Common use of Right to Refuse Electricity Clause in Contracts

Right to Refuse Electricity. If "Physical Settlement" is specified as applying in Section A of Part I (Individual Terms) and if this § 15.3 is specified as applying in Section B of Part I (Individual Terms), to the extent a Party's obligation to deliver Certificates is released in accordance with § 15.2 (Release from Delivery and Acceptance Obligations), the Buyer shall have the right, but not the obligation, to refuse the delivery of electricity for such period of time the Seller's obligation is released, even if the Seller's ability to deliver electricity is unaffected by Force Majeure.

Appears in 12 contracts

Samples: Individual Power Purchase Agreement, Individual Power Purchase Agreement, Power Purchase Agreement

AutoNDA by SimpleDocs
Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!