Effective Term and Termination Rights Sample Clauses

Effective Term and Termination Rights. This Agreement becomes effective when executed by both parties and shall continue in effect until terminated. The Agreement may be terminated in accordance with the following:
AutoNDA by SimpleDocs
Effective Term and Termination Rights. 12.1 This Agreement becomes effective when executed by the Parties. The Agreement will continue in effect unless terminated as per one of the following conditions: (a) Any Party may terminate this Agreement at any time by giving the other Parties at least sixty (60) days’ written notice; (b) any Party may terminate if one of the other Parties has defaulted or failed to comply with the terms of the Agreement and failed to cure within thirty (30) days after receiving written notice of the default or failure.
Effective Term and Termination Rights. This Agreement becomes effective when executed by both Parties and shall continue in effect until terminated. This agreement may be terminated as follows: (a) DG Owner/Operator may terminate this Agreement at any time by giving the Cooperative sixty days' written notice; (b) Cooperative may terminate upon failure by the DG Owner/Operator to generate energy from the Facilities in parallel within six (6) months after completion of the interconnection; (c) either Party may terminate by giving the other Party at least thirty (30) days prior written notice that the other Party is in default of any of the terms and conditions of the Agreement or the Rules or any rate schedule, tariff, regulation, contract, or policy of the Cooperative, so long as the notice specifies the basis for termination and there is opportunity to cure the default; (d) Cooperative may terminate by giving DG Owner/Operator at least sixty (60) days notice in the event that there is a material change in an applicable law, or any requirement of the Cooperative's wholesale electric suppliers or any transmission utility, independent system operator or regional transmission organization having responsibility for the operation of any part of the System.
Effective Term and Termination Rights. This Agreement shall become effective when executed by both Parties and shall continue in effect until terminated in accordance with the provisions of this Agreement. This Agreement may be terminated for the following reasons:
Effective Term and Termination Rights. This Agreement shall be effective upon execution by both Parties and shall continue in full force and effect so long as the Member’s Generator is interconnected to the Cooperative’s electric distribution system. This Agreement may be amended by the Cooperative without the consent of the Member upon 30 days prior written notice to the Member. This Agreement shall terminate on the date that the Member permanently de-installs its interconnection of its Generator with the Cooperative’s system and provides notice thereof to the Cooperative, provided, however, any obligation contained herein which would naturally survive the termination of this Agreement, including but not limited to the Member’s indemnification and insurance obligations, shall survive the termination of this Agreement. This Agreement may also be terminated as follows: (a) Cooperative may terminate upon failure by the member to generate energy from the Generator and deliver such energy to the Cooperative within six (6) months after completion of the interconnection; (b) Cooperative may terminate this Agreement by giving the Member at least thirty (30) days prior written notice that the other Party is in default of any of the terms and conditions of the Agreement or the Rules or any rate schedule, tariff, regulation, contract, or policy of the Cooperative, so long as the notice specifies the basis for termination and the default is not cured within such thirty (30) day period; (c) Cooperative may terminate by giving Member at least sixty (60) days’ notice in the event that there is a material change in an applicable law, or any requirement of the Cooperative’s wholesale power supplier or of any transmission utility, independent system operator or regional transmission organization having responsibility for the operation of any part of the Cooperative’s distribution system..
Effective Term and Termination Rights. This Agreement becomes effective when executed by both parties and shall continue in effect until terminated. The agreement may be terminated for the following reasons: (a) Customer may terminate this Agreement at any time, by giving the Company sixty days’ written notice; (b) Company may terminate upon failure by the Customer to generate energy from the Facility in parallel with the Company’s system within twelve months after completion of the interconnection; (c) either party may terminate by giving the other party at least sixty days prior written notice that the other Party is in default of any of the material terms and conditions of the Agreement, so long as the notice specifies the basis for termination and there is reasonable opportunity to cure the default; or (d) Company may terminate by giving Customer at least sixty days notice in the event that there is a material change in an applicable rule or statute.
Effective Term and Termination Rights. This Agreement becomes effective when executed by both Parties and shall continue in effect until terminated. This Agreement may be terminated as follows: (a) The Member may terminate this Agreement at any time by giving GVEC at least thirty (30) days prior written notice; (b) GVEC may terminate upon failure by the Member to generate energy from the Installation within six (6) months after the Installation is energized and interconnected; (c) GVEC may terminate by giving the Member at least sixty (60) days prior notice in the event that there is a material change in an applicable law or regulation or any requirement of GVEC’s wholesale electric suppliers or of any transmission utility, independent system operator, or regional transmission organization having responsibility for the operation of any part of GVEC.
