Common use of Termination of Duty to Buy Clause in Contracts

Termination of Duty to Buy. If this Agreement is terminated because of an Event of Default by Seller, then neither Seller nor an Affiliate of Seller or any successor to Seller’s ownership in the Facility or the Premises, may, directly or indirectly, require or seek to require PacifiCorp to make any purchases from the Facility or any electric generation facility or storage facility constructed on the Premises under PURPA, or any other Requirements of Law, for any periods that would have been within the Term had this Agreement remained in effect for its full term.

Appears in 3 contracts

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

AutoNDA by SimpleDocs

Termination of Duty to Buy. If this Agreement is terminated because of an Event of Default by Seller, then neither Seller nor an Affiliate of Seller or any successor to Seller’s ownership in the Storage Facility or the Premises, may, directly or indirectly, require or seek to require PacifiCorp to make any purchases from the Storage Facility or any electric generation facility or storage facility constructed on the Premises under the Public Utility Regulatory Policies Act of 1978 (“PURPA”), or any other Requirements of Law, for any periods that would have been within the Term had this Agreement remained in effect for its full term.

Appears in 2 contracts

Samples: Energy Storage Agreement, Energy Storage Agreement

Termination of Duty to Buy. If this Agreement is terminated because of an Event of Default by Seller, then neither Seller nor an Affiliate of Seller or any successor to Seller’s ownership in the Facility or the Premises, may, directly or indirectly, require or seek to require PacifiCorp to make any purchases from the Facility or any electric generation facility or storage facility constructed on the Premises under PURPA, or any other Requirements of Law, for any periods that would have been within the Term had this Agreement remained in effect for its full term.

Appears in 2 contracts

Samples: Power Purchase Agreement, Power Purchase Agreement

Termination of Duty to Buy. If this Agreement is terminated because of an Event of Default by Seller, then neither Seller nor an Affiliate of Seller or any successor to Seller’s ownership in the Facility or the Premises, may, directly or indirectly, require or seek to require PacifiCorp to make any purchases from the Facility or any electric generation facility or storage facility constructed on the Premises under the Public Utility Regulatory Policies Act of 1978 (“PURPA”), or any other Requirements of Law, for any periods that would have been within the Term had this Agreement remained in effect for its full term.

Appears in 1 contract

Samples: Power Purchase Agreement

AutoNDA by SimpleDocs

Termination of Duty to Buy. If this Agreement is terminated because of an Event of Default by Seller, then neither Seller nor an Affiliate of Seller or any successor to Seller’s ownership in the Facility or the Premises, may, directly or indirectly, require or seek to require PacifiCorp to make any purchases from the Facility or any electric generation facility or storage facility constructed on the Premises under the Public Utility Regulatory Policies Act of 1978 (“PURPA”), or any other Requirements of Law, for any periods that would have been within the Term had this Agreement remained in effect for its full term.term.‌‌‌

Appears in 1 contract

Samples: Power Purchase Agreement

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!