Common use of Suspension of Payment Obligation Clause in Contracts

Suspension of Payment Obligation. If litigation is commenced by anyone challenging CEQA compliance for, or the validity of, any Monterey Amendment (or any portion thereof), including matters pertaining to the Xxxx Fan Element Transaction, the monetary obligations of DWR under Section VI(B)(3) shall be suspended until the date that is forty-five (45) days after conclusion of such litigation (without further right of appeal) in a manner that does not invalidate any Monterey Amendment (or any portion thereof) or the Xxxx Fan Element Transaction. Within thirty (30) days after final conclusion of any such litigation in said manner, DWR shall pay to Plaintiffs any amounts then owing under this Section VI.

Appears in 2 contracts

Samples: Account Agreement, Account Agreement

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Suspension of Payment Obligation. If litigation is commenced by anyone challenging CEQA compliance for, or the validity of, any Monterey Amendment (or any portion thereof), including matters pertaining to the Xxxx Fan Element Transaction, the monetary obligations of DWR under Section VI(B)(3IV(A)(2)(b) shall be suspended until the date that is forty-five (45) days after final conclusion of such that litigation (without further right of appeal) in a manner that does not invalidate any Monterey Amendment (or any portion thereof) or the Xxxx Fan Element Transaction. Within thirty (30) days after final conclusion of any such litigation in said manner, DWR shall pay to Plaintiffs Plumas any amounts then owing owed by DWR under this Section VIIV.

Appears in 2 contracts

Samples: Account Agreement, Account Agreement

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