Common use of Effective Term and Termination Rights Clause in Contracts

Effective Term and Termination Rights. This Agreement shall become effective when executed by both Parties and shall continue in effect until terminated in accordance with the provisions of this Agreement. This Agreement may be terminated for the following reasons: (a) Customer may terminate this Agreement at any time by giving Utility at least sixty (60) days’ prior written notice stating Customer’s intent to terminate this Agreement at the expiration of such notice period; (b) Utility may terminate this Agreement at any time following Customer’s failure to generate energy from the Generation Facilities in parallel with Utility’s electric system within twelve (12) months after completion of the interconnection provided for by this Agreement; (c) either Party may terminate this Agreement at any time by giving the other Party at least sixty (60) days’ prior written notice that the other Party is in default of any of the material terms and conditions of this Agreement, so long as the notice specifies the basis for termination and there is reasonable opportunity for the Party in default to cure the default; or (d) Utility may terminate this Agreement at any time by giving Customer at least sixty (60) days’ prior written notice in the event that there is a change in an applicable rule or statute affecting this Agreement.

Effective Term and Termination Rights. This Agreement shall become effective when executed by both Parties and shall continue in effect until terminated in accordance with the provisions of this Agreement. This Agreement may be terminated for the following reasons: (a) Customer may terminate this Agreement at any time by giving Utility IPL at least sixty (60) days’ prior written notice stating Customer’s intent to terminate this Agreement at the expiration of such notice period; (b) Utility IPL may terminate this Agreement at any time following Customer’s failure to generate energy from the Generation Facilities in parallel with UtilityIPL’s electric system within twelve (12) months after completion of the interconnection provided for by this Agreement; (c) either Party may terminate this Agreement at any time by giving the other Party at least sixty (60) days’ prior written notice that the other Party is in default of any of the material terms and conditions of this Agreement, so long as the notice specifies the basis for termination and there is reasonable opportunity for the Party in default to cure the default; or (d) Utility IPL may terminate this Agreement at any time by giving Customer at least sixty (60) days’ prior written notice in the event that there is a change in an applicable rule or statute affecting this Agreement.

Effective Term and Termination Rights. This Agreement shall become effective when executed by both Parties and shall continue in effect until terminated in accordance with the provisions of this Agreement. This Agreement may be terminated for the following reasons: (a) Customer may terminate this Agreement at any time by giving Utility Company at least sixty (60) days’ prior written notice stating Customer’s intent to terminate this Agreement at the expiration of such notice period; (b) Utility Company may terminate this Agreement at any time following Customer’s failure to generate energy from the Generation Facilities in parallel with UtilityCompany’s electric system within twelve (12) months after completion of the interconnection provided for by this Agreement; (c) either Party may terminate this Agreement at any time by giving the other Party at least sixty (60) days’ prior written notice that the other Party is in default of any of the material terms and conditions of this Agreement, so long as the notice specifies the basis for termination and there is reasonable opportunity for the Party in default to cure the default; or (d) Utility Company may terminate this Agreement at any time by giving Customer at least sixty (60) days’ prior written notice in the event that there is a change in an applicable rule or statute affecting this Agreement.