Automatic Termination Events. This Agreement shall terminate automatically: (1) at the end of the term of the Agreement as set forth in Section 1 (Term of Agreement), (2) in the event the FERC issues the District a non-power license for the Project, (3) in the event the FERC orders removal of the Project, (4) in the event the FERC orders drawdown of the Project or (5) the District withdraws from this Agreement based on sub-Section 2.2 (Elective Withdrawal Events). The District’s obligations under this Agreement shall terminate in the event its FERC license is terminated or transferred to another entity. The Parties agree that the terms of this Agreement shall be binding on their respective successors and assigns.
Appears in 4 contracts
Sources: Anadromous Fish Agreement and Habitat Conservation Plan, Anadromous Fish Agreement and Habitat Conservation Plan, Anadromous Fish Agreement and Habitat Conservation Plan