Common use of Additional NATIONAL GRID Rights Clause in Contracts

Additional NATIONAL GRID Rights. In addition to the termination rights set forth in Section 9.1 and 9.2 above, NATIONAL GRID has the following additional rights under the Agreement: 9.3.1 In the event of the issuance of an order by a court of competent jurisdiction staying the implementation of or overturning the orders of the PSC regarding the Program, NATIONAL GRID shall have the right to immediately terminate this Agreement; 9.3.2 In the event of XXXX’x failure to comply with the Tariff, or with any tariffs on file with the FERC that may be applicable to the Program, or with any PSC requirements applicable to the Program, NATIONAL GRID shall have the right to exercise any such rights authorized and provided in the Tariff or tariffs or by any PSC requirements applicable to the Program including the right to immediately terminate this Agreement; 9.3.3 In the event of ESCO’s failure to maintain in place at all times, any and all governmental approvals, if required, for ESCO to receive service from NATIONAL GRID under this Agreement or to sell the Energy Commodity to Customers, whether such approvals are issued by the PSC or other state or federal regulatory authority of competent jurisdiction, NATIONAL GRID shall have the right to immediately terminate this Agreement upon the expiration of any applicable cure period provided to ESCO by such state or regulatory authority; and 9.3.4 In the event of ESCO’s breach of this Agreement, or any other written agreement with NATIONAL GRID, in connection with the Program, NATIONAL GRID shall have the right to terminate this Agreement in the event such breach continues uncured for ten days after written notice by NATIONAL GRID.

Appears in 3 contracts

Samples: Billing Services Agreement, Billing Services Agreement, Billing Services Agreement

AutoNDA by SimpleDocs

Additional NATIONAL GRID Rights. In addition to the termination rights set forth in Section 9.1 and 9.2 above, NATIONAL GRID has the following additional rights under the Agreement: 9.3.1 In the event of the issuance of an order by a court of competent jurisdiction staying the implementation of or overturning the orders of the PSC regarding the Program, NATIONAL GRID shall have the right to immediately terminate this Agreement; 9.3.2 In the event of XXXX’x ESCO’s failure to comply with the Tariff, or with any tariffs on file with the FERC that may be applicable to the Program, or with any PSC requirements applicable to the Program, NATIONAL GRID shall have the right to exercise any such rights authorized and provided in the Tariff or tariffs or by any PSC requirements applicable to the Program including the right to immediately terminate this Agreement; 9.3.3 In the event of ESCO’s failure to maintain in place at all times, any and all governmental approvals, if required, for ESCO to receive service from NATIONAL GRID under this Agreement or to sell the Energy Commodity to Customers, whether such approvals are issued by the PSC or other state or federal regulatory authority of competent jurisdiction, NATIONAL GRID shall have the right to immediately terminate this Agreement upon the expiration of any applicable cure period provided to ESCO by such state or regulatory authority; and 9.3.4 In the event of ESCO’s breach of this Agreement, or any other written agreement with NATIONAL GRID, in connection with the Program, NATIONAL GRID shall have the right to terminate this Agreement in the event such breach continues uncured for ten days after written notice by NATIONAL GRID.

Appears in 2 contracts

Samples: Billing Services Agreement, Billing Services Agreement

AutoNDA by SimpleDocs

Additional NATIONAL GRID Rights. In addition to the termination rights set forth in Section 9.1 and 9.2 above, NATIONAL GRID has the following additional rights under the Agreement: 9.3.1 In the event of the issuance of an order by a court of competent jurisdiction staying the implementation of or overturning the orders of the PSC regarding the Program, NATIONAL GRID shall have the right to immediately terminate this Agreement; 9.3.2 In the event of XXXX’x ESCO’s failure to comply with the Tariff, or with any tariffs on file with the FERC that may be applicable to the Program, or with any PSC requirements applicable to the Program, NATIONAL GRID shall have the right to exercise any such rights authorized and provided in the Tariff or tariffs or by any PSC requirements applicable to the Program including the right to immediately terminate this Agreement;requirements 9.3.3 In the event of ESCO’s failure to maintain in place at all times, any and all governmental approvals, if required, for ESCO to receive service from NATIONAL GRID under this Agreement or to sell the Energy Commodity to Customers, whether such approvals are issued by the PSC or other state or federal regulatory authority of competent jurisdiction, NATIONAL GRID shall have the right to immediately terminate this Agreement upon the expiration of any applicable cure period provided to ESCO by such state or regulatory authority; and 9.3.4 In the event of ESCO’s breach of this Agreement, or any other written agreement with NATIONAL GRID, in connection with the Program, NATIONAL GRID shall have the right to terminate this Agreement in the event such breach continues uncured for ten days after written notice by NATIONAL GRID.

Appears in 1 contract

Samples: Agreement for Billing Services and for the Purchase of Electric Accounts Receivable

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!