GEP Shortfall and GEP Termination Event Sample Clauses

GEP Shortfall and GEP Termination Event. If in any Contract Year of a GEP Termination Period there is a GEP Shortfall and after the close of the GEP Termination Period there is also GEP Termination Event, then Seller’s right to cure the GEP Shortfall pursuant to Sections 9.1, 9.2, and 9.3 shall not apply to that GEP Shortfall and the sole cure that may be available for both the GEP Shortfall and the GEP Termination Event shall be Seller providing Replacement Energy during the Contract Year after the GEP Termination Event occurred in the amount equal to the GEP Shortfall Energy; provided, that such cure shall only be available if the GEP Shortfall Energy was due to negative CAISO pricing coincident with generation at the Point of Delivery and Seller provides to Buyer documentation evidencing such occurrence satisfactory to Buyer. If Seller fails to cure, or if such cure is not available under this Section 9.5, then Buyer EXHIBIT A-57 may, in its sole discretion and without penalty to Buyer, terminate this Agreement as provided in Article XIII.
AutoNDA by SimpleDocs
GEP Shortfall and GEP Termination Event. If in any Contract Year of a GEP Termination Period there is a GEP Shortfall and after the close of the GEP Termination Period there is also GEP Termination Event, then Seller’s right to cure the GE...

Related to GEP Shortfall and GEP Termination Event

  • TERMINATION DUE TO CHANGE IN FUNDING ‌ 35 In the event funding from HCA, MCO, State, Federal, or other sources is withdrawn, reduced, or limited 36 in any way after the effective date of this Contract and prior to its normal completion, either party may 37 terminate this Contract subject to re-negotiations.

  • Termination Events This Agreement may, by notice given prior to or at the Closing, be terminated:

  • Contract Renegotiation, Suspension, or Termination Due to Change in Funding If the funds DSHS relied upon to establish this Contract or Program Agreement are withdrawn, reduced or limited, or if additional or modified conditions are placed on such funding, after the effective date of this contract but prior to the normal completion of this Contract or Program Agreement:

  • Dissolution Event If there is a Dissolution Event before the termination of this Safe, the Investor will automatically be entitled (subject to the liquidation priority set forth in Section 1(d) below) to receive a portion of Proceeds equal to the Cash-Out Amount, due and payable to the Investor immediately prior to the consummation of the Dissolution Event.

  • Contract Termination Date This contract terminates upon the earliest occurrence of the following:

  • Term Termination 8.1 This Agreement shall be effective as of the date hereof and shall continue in force until terminated in accordance with the provisions herein.

  • T ermination In the event that either party seeks to terminate this DPA, they may do so by mutual written consent and as long as any service agreement or terms of service, to the extent one exists, has lapsed or has been terminated. The LEA may terminate this DPA and any service agreement or contract with the Provider if the Provider breaches any terms of this DPA.

  • Available Funds-Contingency-Termination a. The State is prohibited by law from making commitments beyond the term of the current State Fiscal Year. Payment to Local Agency beyond the current State Fiscal Year is contingent on the appropriation and continuing availability of Agreement Funds in any subsequent year (as provided in the Colorado Special Provisions). If federal funds or funds from any other non-State funds constitute all or some of the Agreement Funds, the State’s obligation to pay Local Agency shall be contingent upon such non-State funding continuing to be made available for payment. Payments to be made pursuant to this Agreement shall be made only from Agreement Funds, and the State’s liability for such payments shall be limited to the amount remaining of such Agreement Funds. If State, federal or other funds are not appropriated, or otherwise become unavailable to fund this Agreement, the State may, upon written notice, terminate this Agreement, in whole or in part, without incurring further liability. The State shall, however, remain obligated to pay for Services and Goods that are delivered and accepted prior to the effective date of notice of termination, and this termination shall otherwise be treated as if this Agreement were terminated in the public interest as described in §2.C.

  • Default Termination a. In the event that the Property has been sold contrary to or any person bids in contravention of the provisions in Clause 4 above, then such sale shall be cancelled and become null and void and of no further effect wherein all monies paid by the Purchaser hitherto including the Deposit shall be forfeited absolutely and immediately.

  • In the Event of Termination After receipt of a notice of termination, except as otherwise directed, the AGENCY shall:

Time is Money Join Law Insider Premium to draft better contracts faster.