Common use of Payment of Termination Payment Clause in Contracts

Payment of Termination Payment. The Party owing a Termination Payment hereunder shall make the Termination Payment within fifteen (15) Business Days after the calculation of the Termination Payment, including supporting detail as provided in Section 11.2 above, is delivered to such Party by the Party to which the Termination Payment is owed. If the Party owing the Termination Payment disputes the other Party’s calculation of the Termination Payment, in whole or in part, the Party owing the Termination Payment shall, within ten (10) Business Days of receipt of the other Party’s calculation of the Termination Payment, provide to such other Party a detailed written explanation of the basis for such dispute; provided, however, if the Seller owes a Termination Payment it shall first transfer Performance Assurance to the Buyer, if applicable, in an amount equal to the Termination Payment calculated by the Buyer. If the Parties are unable to resolve the dispute within thirty (30) days, Article XIV shall apply.

Payment of Termination Payment. The Party owing a Termination Payment hereunder shall make the Termination Payment within fifteen (15) Business Days after the calculation of the Termination Payment, including supporting detail as provided in Section 11.2 above, Payment is delivered to such Party by the Party to which the Termination Payment is owed. If the Party owing the Termination Payment disputes the other Party’s 's calculation of the Termination Payment, in whole or in part, the Party owing the Termination Payment shall, within ten five (105) Business Days of receipt of the other Party’s 's calculation of the Termination Payment, provide to such other Party a detailed written explanation of the basis for such dispute; provided, . however, if . that the Seller owes a Party owing the Termination Payment it shall first transfer Performance Assurance to the Buyerother Party, if applicable, in an amount equal to the Termination Payment calculated by the Buyerother Party. If the Parties are unable to resolve the dispute within thirty (30) days, Article XIV shall apply.

Payment of Termination Payment. The Party owing a Termination Payment hereunder shall make the Termination Payment within fifteen (15) Business Days after the calculation of the Termination Payment, including supporting detail as provided in Section 11.2 above, is delivered to such Party by the Party to which the Termination Payment is owed. If the Party owing the Termination Payment disputes the other Party’s 's calculation of the Termination Payment, in whole or in part, the Party owing the Termination Payment shall, within ten (10) Business Days of receipt of the other Party’s 's calculation of the Termination Payment, provide to such other Party a detailed written explanation of the basis for such dispute; provided, however, if the Seller owes a Termination Payment it shall first transfer Performance Assurance to the Buyer, if applicable, in an amount equal to the Termination Payment calculated by the Buyer. If the Parties are unable to resolve the dispute within thirty (30) days, Article XIV shall apply.