Common use of Make Whole Payment Clause in Contracts

Make Whole Payment. In the event that an Unwind Start Date is declared by the Sleeve Provider in connection with a Reliant Event of Default or is declared by REPS in accordance with Section 2.06(b), in either case, within two years of the Effective Date, REPS shall pay to the Sleeve Provider the Make-whole Payment.

Appears in 2 contracts

Sources: Credit Sleeve and Reimbursement Agreement (Reliant Energy Inc), Credit Sleeve and Reimbursement Agreement (Reliant Energy Inc)

Make Whole Payment. In the event that an Unwind Start Date is declared by the Sleeve Provider in connection with a Reliant Event of Default or is declared by REPS in accordance with Section 2.06(b), in either case, within two years of the Initial Effective Date, REPS shall pay to the Sleeve Provider the Make-whole Payment.

Appears in 1 contract

Sources: Credit Sleeve and Reimbursement Agreement (Reliant Energy Inc)