Scenario 1. If Seller breaches a CHP PPA with the Buyer, and ▇▇▇▇▇ has another PPA with Seller, then cross default could be triggered; provided that another PPA means a PPA between the specific Seller, as signatory and as referenced in Section 4.2.8.4.2, and the specific IOU Buyer, as signatory to such PPA. Another PPA is a contract between the Buyer and Seller for electric power, and not a contract for other goods or services.
Appears in 2 contracts
Sources: CHP Program Settlement Agreement, CHP Program Settlement Agreement