Defaults by PacifiCorp Clause Samples
The "Defaults by PacifiCorp" clause defines the circumstances under which PacifiCorp is considered to be in default under the agreement. Typically, this clause outlines specific actions or failures—such as non-payment, failure to perform contractual obligations, or insolvency—that would constitute a default by PacifiCorp. For example, if PacifiCorp fails to make required payments or does not deliver services as agreed, these would trigger the default provisions. The core function of this clause is to clearly identify what constitutes a breach by PacifiCorp, thereby providing the other party with a basis for seeking remedies or terminating the contract if such defaults occur.
Defaults by PacifiCorp. PacifiCorp fails to receive any Net Output as and when required by this Agreement, and such default is not caused by Seller’s breach of its obligations under this Agreement or otherwise excused under the terms of this Agreement and PacifiCorp does not resume receiving Net Output within ten (10) days after Seller gives notice to PacifiCorp of such default.
Defaults by PacifiCorp. PacifiCorp fails to receive any Net Output (other than Compensable Curtailment Energy) as and when required by this Agreement, and such non- performance is not caused by Seller’s breach of its obligations under this Agreement or otherwise excused under the terms of this Agreement and PacifiCorp does not resume receiving Net Output within ten (10) days after Seller gives notice to PacifiCorp of such non-performance.