Receiver Default. 2 In the event of a Default by the Receiver the Provider shall be entitled to payment for the full expected 3 electricity production of the facility during the Term of this Agreement. The full cost shall be calculated by 4 multiplying the historical mean Net Electricity by the corresponding future energy purchase rates 5 identified in Section 6.2.
Receiver Default. RECEIVER, the process is made with a credit card in case of falling into default cardholder bank itself will pay interest within the framework of the credit card contract made with and assumed it would be responsible to the bank, and warrants. In this case, the bank may apply to the relevant legal way; probable costs and may request attorneys' fees from the receiver and all circumstances in the event of a drop in delinquencies due to the buyer's debt, RECEIVER, losses incurred by the vendor because of its performance lagged debt and agree to pay the damages, and warrants.
Receiver Default. In the event of a Default by the Receiver the Provider shall be entitled to payment for the full expected electricity production of the facility during the Term of this Agreement. The full cost shall be a lump sum calculated by multiplying the lesser of the historical mean full year Net Electricity or the original average energy forecast by the mean of the future energy purchase rates identified in Section 6.2, by the remaining number of years in the Term of this Agreement. Alternatively, the Receiver and Provider agree to use commercially reasonable efforts (which may include approaching potential alternate receivers) to cooperate to ensure the Provider receives an equal or greater payment during the remainder of the Term for energy production by the Generating Facility. This may include, but is not limited to, modifying the Supporting Infrastructure to generate energy directly on to the Utility’s distribution system. The Receiver shall be responsible for all upgrade costs and shall, if necessary, be responsible for trueing-up the rate received from the Utility to ensure that the Provider receives not less than the original rates defined in Section 6.2. In no event shall cooperative efforts under this clause be construed against the Forward Contract provisions of Section 14.9. The cooperative efforts of this clause shall be construed as using reasonable efforts to mitigate damages only. If the Provider is delayed or unable to complete its obligations under this Agreement as the direct result of a Receiver’s failure to meet one or more of its obligations under this Agreement, then the provider shall be entitled to a day for day extension of the Provider’s relevant obligations.
