Common use of Termination by Operator Clause in Contracts

Termination by Operator. Operator may terminate this Agreement prior to the expiration of its Term in any of the following circumstances: 8.3.1 Upon the Bankruptcy, insolvency or dissolution of Owner; 8.3.2 Upon written notice to Owner if there is a failure by Owner to pay when due any amounts owed to Operator. 8.3.3 Upon 30 (thirty) days written notice to Owner if there is a failure or a delay by Owner to completely perform any or all of its obligations under Section 3.1 and such failure(s) or delay(s) render it impossible or highly impractical for Owner to perform its Operation and Maintenance Agreement - Ormesa Plants obligations hereunder for 180 (one hundred eighty) days in the aggregate, unless Owner has cured such breach during the notice period. 8.3.4 Upon written notice to Owner, as provided in Section 4.1.1 hereof.