Common use of Order Payment Clause in Contracts

Order Payment. The Order Payment (if any) that Buyer previously paid for the Products is now non-refundable, except in the circumstances described in Section 4(c). When this Agreement becomes effective, Tesla incurs significant costs preparing to install the Products. The Order Payment is a reasonable estimate of the damages Tesla would incur if Buyer cancels its order before the Products are installed.

Appears in 4 contracts

Sources: Tesla Agreement, Energy Storage Agreement, Energy Storage Agreement

Order Payment. The Order Payment (if any) that Buyer previously paid for the Products is now non-refundable, except in the circumstances described in Section 4(c)above. When this Agreement becomes effective, Tesla incurs significant costs preparing to install the Products. The Order Payment is a reasonable estimate of the damages Tesla would incur if Buyer cancels its order before the Products are installed.

Appears in 1 contract

Sources: Tesla Energy Products Purchase Agreement