Common use of Effective Term and Termination Rights Clause in Contracts

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 Company sixty days’ written notice; (b) Company may terminate upon failure by Customer to generate energy from Facilities in parallel with Company’s facilities within twelve months after completion of the interconnection; (c) either Party may terminate by giving the other Party at least sixty days’ 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’ written notice if possible in the event that there is a material change in an applicable rule or statute that necessitates termination of this Agreement.

Appears in 3 contracts

Samples: texreg.sos.state.tx.us, www.puc.texas.gov, texreg.sos.state.tx.us

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Effective Term and Termination Rights. This Agreement becomes effective when executed by both Parties parties and shall continue in effect until terminated. The Agreement 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 Facilities the Facility in parallel with the Company’s facilities system within twelve months after completion of the interconnection; (c) either Party party may terminate by giving the other Party party at least sixty days’ 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’ written days notice if possible in the event that there is a material change in an applicable rule or statute that necessitates termination of this Agreementstatute.

Appears in 3 contracts

Samples: Attachment A (Biofuels Power Corp), Attachment A (Biofuels Power Corp), Agreement for Interconnection and Parallel Operation of Distributed

Effective Term and Termination Rights. This Agreement becomes effective when executed by both Parties parties and shall continue in effect until terminated. The Agreement 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 Facilities the Facility in parallel with the Company’s facilities 's system within twelve months after completion of the interconnection; (c) either Party party may terminate by giving the other Party party at least sixty days’ 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’ written days notice if possible in the event that there is a material change in an applicable rule or statute that necessitates termination of this Agreementstatute.

Appears in 2 contracts

Samples: Interconnection Agreement, Interconnection Agreement

Effective Term and Termination Rights. This Agreement becomes effective when executed by both Parties parties and shall continue in effect until terminated. The Agreement agreement may be terminated for the following reasons: (a) Customer the Generator may terminate this Agreement at any time, by giving the Company sixty days’ written notice; (b) the Company may terminate upon failure by Customer the Generator to generate energy from Facilities the Facility in parallel with the Company’s facilities system within twelve months after completion of the interconnection; (c) either Party party may terminate by giving the other Party party at least sixty days’ 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 Generator at least sixty days’ written days notice if possible in the event that there is a material change in an applicable rule or statute that necessitates termination of this Agreementstatute.

Appears in 1 contract

Samples: 3 Agreement

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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 Customer to generate energy from Facilities in parallel with the Company’s facilities within twelve months after completion of the interconnection; (c) either Party may terminate by giving the other Party at least sixty days’ days 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’ written notice if possible in the event that there is a material change in an applicable rule or statute that necessitates termination of this Agreement.

Appears in 1 contract

Samples: Interconnection and Parallel Operation

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