Common use of When Substitute Power is Procured Clause in Contracts

When Substitute Power is Procured. If Seller is able to --------------------------------- resume delivery of Electric Energy from the Unit(s) prior to the expiration of any arrangements (entered into based on Seller's instructions) where Buyer is procuring Substitute Power at Seller's direction in accordance with Section 4.7.3 then, at Seller's direction, Buyer shall use commercially reasonable efforts to liquidate or unwind the Substitute Power arrangements at Prevailing Market Prices and any gain or loss realized by Buyer will be for the Seller's own account.

Appears in 2 contracts

Samples: Power Sales Agreement (Dominion Resources Inc /Va/), Power Sales Agreement (Dominion Resources Inc /Va/)

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When Substitute Power is Procured. If Seller is able to --------------------------------- resume delivery of Electric Energy from the Unit(s) prior to the expiration of any arrangements (entered into based on Seller's instructions) where Buyer is procuring Substitute Power at Seller's direction in accordance with Section 4.7.3 then, at Seller's direction, Buyer shall use commercially reasonable efforts to liquidate or unwind the Substitute Power arrangements at Prevailing Market Prices and any gain or loss realized by Buyer will be for the Seller's own account.

Appears in 2 contracts

Samples: Power Sales Agreement (Aquila Inc), Power Sales Agreement (Aquila Inc)

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