Wholesale Renewable Energy Program. In the event that EKPC defaults on its obligation to sell renewable energy to Customer, other than as a result of a Force Majeure, at any time within the Term of this Agreement, EKPC shall pay Customer the difference, if positive, of the forward market value of equivalent renewable energy less the levelized cost of contracted renewable energy times the prior three years’ average production times the shorter of the Agreement Term or the remaining years of the renewable energy contract term(s) (the “Supplier Early Termination Payment”) within 30 days from the date EKPC defaults on its obligation to sell renewable energy hereunder; and
Appears in 5 contracts
Samples: Commercial and Industrial Renewable Energy Program Purchase Agreement, Commercial and Industrial Renewable Energy Program Purchase Agreement, Guaranty Agreement
