Common use of RCA Orders Clause in Contracts

RCA Orders. If the RCA issues an order that approves (conditionally or otherwise) this Agreement and imposes terms and conditions or modifications unacceptable to Buyer or Seller, each as determined in its sole and absolute discretion, Buyer or Seller shall attempt to negotiate in good faith mutually acceptable alternative provisions within thirty (30) Days of the RCA order. If the Parties cannot negotiate mutually acceptable provisions in that Period, either Buyer or Seller may terminate this Agreement upon Formal Notice to the other Party, such termination to take effect on the date outlined in any such written notice of termination. If RCA Approval has not been obtained by October 15, 2020, either Party may terminate this Agreement upon Formal Notice to the other Party, such termination to take effect on the date outlined in any such written notice of termination.

Appears in 2 contracts

Samples: Sale and Purchase Agreement, Sale and Purchase Agreement

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RCA Orders. If the RCA issues an order that approves (conditionally or otherwise) this Agreement and imposes terms and conditions or modifications unacceptable to Buyer or Seller, each as determined in its sole and absolute discretion, Buyer or Seller shall attempt to negotiate in good faith mutually acceptable alternative provisions within thirty (30) Days days of the RCA order. If the Parties cannot negotiate mutually acceptable provisions in that Period, either Buyer or Seller may terminate this Agreement upon Formal Notice to the other Party, such termination to take effect on the date outlined in any such written notice of termination. If RCA Approval has not been obtained by October 15August 31, 20202016, either Party may terminate this Agreement upon Formal Notice to the other Party, such termination to take effect on the date outlined in any such written notice of termination.

Appears in 1 contract

Samples: Sale and Purchase Agreement

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RCA Orders. If the RCA issues an order that approves (conditionally or otherwise) this Agreement and imposes terms and conditions or modifications unacceptable to Buyer or Seller, each as determined in its sole and absolute discretion, Buyer or Seller shall attempt to negotiate in good faith mutually acceptable alternative provisions within thirty (30) Days of the RCA order. If the Parties cannot negotiate mutually acceptable provisions in that Periodperiod, either Buyer or Seller may terminate this Agreement upon Formal Notice written notice to the other Party, such termination to take effect on the date outlined in any such written notice of termination. If RCA Approval has not been obtained by October 1531, 20202016, either Party may terminate this Agreement upon Formal Notice notice to the other Party, such termination to take effect on the date outlined in any such written notice of termination.

Appears in 1 contract

Samples: Gas Sales Agreement

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