Rights and Remedies Upon an Event of Default. (a) Notice of Intent to Terminate (i) Upon the occurrence of a BPDB Event of Default or a Company Event of Default, as the case may be, that is not cured within the applicable period (if any) for cure, the non-defaulting party may, at its option, initiate termination of this Agreement by delivering a notice (a “Notice of Intent to Terminate”) of its intent to terminate this Agreement to the defaulting Party. (ii) The Notice of Intent to Terminate shall specify in reasonable detail the Company Event of Default or the BPDB Event of Default, as the case may be, giving rise to such Notice of Intent to Terminate.
Appears in 8 contracts
Sources: Power Purchase Agreement, Power Purchase Agreement, Power Purchase Agreement
Rights and Remedies Upon an Event of Default. (a) Notice of Intent to Terminate
(i) Upon the occurrence of a an BPDB Event of Default or a the Company Event of Default, as the case may be, that is not cured within the applicable period (if any) for cure, the non-defaulting party may, at its option, initiate termination of this Agreement Contract by delivering a notice (a “Notice of Intent to Terminate”) of its intent to terminate this Agreement Contract to the defaulting Party.
(ii) The Notice of Intent to Terminate shall specify in reasonable detail the Company Event of Default or the BPDB Event of Default, as the case may be, giving rise to such Notice of Intent to TerminateNotice.
Appears in 6 contracts
Sources: Power Purchase Agreement, Power Purchase Agreement, Power Purchase Agreement
Rights and Remedies Upon an Event of Default. (a) Notice of Intent to Terminate
(i) Upon the occurrence of a BPDB Event of Default or a Company Event of Default, as the case may be, that is not cured within the applicable period (if any) for cure, the non-defaulting party Party may, at its option, initiate termination of this Lease Agreement by delivering a notice (a “Notice of Intent to Terminate”) of its intent to terminate this Lease Agreement to the defaulting Party.
(ii) The Notice of Intent to Terminate shall specify in reasonable detail the Company Event of Default or the BPDB Event of Default, as the case may be, giving rise to such the Notice of Intent to Terminate.
Appears in 1 contract
Sources: Land Lease Agreement