Common use of Supplement Term Clause in Contracts

Supplement Term. This Supplement shall be effective as of the later of (i) the date on which the Wholesale Power Contract becomes effective and (ii) the date on which the Administrator's approval of this Supplement is effective and shall continue in effect until termination of the LPM Contract, whether as the result of early termination, cancellation in the event of default prior to the end of the fixed term, or otherwise (such period, the "Supplement Term"); provided, however, that any Party's cost or liability to the other Party hereunder, or as the result of the LPM Contract, that arises prior to such termination and certain rights and obligations, as expressly provided in Sections 3.3.2, 5.3 and 7 of this Supplement, shall survive the Supplement Term.

Appears in 2 contracts

Sources: Wholesale Power Contract (Oglethorpe Power Corp), Wholesale Power Contract (Oglethorpe Power Corp)