Common use of Termination by Participant Clause in Contracts

Termination by Participant. Participant may, at its option, immediately terminate this Agreement upon the failure of ERCOT to continue to be certified by the PUCT as the Independent Organization under PURA §39.151 without the immediate certification of another Independent Organization under PURA §39.151.

Appears in 5 contracts

Samples: Synchronous Condenser Agreement, www.ercot.com, www.ercot.com

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Termination by Participant. Participant may, at its option, immediately terminate this Agreement immediately upon the failure of ERCOT to continue to be certified by the PUCT Public Utility Commission of Texas (PUCT) as the Independent Organization under PURA §39.151 without the immediate certification of another Independent Organization under PURA §39.151.

Appears in 2 contracts

Samples: Black Start Agreement, Black Start Agreement

Termination by Participant. Participant may, at its option, immediately terminate this Agreement immediately upon the failure of ERCOT to continue to be certified by the PUCT as the Independent Organization under PURA §39.151 without the immediate certification of another Independent Organization under PURA §39.151.

Appears in 2 contracts

Samples: Black Start Agreement, Black Start Agreement

Termination by Participant. Participant may, at its option, immediately terminate this Agreement upon the failure of ERCOT to continue to be certified by the PUCT Public Utility Commission of Texas (PUCT) as the Independent Organization under PURA §39.151 without the immediate certification of another Independent Organization under PURA §39.151.

Appears in 1 contract

Samples: Synchronous Condenser Agreement

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Termination by Participant. Participant may, at its option, immediately terminate this Agreement Agreement: (a) immediately upon the failure of ERCOT to continue to be certified by the PUCT as the Independent Organization under PURA §39.151 without the immediate certification of another Independent Organization under PURA §39.151, or (b) for any other reason at any time upon thirty days written notice to ERCOT.

Appears in 1 contract

Samples: TCR Account Holder Agreement

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