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CC PACKET 06262018
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CC PACKET 06262018
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6/27/2018 8:13:42 AM
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6/20/2018 1:54:07 PM
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<br />(a) A Party breaches any material representation or warranty or fails to perform a material <br />obligation set forth in this Agreement and does not cure such breach or failure within <br />thirty (30) days of written notice of the breach from the non-defaulting Party. <br /> <br />(b) With respect to Project Subscriber, failure to make any Sunscription Payment when due, <br />and failure to cure the default within thirty (30) days after written notice of such failure <br />from US Solar. <br /> <br /> <br />10.3 Cancellation Remedies. <br /> <br />(a) In the case of a cancellation pursuant to Sections 10.1(a)(i) or (ii) or 10.2(b)(iii) or (iv), <br />you will owe nothing with respect to the amount of CSG Allocation cancelled. <br /> <br />(b) In the case of a cancellation pursuant to Sections 10.1(a)(iii) or 10.1b) (i) or (ii) (each, a <br />“Covered Cancellation Event”), you will be responsible for paying the Cover Cost <br />Amount, if any, with respect to the amount of CSG Allocation cancelled, subject to the <br />following: <br /> <br />i. We will use commercially reasonable efforts for up to one hundred eighty (180) <br />days after such cancellation (“Cancellation Replacement Period”) to secure one or <br />more Eligible Transferee who will subscribe to the entire cancelled portion of your <br />CSG Allocation at no less than your Sunscription Rate. If we are successful, your <br />Cover Cost Amount will be zero. <br />ii. To the extent during the Cancellation Replacement Period we are unsuccessful in <br />securing one or more Eligible Transferees who will subscribe to the entire cancelled <br />portion of your CSG Allocation, the Unsubscribed Energy rate provided for in the <br />CSG Tariff will be used in lieu of a transferee Sunscription Rate for purposes of <br />determining the Cover Cost Amount. <br /> <br />(c) During the Cancellation Replacement Period and before paying any Cover Cost Amount <br />or other cancellation related amounts, you will be responsible for making Sunscription <br />Payments that will be deemed to equal the full amount of your Sunscription Payments <br />had no cancellation occurred. <br /> <br />(d) At the end of the Cancellation Replacement Period, we will determine the Cover Cost <br />Amount and other amounts owing by you and provide you written notice of same. <br />These amounts will become due and payable by you within thirty (30) days of your <br />receipt of this notice. <br /> <br />(e) After paying the Cover Cost Amount, your remaining Sunscription Payments will reflect <br />your appropriately reduced CSG Allocation. <br /> <br />(f) You will be responsible for reimbursing us for any actual, reasonable and verifiable costs <br />we incur in identifying an Eligible Transferee who will subscribe to the cancelled portion <br />of your CSG Allocation and in the execution of related documentation. <br /> <br />54
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