Common use of Security is Not a Limit on Seller’s Liability Clause in Contracts

Security is Not a Limit on Seller’s Liability. The Credit Support and Security Interests contemplated by this Section 7: (a) constitutes security for, but is not a limitation of, Seller’s obligations under this Agreement, and (b) shall not be Buyer’s exclusive remedy for Seller’s failure to perform in accordance with this Agreement. To the extent that Xxxxx draws on the Credit Support, Seller shall within five (5) Business Days reinstate the security to the full amount required by this Section 7.

Appears in 11 contracts

Samples: Tolling Agreement, Tolling Agreement, Power Purchase Agreement

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Security is Not a Limit on Seller’s Liability. The Credit Support and Security Interests contemplated by this Section 7: (a) constitutes security for, but is not a limitation of, Seller’s obligations under this Agreement, and (b) shall not be Buyer’s exclusive remedy for Seller’s failure to perform in accordance with this Agreement. To the extent that Xxxxx Buyer draws on the Credit Support, Seller shall within five (5) Business Days reinstate the security to the full amount required by this Section 7.

Appears in 7 contracts

Samples: Power Purchase Agreement, Tolling Agreement, Power Purchase Agreement

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