Termination by Buyer On or After Commercial Operation Date. If Buyer terminates this Agreement because of an Event of Default by Seller occurring on or after the Commercial Operation Date, the Termination Payment due to Buyer shall be equal to the amount, if positive, calculated according to the following formula:
Appears in 11 contracts
Samples: Power Purchase Agreement, Power Purchase Agreement, Power Purchase Agreement
Termination by Buyer On or After Commercial Operation Date. If Buyer terminates this Agreement because of an Event of Default by Seller occurring on or after the Commercial Operation Date, the Termination Payment due to Buyer shall be equal to the greater of:
(i) the security provided in accordance with Article 6, or (ii) the amount, if positive, calculated according to the following formula:
Appears in 8 contracts
Samples: Power Purchase Agreement, Power Purchase Agreement, Power Purchase Agreement
Termination by Buyer On or After Commercial Operation Date. If Buyer terminates this Agreement because of an Event of Default by Seller [occurring on or after the Commercial Operation Date], the Termination Payment due to Buyer shall be equal to the greater of: (i) the Credit Support amount required from Seller under Article 6, or (ii) the amount, if positive, calculated according to the following formula:
Appears in 1 contract
Samples: Power Purchase Agreement
Termination by Buyer On or After Commercial Operation Date. If Buyer terminates this Agreement because of an Event of Default by Seller occurring on or after the Commercial Operation Date, the Termination Payment due to Buyer shall be equal to the amount, if positive, calculated according to the following formula:: Σ(RV – CV) + P N Term. “Σ” is the summation overfor each of the remainderremaining N years of the Services N
Appears in 1 contract
Samples: Power Purchase Agreement
Termination by Buyer On or After Commercial Operation Date. If Buyer terminates this Agreement because of an Event of Default by Seller occurring on or after the Commercial Operation Date, the Termination Payment due to Buyer shall be equal to the amount, if positive, calculated according to the following formula:: ∑(RV – CV) + P N “∑” is the summation for each of the remaining N years of the Services Term. N
Appears in 1 contract
Samples: Power Purchase Agreement
Termination by Buyer On or After Commercial Operation Date. If Buyer terminates this Agreement because of an Event of Default by Seller occurring on or after the Commercial Operation Date, the Termination Payment due to Buyer shall be equal to the amount, if positive, calculated according to the following formulagreater of:
Appears in 1 contract
Samples: Power Purchase Agreement
Termination by Buyer On or After Commercial Operation Date. If Buyer terminates this Agreement because of an Event of Default by Seller occurring on or after the Commercial Operation Date, the Termination Payment due to Buyer shall be equal to the amount, if positive, calculated according to the following formula:: ∑(RV – CV) + P N “∑” is the summation over the remainder of the Services Term. N
Appears in 1 contract
Samples: Power Purchase Agreement
