Common use of Termination Rights of the Parties Clause in Contracts

Termination Rights of the Parties. The termination rights of this Section 2.04(a) are separate and additional to those set forth in ARTICLE Six. If either Party exercises a termination right, as set forth in Sections 2.04(a)(i), 2.04(a)(ii),or 5.05, a Termination Payment will be calculated in accordance with Section 6.03, the Forward Settlement Amount will be Zero Dollars ($0), the terminating Party will be considered the Non- Defaulting Party and, if the termination occurs before the commencement of the Term, Seller will be entitled to a return of any Development Security provided to Anaheim.

Appears in 2 contracts

Samples: Renewable Power Purchase and Sale Agreement, Renewable Power Purchase and Sale Agreement

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Termination Rights of the Parties. Table of Contents The termination rights of this Section 2.04(a) are separate and additional to those set forth in ARTICLE Six. If either Party exercises a termination right, as set forth in Sections 2.04(a)(i), 2.04(a)(ii),or 2.04(a)(ii), or 5.05, a Termination Payment will be calculated in accordance with Section 6.03, the Forward Settlement Amount will be Zero Dollars ($0), the terminating Party will be considered the Non- Non-Defaulting Party and, if the termination occurs before the commencement of the Term, Seller will be entitled to a return of any Development Security provided to Anaheim.

Appears in 1 contract

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

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Termination Rights of the Parties. The termination rights of this Section 2.04(aFour.4(a) are separate and additional to those set forth in ARTICLE Six. Eight.. If either Party exercises a termination right, as set forth in Sections 2.04(a)(iFour.4(a)(i), 2.04(a)(ii),or 5.05Four.4(a)(ii),or Seven.5, a Termination Payment will be calculated in accordance with Section 6.03Eight.3, the Forward Settlement Amount will be Zero Dollars ($0), the terminating Party will be considered the Non- Non-Defaulting Party and, if the termination occurs before the commencement of the Term, Seller will be entitled to a return of any Development Security provided to Anaheim.

Appears in 1 contract

Samples: Renewable Power Purchase and Sale Agreement

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