Common use of Remedies for Payment Default Clause in Contracts

Remedies for Payment Default. If a Payment Default occurs, the Non-Defaulting Party may suspend performance of its obligations under this Agreement. Further, the Non-Defaulting Party may (A) at any time during the continuation of the Default Event, terminate this Agreement upon five (5) days prior written notice to the Defaulting Party, and (B) pursue any remedy under this Agreement, at law or in equity, including an action for damages.

Appears in 21 contracts

Samples: Solar Carport Lease Agreement, Solar Carport Lease Agreement, Solar Power Purchase Agreement

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Remedies for Payment Default. If a Payment Default occurs, the Non-Defaulting Party may suspend performance of its obligations under this Agreement. Further, the Non-Defaulting Party may (A) at any time during the continuation of the Default Event, terminate this Agreement upon five (5) days prior written notice to the Defaulting Party, and (B) pursue any remedy under this Agreement, at law or in equity, including an action for damagesdamages and termination of this Agreement, upon five (5) days prior written notice to the Defaulting Party following the Payment Default.

Appears in 5 contracts

Samples: Solar Power Purchase Agreement, Solar Power Purchase Agreement, Performance Guarantee Agreement

Remedies for Payment Default. If a Payment Default occurs, the Non-Non- Defaulting Party may suspend performance of its obligations under this Agreement. Further, the Non-Defaulting Party may (A) at any time during the continuation of the Default Event, terminate this Agreement upon five (5) days prior written notice to the Defaulting Party, and (B) pursue any remedy under this Agreement, at law or in equity, including an action for damages.five

Appears in 2 contracts

Samples: Solar Power Purchase Agreement, Solar Power Purchase Agreement

Remedies for Payment Default. If a Payment Default occurs, the Non-Defaulting Party may suspend performance of its obligations under this Agreement. Further, the Non-Defaulting Party may (A) at any time during the continuation of the Default Event, terminate this Agreement upon five fourteen (514) days prior written notice to the Defaulting Party, and (B) pursue any remedy under this Agreement, at law or in equity, including an action for damages.

Appears in 2 contracts

Samples: Solar Power Purchase Agreement, Solar Power Purchase Agreement

Remedies for Payment Default. If a Payment Default occurs, the Non-Defaulting Party may suspend performance of its obligations under this AgreementAgreement (which includes, if Service Provider is the Non- Defaulting Party, disconnecting the Systems). Further, the Non-Defaulting Party may (A) at any time during the continuation of the Default Event, terminate this Agreement upon five (5) days prior written notice to the Defaulting Party, and (B) pursue any remedy under this Agreement, at law or in equity, including an action for damagesdamages and termination of this Agreement, upon fifteen (15) days’ prior written notice to the Defaulting Party following the Payment Default.

Appears in 1 contract

Samples: Solar Power Purchase Agreement

Remedies for Payment Default. If a Payment Default occurs, the Non-Non- Defaulting Party may suspend performance of its obligations under this Agreement. Further, the Non-Defaulting Party may (A) at any time during the continuation of the Default Event, terminate this Agreement upon five (5) days prior written notice to the Defaulting Party, and (B) pursue any remedy under this Agreement, at law or in equity, including an action for damagesdamages and termination of this Agreement, upon five (5) days prior written notice to the Defaulting Party following the Payment Default. If Purchaser terminates this contract without cause prior to the System Installation a $5,000 design cancellation fee shall also apply in addition to any other remedy available to Seller.

Appears in 1 contract

Samples: Solar Services Agreement

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Remedies for Payment Default. If a Payment Default occurs, the Non-Defaulting Party may suspend performance of its obligations under this Agreement. Further, the Non-Defaulting Party may (A) at any time during the continuation of the Default Event, terminate this Agreement upon five (5) days prior written notice to the Defaulting Party, and (B) pursue any remedy under this Agreement, at law or in equity, including an action for damagesdamages and may terminate this Agreement, upon five (5) days prior written notice to the Defaulting Party following the Payment Default.

Appears in 1 contract

Samples: Solar Power Purchase Agreement

Remedies for Payment Default. If a Payment Default occurs, the Non-Defaulting Party may suspend performance of its obligations under this Agreement. Further, the Non-Defaulting Party may (A) at any time during the continuation of the Default Event, terminate this Agreement upon five (5) days prior written notice to the Defaulting Party, and (B) pursue any remedy under this Agreement, at law or in equity, including an action for damagesinitiate legal action.

Appears in 1 contract

Samples: Power Purchase Agreement

Remedies for Payment Default. If a Payment Default occurs, the Non-Non‐ Defaulting Party may suspend performance of its obligations under this Agreement. Further, the Non-Defaulting Non‐Defaulting Party may (A) at any time during the continuation of the Default Event, terminate this Agreement upon five (5) days prior written notice to the Defaulting Party, and (B) pursue any remedy under this Agreement, at law or in equity, including an action for damages.

Appears in 1 contract

Samples: Solar Power Purchase Agreement

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