Common use of Termination Rights of Seller Clause in Contracts

Termination Rights of Seller. Prior to Commercial Operation Date, Seller shall have the right to terminate this Agreement on Notice which will be effective five (5) Business Days after such Notice is given to Buyer, if Seller’s final projected costs of the interconnection facilities and distribution upgrade for the Project has increased by 20% from the total estimated costs of the interconnection facilities and distribution upgrade for the Project as reflected in Attachment 2, section 15 (a) of the SGIA. Final projected costs and estimated costs shall not include any Income Tax Component of Contribution.

Appears in 4 contracts

Samples: Renewable Power Purchase and Sale Agreement (Montauk Renewables, Inc.), Renewable Power Purchase and Sale Agreement, Renewable Power Purchase and Sale Agreement

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