Common use of Procedure for cases of Seller Event of Default Clause in Contracts

Procedure for cases of Seller Event of Default. 10.3.1 Upon the occurrence and continuation of any Seller Event of Default under Article10.1, the Procurer shall have the right to deliver to the Seller a notice, of their intention to terminate this Agreement (Procurer Preliminary Default Notice), which shall specify in reasonable detail, the circumstances giving rise to the issue of such notice;

Appears in 2 contracts

Samples: Power Purchase Agreement, Power Purchase Agreement

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Procedure for cases of Seller Event of Default. 10.3.1 13.3.1 Upon the occurrence and continuation of any Seller Event of Default under Article10.1clause 13.1, the Procurer shall have the right to deliver to the Seller a notice, of their intention to terminate this Agreement (Procurer Preliminary Default Notice), which shall specify in reasonable detail, the circumstances giving rise to the issue of such notice;.

Appears in 2 contracts

Samples: Power Purchase Agreement (BioCrude Technologies USA, Inc.), Power Purchase Agreement (BioCrude Technologies USA, Inc.)

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Procedure for cases of Seller Event of Default. 10.3.1 11.3.1 Upon the occurrence and continuation of any Seller Event of Default under Article10.1Article 11.1, the Procurer shall have the right to deliver to the Seller a noticenotice with a copy to the Appropriate Commission and the Lenders’ Representative(if substitution rights agreed to be provided) [To be inserted if subsititution rights are demanded to be provided by the Seller] , of their intention to terminate this Agreement (Procurer Preliminary Default Notice), which shall specify in reasonable detail, the circumstances giving rise to the issue of such notice;.

Appears in 1 contract

Samples: Power Purchase Agreement

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