Common use of Additional Seller Events of Default Clause in Contracts

Additional Seller Events of Default. An “Event of Default” shall also mean with respect to Seller the occurrence of any of the following: if Seller fails to satisfy any and all of the conditions set forth in Section 4.1.1 through Section 4.1.5 by the fortieth (40th) Business Day after the Guaranteed Energized Date or any approved extension thereof; or, if Seller fails to satisfy Section 4.1.6 by the Date of Initial REC Delivery; or, for Systems that are Energized and registered with PJM-EIS GATS or M-RETS after the Effective Date of this Agreement, if Seller fails to Deliver any REC pursuant to this Agreement from the System to Buyer within 90 calendar days (or 180 calendar days if the Final System Size is equal to or less than 5kW) of when System is Energized and registered with PJM-EIS GATS or M-RETS, or any approved extension thereof; or for Systems that are Energized and registered with PJM-EIS GATS or M-RETS on or prior to the Effective Date of this Agreement, if Seller fails to Deliver any REC pursuant to this Agreement from the System to Buyer within 90 calendar days (or 180 calendar days if the Final System Size is equal to or less than 5kW) of the Effective Date of this Agreement, or any approved extension thereof; or if Seller fails to Deliver any RECs pursuant to this Agreement from the System for a consecutive period of six (6) months during the Delivery Term, unless extended by Buyer at its sole discretion, which shall be exercised reasonably.