Suspension of Delivery. Should a Party (the "Defaulting Party") default on any payment that is due under this Contract or any other contracts between the Parties, the Non-Defaulting Party shall be entitled, no earlier than three (3) Banking Days after sending a written notice to the Defaulting Party to immediately cease further deliveries of electric energy and be released and not merely suspended from its underlying delivery obligations under the Contract until such time as the Non-Defaulting Party has received either the required Letter of Credit /Bank Guarantee or full payment (including all applicable default interest and expenses) of all outstanding amounts owed under this Contract to the Non- Defaulting party.
Appears in 6 contracts
Samples: Contract for Energy Delivery, Energy Delivery Contract, Contract for Energy Delivery
