due Seller and may pursue pursuit any other remedies available to Edison as a result of Sellerseller's failure to perform.

Appears in 2 contracts

Samples: Power Purchase Contract (Ormat Technologies, Inc.), Power Purchase Contract (Ormat Technologies, Inc.)

Payments due to Contract Capacity Reduction. 10.4.1 9.2.1 The Parties agree that the refund and payments provided in Section 9.1.2.6 8.1.2.6 represent a fair compensation for the reasonable losses that would result from such reduction of Contract Capacity. 10.4.2 9.2.2 In the event of a reduction in Contract Capacity, the quantity, in kW, by which the Contract Capacity is reduced shall be used to calculate the refunds and payments due Edison in accordance with Section 9.1.2.68.1.2.6, as applicable. 10.4.3 9.2.3 Edison shall provide invoices to Seller for all refunds and payments due Edison under this section which shall be due within 60 days. 10.4.4 9.2.4 If Seller does not make payments as required in Section 10.4.39.2.3, Edison shall have the right to offset any amounts due it against any present or future payments due Seller and may pursue any other remedies available to Edison as a result of Seller's failure to perform.

Appears in 2 contracts

Samples: Power Purchase Contract (Ormat Technologies, Inc.), Power Purchase Contract (Ormat Technologies, Inc.)

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Payments due to Contract Capacity Reduction. 10.4.1 The Parties agree that the refund and payments provided in Section 9.1.2.6 9.1.2.5 represent a fair compensation for the reasonable losses that would result from such reduction of Contract Capacity. 10.4.2 In the event of a reduction in Contract Capacity, the quantity, in kW, by which the Contract Capacity is reduced shall be used to calculate the refunds and payments due Edison in accordance with Section 9.1.2.69.1.2.5, as applicable. 10.4.3 Edison shall provide invoices to Seller for all refunds and payments due Edison under this section which shall be due within 60 days. 10.4.4 If Seller does not make payments as required in Section 10.4.3, Edison shall have the right to offset any amounts due it against any present or future payments due Seller and may pursue any other remedies available to Edison as a result of Seller's failure to perform.

Appears in 2 contracts

Samples: Power Purchase Contract (Ormat Technologies, Inc.), Power Purchase Contract (Ormat Technologies, Inc.)

Payments due to Contract Capacity Reduction. 10.4.1 The Parties agree that the refund and payments provided in Section 9.1.2.6 represent a fair compensation for the reasonable losses that would result from such reduction of Contract Capacity. 10.4.2 In the event of a reduction in Contract Capacity, the quantity, in kW, by which the Contract Capacity is reduced shall be used to calculate the refunds and payments due Edison in accordance with Section 9.1.2.6, as applicable. 10.4.3 Edison shall provide invoices to Seller for all refunds and payments due Edison under this section which shall shall. be due within 60 days. 10.4.4 If Seller does not make payments as required in Section 10.4.3, Edison shall 'have the right to offset any amounts due it against any present or future payments due Seller and may pursue any other remedies available to Edison as a result of Seller's failure to perform.

Appears in 1 contract

Samples: Power Purchase Contract (Coso Power Developers)

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