Common use of Seller’s Rights and Remedies Clause in Contracts

Seller’s Rights and Remedies. If at any time a termination date has occurred or been designated as the result of an Event of Default with respect to Buyer, in addition to any rights and remedies under Section 8.3, Buyer will be obligated immediately to return all Posted Collateral provided by Seller, including any accrued interest to Seller.

Appears in 4 contracts

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

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Seller’s Rights and Remedies. If at any time a termination date has occurred or been designated as the result of an Event of Default with respect to Buyer, in addition to any rights and remedies under Section 8.3, Buyer,(i) Buyer will be obligated immediately to return all Posted Collateral provided by Seller, including any accrued interest to Seller, and (ii) Buyer will pay the termination penalty pursuant to section 8.3.

Appears in 1 contract

Samples: Power Purchase Agreement

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