Common use of Receiver Default Clause in Contracts

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.

Appears in 4 contracts

Samples: Renewable Energy Agreement, Renewable Energy Agreement, Renewable Energy Agreement

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