Utilities' Remedies for SJCC's Material Default. Upon a Material Default caused by the existence of a Material Default Condition that is not avoided pursuant to Paragraph 16.1(c), the Utilities shall have the following remedies: (1) The Utilities may terminate the CSA for Material Default if SJCC fails to avoid Material Default pursuant to Paragraph 16.1(c). Upon termination for Material Default, the Utilities shall have the options set forth in Paragraph 16.3 "
Appears in 1 contract
Sources: Underground Letter Agreement (Public Service Co of New Mexico)
Utilities' Remedies for SJCC's Material Default. Upon a Material Default caused by the existence of a Material Default Condition that is not avoided pursuant to Paragraph 16.1(c), the Utilities shall have the following remedies:
(1) The Utilities may terminate the CSA this Agreement for Material Default if SJCC fails to avoid Material Default pursuant to Paragraph 16.1(c)Default. Upon termination for Material Default, the Utilities shall have the options set forth in Paragraph 16.3 "
Appears in 1 contract
Sources: Coal Sales Agreement (Public Service Co of New Mexico)