Common use of Survival of Obligations upon Withdrawal Clause in Contracts

Survival of Obligations upon Withdrawal. (a) The obligations of a Party upon its withdrawal from the Agreement and any obligations of that Party under the Agreement at the time of its withdrawal shall survive the withdrawal of the Party from the Agreement. Upon the withdrawal of a Party from this Agreement, final settlement of the obligations of such Party under Articles 9, 11, 12, and 17 of this Agreement shall include the accounting through the date established pursuant to Sections 6.1.1 and 6.1.2.

Appears in 6 contracts

Samples: Reliability Assurance Agreement (Indiana Michigan Power Co), Reliability Assurance Agreement (American Electric Power Co Inc), Reliability Assurance Agreement (Columbus Southern Power Co /Oh/)

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Survival of Obligations upon Withdrawal. (a) The obligations of a Party upon its withdrawal from the this Agreement and any obligations of that Party under the this Agreement at the time of its withdrawal shall survive the withdrawal of the Party from the this Agreement. Upon the withdrawal of a Party from this Agreement, final settlement of the obligations of such Party under Articles 9, 11, 12, 7 and 17 11 of this Agreement shall include the accounting through the date established pursuant to Sections 6.1.1 5.1.1 and 6.1.25.1.2.

Appears in 2 contracts

Samples: Reliability Assurance Agreement, Reliability Assurance Agreement

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Survival of Obligations upon Withdrawal. (a) The obligations of a Party upon its withdrawal from the this Agreement and any obligations of that Party under the this Agreement at the time of its withdrawal shall survive the withdrawal of the Party from the this Agreement. Upon the withdrawal of a Party from this Agreement, final settlement of the obligations of such Party under RAA, Articles 97 and RAA, 11, 12, and 17 Article 11 of this Agreement shall include the accounting through the date established pursuant to Sections 6.1.1 and 6.1.2.RAA, Article 5, sSections

Appears in 1 contract

Samples: pjm.com

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