Common use of Multiple Agreements Clause in Contracts

Multiple Agreements. It is the intention of the Company and the TOU Supplier that, in the event the TOU Supplier is a party to other agreements with the Company for the provision of TOU Supply, default service supply, or AECs that existed prior to the Effective Date of this Agreement or are entered into after the Effective Date of this Agreement, and an Event of Default has occurred under any such agreements, all such agreements may be considered, at the Company’s reasonable discretion, to be in default, and the Company will calculate a single Termination Payment applicable to all such agreements as set forth herein.

Appears in 1 contract

Sources: Time of Use Supplier Master Agreement

Multiple Agreements. It is the intention of the Company and the TOU Supplier that, in the event the TOU Supplier is a party to other agreements with the Company for the provision of TOU Supply, default service supplyservice, or AECs that existed prior to the Effective Date of this Agreement or are entered into after the Effective Date of this Agreement, and an Event of Default has occurred under any such agreements, all such agreements may be considered, at the Company’s reasonable discretion, to be in default, and the Company will calculate a single Termination Payment the Margin applicable to all such agreements as set forth hereinbased upon the terms and conditions of the applicable agreements.

Appears in 1 contract

Sources: Time of Use Supplier Master Agreement