Common use of Default Security Clause in Contracts

Default Security. Buyer may apply the Credit Support Security at any time to reduce amounts due from Seller to Buyer under this Agreement which are not paid when due.

Appears in 7 contracts

Sources: Tolling Agreement, Tolling Agreement, Power Purchase Agreement

Default Security. Buyer may apply the Credit Support Security at any time to reduce amounts due from Seller to Buyer under this Agreement which are not paid when due▇▇▇.▇▇▇▇▇▇ Support Security. Buyer may apply the Credit Support Security at any time to reduce amounts due from Seller to Buyer under this Agreement which are not paid when due.‌

Appears in 1 contract

Sources: Power Purchase Agreement

Default Security. Buyer may apply the Credit Support Security at any time to reduce amounts due from Seller to Buyer under this Agreement which are not paid when due.. 48‌ SECTION 11

Appears in 1 contract

Sources: Tolling Agreement