Term and Termination for Cause Sample Clauses

Term and Termination for Cause. This Agreement shall become effective upon the execution of this Agreement by the NTO and the ISO and on the later of: (i) the date on which FERC, the PSC and any other regulatory agency having jurisdiction accepts this agreement without condition or material modification and grants all approvals needed to place the NTO’s facilities in service, including, without limitation, any approvals required under Section 70 of the Public Service Law and Section 203 of the FPA; or (ii) on such later date specified by FERC. Without waiving or limiting any of its other rights under this Article, if the NTO determines that any of the conditions set forth in Section 3.03 hereof is not being met or ceases to be in full force and effect the NTO may terminate this Agreement, withdraw from the ISO Agreement and the ISO Tariffs, and withdraw its assets from the ISO's control and administration on ninety (90) days prior written notice to the ISO and FERC. Such notice shall identify the condition or conditions set forth in Section 3.03 that have not been met or no longer are in full force and effect; provided, however, that prior to the filing of such notice, the ISO shall be advised of the specific condition or conditions that are no longer in full force and effect, and the ISO shall have the opportunity to restore the effectiveness of the condition or conditions identified within a thirty (30) day period. If the effectiveness of the condition or conditions is not restored within thirty (30) days, the NTO may file a notice of termination with the ISO and FERC; provided, however, that if the ISO demonstrates that it has made a good faith effort but has been unable to restore the effectiveness of the condition or conditions within the thirty (30) day period, the ISO shall be provided an additional thirty (30) day period to restore the effectiveness of the condition or conditions and the NTO may not file the notice of termination until the expiration of the second thirty (30) day period. The NTO’s termination of this Agreement under this Section shall be effective ninety (90) days after the filing of the notice of termination unless FERC finds that such termination of the NTO is contrary to the public interest, as that standard has been judicially construed under the Mobile-Sierra doctrine. However, the NTO may withdraw the notice or extend the termination date. Nothing in this section shall be construed as a voluntary undertaking by the NTO to remain a Party to this Agreement af...
Sample 1Sample 2Sample 3See All (90)
AutoNDA by SimpleDocs
Term and Termination for Cause. This Agreement shall become effective upon the execution of this Agreement by the NTO and the ISO and on the later of: (i) the date on which FERC, the PSC and any other regulatory agency having jurisdiction accepts this agreement without condition or material modification and grants all approvals needed to place the NTO’s facilities in service, including, without limitation, any approvals required under Section 70 of the Public Service Law and Section 203 of the FPA; or (ii) on such later date specified by FERC. Without waiving or limiting any of its other rights under this Article, if the NTO determines that any of the conditions set forth in Section 3.03 hereof is not being met or ceases to be in full force and effect the NTO may terminate this Agreement, withdraw from the ISO Agreement and the ISO Tariffs, and withdraw its assets from the ISO’s control and administration on ninety (90) days prior written notice to the ISO and FERC, subject to the NTO obtaining all regulatory approvals for such termination and withdrawal, and having on file with FERC its own open access transmission tariff. Such notice shall identify the condition or conditions set forth in Section
Sample 1Sample 2Sample 3See All (7)
Term and Termination for Cause. This Agreement shall become effective upon the following: (1) the execution of this Agreement by the Reliability Coordination Customer and the ISO; and (2) (a) the date FERC accepts or approves this Agreement without condition or material modification, or (b) such other effective date established by FERC. Without waiving or limiting any of its other rights under this Article, if the Reliability Coordination Customer determines that any of the conditions set forth in Article 3 hereof are not being met or cease to be in full force and effect, the Reliability Coordination Customer may terminate this Agreement on ninety (90) calendar days’ prior written notice to the ISO and FERC. Such notice shall identify the condition or conditions set forth in Article 3 that have not been met or no longer are in full force and effect; provided, however, that prior to the filing of such notice, the ISO shall be advised of the specific condition or conditions that are no longer in full force and effect, and the ISO shall have the opportunity to restore the effectiveness of the condition or conditions identified within a thirty (30) calendar day
Sample 1Sample 2Sample 3
Term and Termination for Cause. The term of this Agreement shall be three years from the effective date hereof; provided, however that either party has the right to terminate this Agreement if the other party breaches or is in default of any obligation hereunder, including the failure to make any payment when due, which default is incapable of cure or which, being capable of cure, has not been cued within thirty (30) days after receipt of written notice from the non- defaulting party or within such additional cure period as the non- defaulting party may authorize.
Sample 1
Term and Termination for Cause. This Agreement shall become effective upon the execution of this Agreement by the Transmission OwnersNTO and the ISO and on the latest of: (i) the date(s) FERC accepts for filing, without condition or material modification: (a) this Agreement; (b) the ISO Tariffs;
Sample 1
Term and Termination for Cause a. This Agreement will remain in effect unless and until terminated in accordance with the express terms of this Agreement.
Sample 1
Term and Termination for Cause. The Company will have the right to terminate Executive's employment with the Company at any time for "cause." "Cause" for termination will mean: (i) Executive has committed any material act of embezzlement, fraud and/or is convicted of a felony; (ii) Executive engages in unfair competition with the Company or willfully breaches his obligations under this Agreement; (iii) Executive causes material damage to the Company through intentional misconduct or gross neglect of the duties customary to his office or (iv) Executive breaches his fiduciary duty to the Company. No activity OR inactivity covered by items (ii), (iii) or (iv) will be deemed to be "cause" unless the company has notified Executive of such activity or inactivity in writing and Executive has failed to cure the same within fifteen (15) days. In the event Executive's employment is terminated at any time for cause, he will not be entitled to severance pay, pay in lieu of notice or any other such compensation, but he will be entitled to compensation, benefits and un-reimbursed expenses accrued through the date of termination.
Sample 1
AutoNDA by SimpleDocs
Term and Termination for Cause. This Agreement shall commence on the Effective Date and shall continue for a period of one (1) year ("Term"), unless terminated earlier in accordance with the terms hereof or upon the occurrence of one of the following events: (a) a judicial determination that either Party is insolvent or bankrupt pursuant to the provisions of any state or national insolvency law, or the appointment of a receiver or trustee of the property by reason of either Party’s insolvency or inability to pay its debts, or the assignment of substantially all of either Party’s property made for the benefit of that Party’s creditors; or (b) a breach of this Agreement that is not cured within thirty (30) days after written notice thereof is given to the breaching Party.
Sample 1
Term and Termination for Cause 
Sample 1Sample 2Sample 3See All (4)

