FAILURE TO DEMAND. If the Seller fails to take all steps necessary to demand moneys in writing under the Letter of Credit within the aforementioned thirty (30) days and to the extent that moneys are available to the Seller under the Letter of Credit, the provisions of Clauses 11.4 and 16.2(c) shall not apply following the thirtieth (30th) day after an invoice becomes due.
Appears in 1 contract
Sources: Power Purchase Agreement (Ormat Technologies, Inc.)
FAILURE TO DEMAND. If the Seller fails to take all steps necessary to demand moneys in writing under the a Letter of Credit within the aforementioned thirty (30) days and to the extent that moneys are available to the Seller under the a Letter of Credit, the provisions of Clauses 11.4 and 16.2(c) shall not apply following the thirtieth (30th) day after an invoice becomes due.
Appears in 1 contract
Sources: Power Purchase Agreement (Ormat Technologies, Inc.)