Common use of Effective Term and Termination Rights Clause in Contracts

Effective Term and Termination Rights. 12.1 This Agreement becomes effective when executed by the Parties. The Agreement will continue in effect unless terminated as per one of the following conditions: (a) Any Party may terminate this Agreement at any time by giving the other Parties at least sixty (60) days’ written notice; (b) any Party may terminate if one of the other Parties has defaulted or failed to comply with the terms of the Agreement and failed to cure within thirty (30) days after receiving written notice of the default or failure.

Appears in 7 contracts

Samples: And Parallel Operation Agreement, Interconnection and Parallel Operation Agreement, Magnolia Electric Power

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Effective Term and Termination Rights. 12.1 11.1. This Agreement becomes effective when executed by the Parties. The Agreement will both Parties and shall continue in effect unless as long as the Qualifying System operates. This Agreement may be terminated as per one by either party upon the breach of the following conditions: (a) Any Party may terminate this Agreement at any time by giving the other Parties at least sixty (60) days’ written notice; (b) any Party may terminate if one of the other Parties has defaulted or failed to comply with the terms of the Agreement and failed failure to cure remedy within thirty (30) 30 days after receiving written notice of the default or failurenotice by the non-breaching party to the breaching party.

Appears in 3 contracts

Samples: And Parallel Operation Agreement, And Parallel Operation Agreement, And Parallel Operation Agreement

Effective Term and Termination Rights. 12.1 This Agreement becomes effective when executed by the Parties. The Agreement will both Parties and shall continue in effect unless until terminated. This agreement may be terminated as per one of the following conditionsfollows: (a) Any Party DG Owner/Operator may terminate this terminatethis Agreement at any time by giving the other Parties at least Cooperative sixty (60) days' written notice; (b) any Cooperative may terminate upon failure by the DG Owner/Operator to generate energy from the Facilities in parallel within six (6) months after completion of the interconnection; (c) either Party may terminate if one of by giving the other Parties has defaulted or failed to comply with the terms of the Agreement and failed to cure within thirty (30) days after receiving written notice of the default or failure.Party at least thirty

Appears in 2 contracts

Samples: Cooperative Agreement, Cooperative Agreement

Effective Term and Termination Rights. 12.1 This Agreement becomes effective when executed by the Parties. The Agreement will both Parties and shall continue in effect unless until terminated. This Agreement may be terminated as per one of the following conditionsfollows: (a) Any Party a Member/Owner may terminate this Agreement at any time for any or no reason by giving providing the other Parties Cooperative at least sixty (60) days’ day’s written notice; (b) any Party may terminate if one of the other Parties has defaulted or failed to comply with the terms of the Agreement and failed to cure within thirty (30) days after receiving written notice of the default or failure.;

Appears in 2 contracts

Samples: Agreement for Interconnection and Parallel, Agreement for Interconnection and Parallel

Effective Term and Termination Rights. 12.1 10.1 This Agreement becomes effective when executed by the Parties. The Agreement will continue in effect unless terminated as per one of the following conditions: (a) Any Party may terminate this Agreement at any time by giving the other Parties at least sixty (60) days’ written notice; (b) any Party may terminate if one of the other Parties has defaulted or failed to comply with the terms of the Agreement and failed to cure within thirty (30) days after receiving written notice of the default or failure.

Appears in 2 contracts

Samples: Residential – Rental Operation and Interconnection Agreement, Magnolia Electric Power

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Effective Term and Termination Rights. 12.1 This Agreement becomes effective when executed by the Parties. The Agreement will both Parties and shall continue in effect unless until terminated. This Agreement may be terminated as per one of the following conditionsfollows: (a) Any Party Member may terminate this Agreement at any time by giving the other Parties Cooperative at least sixty (60) days’ written notice; (b) any Party may terminate if one of the other Parties has defaulted or failed to comply with the terms of the Agreement and failed to cure within thirty (30) days after receiving written notice of the default or failure.;

Appears in 2 contracts

Samples: www.recc.coop, siec.org

Effective Term and Termination Rights. 12.1 This Agreement becomes effective when executed by the Parties. The Agreement will both Parties and shall continue in effect unless until terminated. This agreement may be terminated as per one of the following conditionsfollows: (a) Any Party DG Owner/Operator may terminate this Agreement at any time by giving the other Parties at least Cooperative sixty (60) days' written notice; (b) any Cooperative may terminate upon failure by the DG Owner/Operator to generate energy from the Facilities in parallel within six (6) months after completion of the interconnection; (c) either Party may terminate if one of by giving the other Parties has defaulted or failed to comply with the terms of the Agreement and failed to cure within thirty (30) days after receiving Party at least sixty days’ written notice of the default or failurenotice.

Appears in 1 contract

Samples: Cooperative Agreement

Effective Term and Termination Rights. 12.1 This Agreement becomes effective when executed by the Parties. The Agreement will both Parties and shall continue in effect unless until terminated. This Agreement may be terminated as per one of the following conditions: (a) Any by either Party may terminate this Agreement at any time by giving the other Parties Party at least sixty (60) days’ written notice; (b) any Party may terminate if one of the other Parties has defaulted or failed to comply with the terms of the Agreement and failed to cure within thirty (30) days after receiving prior to written notice of the default or failurenotice.

Appears in 1 contract

Samples: Connection Agreement

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