Common use of Termination Damages Clause in Contracts

Termination Damages. If this Agreement is terminated as a result of an Event of Default by one of the Parties, then the Non-Defaulting Party shall be entitled to exercise all rights and remedies provided for in this Agreement or available at law or in equity. Notwithstanding anything to the contrary contained in this Agreement, the Non-Defaulting Party shall under no circumstances be required to account for or otherwise credit or pay the Defaulting Party for economic benefits accruing to the Non-Defaulting Party as a result of the Defaulting Party’s Event of Default.

Appears in 5 contracts

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

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