Common use of Cessation of Operations Clause in Contracts

Cessation of Operations. Notwithstanding any other provision of this Agreement, the Company acknowledges and agrees that the County’s obligation to provide the Special Source Credits hereunder may end, and this Agreement may be terminated by the County, at the County’s sole discretion, if the Company, after the Project is placed in service, ceases operations at the Project for a Period of twelve (12) months consecutively; provided, however, that the Special Source Credits provided for in this Agreement shall automatically terminate if the Company ceases operations as set forth in this Section. The Company agrees that if this Agreement is terminated pursuant to this Section, that under no circumstances shall the County be required to refund or pay any monies to the Company.

Cessation of Operations. Notwithstanding any other provision of this Agreement, the Company acknowledges and agrees that the County’s obligation to provide the Special Source Credits hereunder may end, and this Agreement may be terminated by the County, at the County’s sole discretion, if the Company, after the Project is placed in service, ceases operations at the Project for a Period of twelve (12) months consecutively; provided, however, that the Special Source Credits provided for in this Agreement shall automatically terminate if the Company ceases operations as set forth in this Section. The Company agrees that if this Agreement is terminated pursuant to this Section, that under no circumstances shall the County be required to refund or pay any monies to the Company.twelve