Common use of Termination by Xxxxx Clause in Contracts

Termination by Xxxxx. If Buyer terminates this Agreement because of an Event of Default by Seller that occurs 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 where: “∑” is the summation over the remainder of the Services N Term.

Appears in 3 contracts

Samples: Power Purchase Agreement, Power Purchase Agreement, Power Purchase Agreement

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Termination by Xxxxx. If Buyer terminates this Agreement because of an Event of Default by Seller that occurs 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 where: “∑” is the summation over the remainder of the Services N Term.:

Appears in 3 contracts

Samples: Power Purchase Agreement, Power Purchase Agreement, Power Purchase Agreement

Termination by Xxxxx. If Buyer terminates this Agreement because of an Event of Default by Seller that occurs 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 where: “∑” is the summation over the remainder of the Services Term. N Term.

Appears in 2 contracts

Samples: Power Purchase Agreement, Power Purchase Agreement

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Termination by Xxxxx. If Buyer terminates this Agreement because of an Event of Default by Seller that occurs 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 where: “∑” is the summation over the remainder of the Services N Term.

Appears in 1 contract

Samples: Power Purchase Agreement

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