Common use of Effect of Termination/Survival of Obligations Clause in Contracts

Effect of Termination/Survival of Obligations. Any default under or termination of this Agreement or expiration of the Term shall not release either Party from any applicable provisions of this Agreement with respect to: 2.4.1 The payment of any amounts owed to the other Party arising prior to or resulting from termination of, or on account of breach of, this Agreement; 2.4.2 Indemnity obligations contained in Section 19 (Indemnification), which shall survive to the full extent of the statute of limitations period applicable to any third parry claim; 2.4.3 Limitation of liability provisions contained in Section 20 (Limitation of Liability); 2.4.4 For a period of one (1) year after the termination date, the right to submit a payment dispute pursuant to Section 22 (Disputes); 2.4.5 The resolution of any dispute submitted pursuant to Section 22 (Disputes) prior to, or resulting from, termination; or 2.4.6 The obligations under Section 36 (Confidentiality).

Appears in 2 contracts

Sources: Power Purchase Agreement (Nevada Geothermal Power Inc), Power Purchase Agreement (Nevada Geothermal Power Inc)

Effect of Termination/Survival of Obligations. Any default under or termination of this Agreement or expiration of the Term shall not release either Party from any applicable provisions of this Agreement with respect to: 2.4.1 The payment of any amounts owed to the other Party arising prior to or resulting from termination of, or on account of breach of, this Agreement; 2.4.2 Indemnity obligations contained in Section 19 (Indemnification), which shall survive to the full extent of the statute of limitations period applicable to any third parry party claim; 2.4.3 Limitation of liability provisions contained in Section 20 (Limitation of Liability); 2.4.4 For a period of one (1) year after the termination date, the right to submit a payment dispute pursuant to Section 22 (Disputes); 2.4.5 The resolution of any dispute submitted pursuant to Section 22 (Disputes) prior to, or resulting from, termination; or 2.4.6 The obligations under Section 36 (Confidentiality).

Appears in 1 contract

Sources: Power Purchase Agreement (Brady Power Partners)