Common use of Sales to Third Parties Clause in Contracts

Sales to Third Parties. One hundred percent (100%) of the Products from the Project shall be dedicated exclusively to PGE for so long as this Agreement is in force and effect and no PGE Event of Default exists. When an undisputed PGE Event of Default has occurred and has not been satisfied by the applicable cure period, and is continuing, Seller may sell, divert, grant, transfer or assign Products to any Person and divert, redirect or make available the Project or any resource therefrom to any Person, and Seller shall receive and be entitled to all revenue therefrom. PGE shall retain the right to Discharging Energy that is already within the Storage Facility at the time the Event of Default arises (if any). Seller shall retain the right to discharge energy that is already within the Storage Facility at the time the Event of Default is resolved (if any), for which Seller has paid for the Charging Energy.

Appears in 3 contracts

Samples: Wholesale Renewable Power and Storage Capacity Purchase Agreement, Wholesale Renewable Power and Storage Capacity Purchase Agreement, Wholesale Renewable Power and Storage Capacity Purchase Agreement

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Sales to Third Parties. One hundred percent (100%) of the Products Product from the Project shall be dedicated exclusively to PGE Buyer for so long as this Agreement is in force and effect and no PGE Buyer Event of Default exists. When an undisputed PGE Buyer Event of Default has occurred and has not been satisfied by the applicable cure period, and is continuing, Seller may sell, divert, grant, transfer or assign Products Product to any Person and divert, redirect or make available the Project or any resource therefrom to any Person, and Seller shall receive and be entitled to all revenue therefrom. PGE Buyer shall retain the right to Discharging Energy that is already within the Storage Facility Project at the time the Event of Default arises (if any). Seller shall retain the right to discharge energy that is already within the Storage Facility Project at the time the Event of Default is resolved (if any), for which Seller has paid for the Charging Energy.

Appears in 2 contracts

Samples: Storage Capacity Agreement, Storage Capacity Agreement

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