Common use of Default Security Clause in Contracts

Default Security. If this Agreement is terminated because of Seller’s default, PacifiCorp may proceed against any Default Security provided pursuant to Section 7.2 to reduce any amounts that Seller owes PacifiCorp arising from such default.

Appears in 2 contracts

Sources: Power Purchase Agreement, Power Purchase Agreement

Default Security. If this Agreement is terminated because of Seller’s default, PacifiCorp may proceed against any Default Security provided pursuant to Section 7.2 7.1 to reduce any amounts that Seller owes PacifiCorp arising from such default.

Appears in 1 contract

Sources: Power Purchase Agreement

Default Security. If this Agreement is terminated because of Seller’s default, PacifiCorp may proceed against any Default Security provided pursuant to Section 7.2 8.2 to reduce any amounts that Seller owes PacifiCorp arising from such default.

Appears in 1 contract

Sources: Power Purchase Agreement