Related to Term and Termination for Cause

  • Term and Termination These Terms and Conditions shall remain in full force and effect while you use the Site. WITHOUT LIMITING ANY OTHER PROVISION OF THESE TERMS AND CONDITIONS, WE RESERVE THE RIGHT TO, IN OUR SOLE DISCRETION AND WITHOUT NOTICE OR LIABILITY, DENY ACCESS TO AND USE OF THE SITE (INCLUDING BLOCKING CERTAIN IP ADDRESSES), TO ANY PERSON FOR ANY REASON OR FOR NO REASON, INCLUDING WITHOUT LIMITATION FOR BREACH OF ANY REPRESENTATION, WARRANTY, OR COVENANT CONTAINED IN THESE TERMS AND CONDITIONS OR OF ANY APPLICABLE LAW OR REGULATION. WE MAY TERMINATE YOUR USE OR PARTICIPATION IN THE SITE OR DELETE [YOUR ACCOUNT AND] ANY CONTENT OR INFORMATION THAT YOU POSTED AT ANY TIME, WITHOUT WARNING, IN OUR SOLE DISCRETION. If we terminate or suspend your account for any reason, you are prohibited from registering and creating a new account under your name, a fake or borrowed name, or the name of any third party, even if you may be acting on behalf of the third party. In addition to terminating or suspending your account, we reserve the right to take appropriate legal action, including without limitation pursuing civil, criminal, and injunctive redress. MODIFICATIONS AND INTERRUPTIONS We reserve the right to change, modify, or remove the contents of the Site at any time or for any reason at our sole discretion without notice. However, we have no obligation to update any information on our Site. We also reserve the right to modify or discontinue all or part of the Site without notice at any time. We will not be liable to you or any third party for any modification, price change, suspension, or discontinuance of the Site. We cannot guarantee the Site will be available at all times. We may experience hardware, software, or other problems or need to perform maintenance related to the Site, resulting in interruptions, delays, or errors. We reserve the right to change, revise, update, suspend, discontinue, or otherwise modify the Site at any time or for any reason without notice to you. You agree that we have no liability whatsoever for any loss, damage, or inconvenience caused by your inability to access or use the Site during any downtime or discontinuance of the Site. Nothing in these Terms and Conditions will be construed to obligate us to maintain and support the Site or to supply any corrections, updates, or releases in connection therewith. GOVERNING LAW These Terms and Conditions and your use of the Site are governed by and construed in accordance with the laws of the State of [name of state] applicable to agreements made and to be entirely performed within the State/Commonwealth of [name of state], without regard to its conflict of law principles. DISPUTE RESOLUTION

  • Term and Termination of Agreement 1. This Agreement shall run for a period of one (1) year from the date first written above and will be renewed from year to year thereafter unless terminated by either party as provided hereunder.

  • Termination for Cause If Vendor fails to materially perform pursuant to the terms of this Agreement, TIPS shall provide written notice to Vendor specifying the default. If Vendor does not cure such default within thirty (30) days, TIPS may terminate this Agreement, in whole or in part, for cause. If TIPS terminates this Agreement for cause, and it is later determined that the termination for cause was wrongful, the termination shall automatically be converted to and treated as a termination for convenience.

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