EVENTS OF DEFAULT AND EARLY TERMINATION. 5.01 Events of Default 13 5.02 Early Termination by the Purchaser 14 5.03 Calculation of Termination Payment 14 5.04 Surety Bond 15 5.05 The Purchaser's Failure to Accept Delivery 17 6.01 Events of Change 17 6.02 Accelerated Termination 18 6.03 Payments on Accelerated Termination 18 7.01 Notice 19 7.02 Interest on Overdue Amounts 20 7.03 Governing Law 20 7.04 Severability 20 7.05 Currency 20 7.06 The Purchaser Not an Agent 20 7.07 Benefit of the Agreement 20 7.08 Assignment and Transfer 20 7.09 Entire Agreement 21 7.10 Amendments 21 7.11 No Waivers, Remedies 21 7.12 Time of the Essence 21 7.13 Counterparts 21 7.14 Margin Agreement 21 7.15 Intent 21 7.16 Disclosure of Information 21 Annex 1 Annex 2 Exhibit A - Form of Surety Bond Written Notice Exhibit B - Form of Surety Bond This NATURAL GAS INVENTORY FORWARD SALE CONTRACT is entered into as of December ___, 2000, by and between Enron North America Corp., a corporation incorporated under the laws of the State of Delaware and having its principal place of business in Houston, Texas (hereinafter referred to as the "Seller"), and Mahonia Natural Gas Limited, a company incorporated under the laws of Jersey and having its registered office at ▇▇ ▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇, ▇▇. ▇▇▇▇▇▇, ▇▇▇▇▇▇ (hereinafter, together with its permitted assignees, referred to as the "Purchaser").
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EVENTS OF DEFAULT AND EARLY TERMINATION. 5.01 Events of Default 13 5.02 Early Termination by the Purchaser 14 5.03 Calculation of Termination Payment 14 5.04 Surety Bond 15 5.05 The Purchaser's Failure to Accept Delivery 17 6.01 Events of Change 17 6.02 Accelerated Termination 18 6.03 Payments on Accelerated Termination 18 7.01 Notice 19 7.02 Interest on Overdue Amounts 20 7.03 Governing Law 20 7.04 Severability 20 7.05 Currency 20 21 7.06 The Purchaser Not an Agent 20 21 7.07 Benefit of the Agreement 20 21 7.08 Assignment and Transfer 20 21 7.09 Entire Agreement 21 7.10 Amendments 21 7.11 No Waivers, Remedies 21 7.12 Time of the Essence 21 7.13 Counterparts 21 22 7.14 Margin Agreement 21 22 7.15 Intent 21 22 7.16 Disclosure of Information 21 22 Annex 1 Annex 2 Exhibit A - Form of Surety Bond Written Notice Exhibit B - Form of Surety Bond This NATURAL GAS INVENTORY FORWARD SALE CONTRACT is entered into as of June 28 December ___, 2000, by and between Enron North America Corp., a corporation incorporated under the laws of the State of Delaware and having its principal place of business in Houston, Texas (hereinafter referred to as the "Seller"), and Mahonia Natural Gas Limited, a company incorporated under the laws of Jersey and having its registered office at ▇▇ ▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇, ▇▇. ▇▇▇▇▇▇, ▇▇▇▇▇▇ (hereinafter, together with its permitted assignees, hereinafter referred to as the "Purchaser").
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