Common use of Substitute Power Clause in Contracts

Substitute Power. Any request by Seller that Buyer procure Substitute Power shall be in accordance with the following: 4.7.3.1 Seller shall request Buyer to obtain quotes for Substitute Power on Seller's behalf at Prevailing Market Prices, which instructions shall include information as to whether such Substitute Power shall be obtained on a block or hourly basis. 4.7.3.2 Buyer shall use commercially reasonable efforts to obtain such Substitute Power at Prevailing Market Prices. 4.7.3.3 Subject to Section 4.7.4 at the end of each month, in conjunction with regular xxxxxxxx, if Substitute Power arranged by Buyer is not delivered, Buyer shall pay or credit to Seller any cost of cover damages Buyer receives from the entity that is the source of such Substitute Power.

Appears in 2 contracts

Samples: Power Sales Agreement (Aquila Inc), Power Sales Agreement (Aquila Inc)

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Substitute Power. Any request by Seller that Buyer ---------------- procure Substitute Power shall be in accordance with the following: 4.7.3.1 Seller shall request Buyer to obtain quotes for Substitute Power on Seller's behalf at Prevailing Market Prices, which instructions shall include information as to whether such Substitute Power shall be obtained on a block or hourly basis. 4.7.3.2 Buyer shall use commercially reasonable efforts to obtain such Substitute Power at Prevailing Market Prices. 4.7.3.3 Subject to Section 4.7.4 at the end of each month, in conjunction with regular xxxxxxxx, if Substitute Power arranged by Buyer is not delivered, Buyer shall pay or credit to Seller any cost of cover damages Buyer receives from the entity that is the source of such Substitute Power.

Appears in 1 contract

Samples: Power Sales Agreement (Dominion Resources Inc /Va/)

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Substitute Power. Any request by Seller that Buyer ----------------- procure Substitute Power shall be in accordance with the following: 4.7.3.1 Seller shall request Buyer to obtain quotes for Substitute Power on Seller's behalf at Prevailing Market Prices, which instructions shall include information as to whether such Substitute Power shall be obtained on a block or hourly basis. 4.7.3.2 Buyer shall use commercially reasonable efforts to obtain such Substitute Power at Prevailing Market Prices. 4.7.3.3 Subject to Section 4.7.4 at the end of each month, in conjunction with regular xxxxxxxx, if Substitute Power arranged by Buyer is not delivered, Buyer shall pay or credit to Seller any cost of cover damages Buyer receives from the entity that is the source of such Substitute Power.

Appears in 1 contract

Samples: Power Sales Agreement (Dominion Resources Inc /Va/)

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