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CC PACKET 05242016
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CC PACKET 05242016
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2. To the extent during the Default Replacement Period we are unsuccessful in <br />securing one or more Eligible Transferee(s) who will subscribe to your entire <br />CSG Allocation, the Unsubscribed Energy rate provided for in the CSG Tariff <br />will be used in lieu of a transferee Sunscription Rate for purposes of <br />determining the Cover Cost Amount. <br />iv. You will owe an amount equal to the Sunscription Payments that would have been <br />payable by you during the Default Replacement Period absent the Event of Default. <br />v. Once one or more Eligible Transferee(s) have been located but no later than at the <br />end of the Default Replacement Period, we will determine the Cover Cost Amount <br />and other default-related amounts owing by you and provide you with written <br />notice of same. These amounts will become due and payable immediately by you <br />upon your receipt of this notice. <br />vi. You will be responsible for reimbursing us for any actual, reasonable and verifiable <br />costs we incurred in attempting to identify an Eligible Transferee and in the <br />execution of related documentation. <br />vii. Upon termination of this Agreement, we shall have no further obligations to you <br />hereunder. <br /> <br />(b) With respect to an Event of Default by US Solar: <br /> <br />i. Prior to the COD of the final Project, you may terminate this Agreement at any time <br />by notifying us in writing. <br />ii. After the COD of the final Project, you may terminate this Agreement only if our <br />default results in your CSG Allocation not producing any Subscribed Energy for one <br />hundred eighty (180) consecutive days or more. <br />iii. Upon termination, you shall have no further obligation to us except for obligations <br />arising or accruing prior to termination. <br /> <br />10.5 No Consequential Damages. No Party shall be liable to the other Party for any indirect, <br />special, punitive, exemplary, incidental, or consequential damages, whether arising in contract, tort, <br />under statute, or in equity, and each Party waives its rights to any such damages. In no event will the <br />Cover Cost Amount constitute, or be deemed to constitute, indirect, special, punitive, exemplary, <br />incidental, or consequential damages. <br /> <br />10.6 No Warranty; Exclusive Remedies. NO WARRANTY OR REMEDY, WHETHER STATUTORY, <br />WRITTEN, ORAL, EXPRESS OR IMPLIED, INCLUDING WITHOUT LIMITATION WARRANTIES OF <br />MERCHANTABILITY AND FITNESS FOR A PARTICULAR PURPOSE, OR WARRANTIES ARISING FROM <br />COURSE OF DEALING OR USAGE OF TRADE SHALL APPLY. The remedies set forth in this Agreement shall <br />be the Parties’ sole and exclusive remedies for any claim or liability arising out of or in connection with <br />this Agreement, whether arising in contract, tort (including negligence), strict liability or otherwise. <br /> <br />10.7 Involuntary Transfers. Upon transfer of title or control of the Eligible Address or your <br />CSG Allocation, or portion thereof, due to bankruptcy, foreclosure or operation of law for other reasons, <br />you or the transferee must notify US Solar immediately. During any period of time in which a trustee, <br />receiver, or creditor is in possession of the Eligible Address and assumes responsibility as the account- <br />holder with NSP at the Eligible Address, such transferee shall be deemed to have succeeded to your <br />rights and obligations under this Agreement at the Eligible Address during the period of its possession. <br />Upon the transfer of title to the property at the Eligible Address and the CSG Allocation to a creditor or <br />other third party, the transferee shall notify US Solar of the transfer. If the transferee(s) meet all <br />95
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