AutoNDA by SimpleDocs
Effective Term and Termination Rights. This Agreement becomes effective when executed by both Parties and shall continue in effect until terminated. This Agreement may be terminated as follows: (a) Member may terminate this Agreement at any time by giving the Cooperative at least sixty (60) days’ written notice; (b) Cooperative may terminate upon failure by Member to generate energy from the Facilities within six (6) months after completion of the interconnection; (c) either Party may terminate by giving the other Party at least thirty (30) days prior written notice that the other Party is in default of any of the terms and conditions of the Agreement or the Rules or any rate schedule, regulation, contract, or policy of the Cooperative, so long as the notice specifies the basis for termination and there is opportunity to cure the default; (d) Cooperative may terminate by giving Member at least sixty (60) days’ notice in the event that there is a material change in an applicable law, or any change in policy or procedure pertaining to Distributed Generation by the Cooperative’s wholesale electric supplier or requirement of any transmission utility, independent system operator or regional transmission organization having responsibility for the operation of any part of the System; (e) Cooperative may terminate this Agreement upon three (3) business days’ notice in the event Member ceases to receive electric service from Cooperative or is in default of terms or conditions for electric service; in the event that a Party (i) makes a general assignment or arrangement for the benefit or creditors; (ii) commences an action or proceeding under any bankruptcy, insolvency or similar law for the protection of debtors or creditors, or has commenced against it any such action or proceeding which is not withdrawn or dismissed within thirty (30) days; (iii) otherwise is adjudicated a debtor in bankruptcy or insolvent; (iv) is unable (or admits in writing its inability) generally to pay its debts as they become due; (v) is dissolved or has a resolution passed for its winding-up or liquidation (other than pursuant to a consolidation, acquisition or merger); (vi) seeks or becomes subject to the appointment of an administrator, assignee, conservator, receiver, trustee or similar official for substantially all of its assets; (vii) has a secured party take possession of all or substantially all of its assets or has all, or has substantially all of its assets become subject to an attachment, execution, levy, sequestrat...
Effective Term and Termination Rights. This Agreement shall become effective when executed by both Parties and shall continue in effect until terminated in accordance with the provisions of this Agreement. This Agreement may be terminated for the following reasons: (a) Customer may terminate this Agreement at any time by giving Company at least sixty (60) days’ prior written notice stating Customer’s intent to terminate this Agreement at the expiration of such notice period; (b) Company may terminate this Agreement at any time following Customer’s failure to generate energy from the Generation Facilities in parallel with Company’s electric system by the later of two years from the date of execution of this Agreement or twelve (12) months after completion of the interconnection provided for by this Agreement; (c) either Party may terminate this Agreement at any time by giving the other Party at least sixty (60) days’ prior written notice that the other Party is in default of any of the material terms and conditions of this Agreement, so long as the notice specifies the basis for termination and there is reasonable opportunity for the Party in default to cure the default; or (d) Company may terminate this Agreement at any time by giving Customer at least sixty (60) days’ prior written notice in the event that there is a change in an applicable rule or statute affecting this Agreement. Upon termination of this Agreement, Customer’s Generation Facilities shall be disconnected from the Company’s system. Termination of this Agreement shall not relieve either party of its liabilities and obligations, owed or continuing at the time of the termination.
Effective Term and Termination Rights. This Agreement shall become effective when executed by both Parties and shall continue in effect until terminated in accordance with the provisions of this Agreement. This Agreement may be terminated for the following reasons: (a) Customer may terminate this Agreement at any time by giving Utility at least sixty (60) days’ prior written notice stating Customer’s intent to terminate this Agreement at the expiration of such notice period; (b) Utility may terminate this Agreement at any time following Customer’s failure to generate energy from the Generation Facilities in parallel with Utility’s electric system within twelve (12) months after completion of the interconnection provided for by this Agreement; (c) either Party may terminate this Agreement at any time by giving the other Party at least sixty (60) days’ prior written notice that the other Party is in default of any of the material terms and conditions of this Agreement, so long as the notice specifies the basis for termination and there is reasonable opportunity for the Party in default to cure the default; or (d) Utility may terminate this Agreement at any time by giving Customer at least sixty (60) days’ prior written notice in the event that there is a change in an applicable rule or statute affecting this Agreement.
Time is Money Join Law Insider Premium to draft better contracts faster.