Common use of Remedies for Payment Default Clause in Contracts

Remedies for Payment Default. If a Payment Default occurs, Seller may suspend performance of its obligations under this Agreement. Further, Seller may pursue any remedy under this Agreement, at law or in equity, including without limitation an action for damages and termination of this Agreement. . In the event Seller elects to suspend performance, Purchaser shall compensate Seller for all Lost Seller Revenues for the duration of such suspension.

Appears in 3 contracts

Sources: Solar Power Purchase Agreement, Solar Power Purchase Agreement, Solar Power Purchase Agreement