Common use of Defaults by Either Party Clause in Contracts

Defaults by Either Party. (a) A Party fails to make a payment when due under this Agreement if the failure (i) is not subject to a good faith dispute of the amount due under Section 10.4, and (ii) is not cured within fifteen (15) Business Days after the non-defaulting Party gives the defaulting Party a notice of the default.

Appears in 2 contracts

Sources: Power Purchase Agreement, Power Purchase Agreement