Termination for Power Producer Default. Upon the occurrence of an event of default as set out in sub-clause 10.2.1 above, GUVNL may deliver a “Default Notice” to the Power Producer in writing, with a copy to the representative of the lenders to the Power producer with whom the Power Producer has executed the Financing Agreements which shall specify in reasonable detail the Event of Default giving rise to the default notice, and calling upon the Power Producer to remedy the same. Where a “Default Notice” has been issued with respect to an Event of Default, which requires the co-operation of both GUVNL and the Power Producer to remedy, GUVNL shall render all reasonable co-operation to enable the Event of Default to be remedied without any legal obligations.
Termination for Power Producer Default. Upon the occurrence of an event of default as set out in sub-clause 10.2.1 above, GUVNL may deliver a “Default Notice” to the Power Producer in writing, with a copy to the representative of the lenders to the Power producer with whom the Power Producer has executed the Financing Agreements which shall specify in reasonable detail the Event of Default giving rise to the default notice, and calling upon the Power Producer to remedy the same. Where a “Default Notice” has been issued with respect to an Event of Default, which requires the co-operation of both GUVNL and the Power Producer to remedy, GUVNL shall render all reasonable co-operation to enable the Event of Default to be remedied without any legal obligations. Upon being in default, the Power Producer shall be liable to pay to GUVNL the damages, as provided in Clause 3.3 of the PPA for failure to commission within stipulated time and Clause 3.1 (iv)(b) for failure to supply power in terms of the PPA. For other cases, the damages shall be as under.
Termination for Power Producer Default. Upon the occurrence of an event of default as set out in sub-clause 10.2.1 above, DISCOM may deliver a “Default Notice” to the Power Producer in writing, with a copy to the representative of the lenders to the Power producer with whom the Power Producer has executed the Financing Agreements which shall specify in reasonable detail the Event of Default giving rise to the default notice, and calling upon the Power Producer to remedy the same. Where a “Default Notice” has been issued with respect to an Event of Default, which requires the co-operation of both DISCOM and the Power Producer to remedy, DISCOM shall render all reasonable co-operation to enable the Event of Default to be remedied without any legal obligations.
Termination for Power Producer Default. Upon the occurrence of an event of default as set out in sub-clause 10.2.1 above, XXX may deliver a “Default Notice” to the Power Producer in writing, with a copy to the representative of the lenders to the Power producer with whom the Power Producer has executed the Financing Agreements which shall specify in reasonable detail the Event of Default giving rise to the default notice, and calling upon the Power Producer to remedy the same. Where a “Default Notice” has been issued with respect to an Event of Default, which requires the co-operation of both JIL and the Power Producer to remedy, JIL shall render all reasonable co-operation to enable the Event of Default to be remedied without any legal obligations.
