Conditional Right to Terminate Upon Material Reallocation of Costs Sample Clauses

Conditional Right to Terminate Upon Material Reallocation of Costs. In the event that the Utility Regulator reallocates costs within the Facility between the Parties in an amount that is greater than or equal to [REDACTED: Dollar Amount], then Owner shall thereupon have the right, exercisable upon not less than 3 Business Days advance written notice to Contractor to terminate this Agreement. Notwithstanding the foregoing, in the event that Contractor agrees to assume the excess of the amount of costs reallocated by the Utility Regulator over [REDACTED: Dollar Amount], there shall be no right to terminate this Agreement.
Sample 1
AutoNDA by SimpleDocs
Conditional Right to Terminate Upon Material Reallocation of Costs. In the event that the Utility’s final reconciliation of the interconnection costs for a Facility results in an increase in the EPC Price that is greater than or equal to Fifty Thousand Dollars ($50,000), then Owner shall thereupon have the right, exercisable upon not less than three (3) Business Days advance written notice to Contractor, to terminate this Agreement.
Sample 1
Conditional Right to Terminate Upon Material Reallocation of Costs. In the event that the PSCW reallocates costs within the Facility between the State and MGE Power or between the State Assets and the MGE Power Assets in an amount that is greater than or equal to Five Million Dollars ($5,000,000), then the Party to whom additional costs are allocated shall thereupon have the right, exercisable upon not less than three (3) Business Days advance written notice to the other to terminate this Agreement. Notwithstanding the foregoing, in the event that the other Party agrees to assume the difference in cost between the amount of costs reallocated by the PSCW and $5,000,000 increase over the Allocated Share of the Cost of the Work payable by the Party to whom additional costs are reallocated, there shall be no right to terminate this Agreement.
Sample 1

Related to Conditional Right to Terminate Upon Material Reallocation of Costs

  • Right to Terminate Following Termination Event Sections 6(b)(ii)-(iv) are deleted in their entirety and replaced by the following:

  • Reservation of Right to Terminate Relationship Nothing contained in this Agreement shall restrict the right of the Company to terminate the relationship of the Optionee at any time, with or without cause. The termination of the relationship of the Optionee by the Company, regardless of the reason therefor, shall have the results provided for in Sections 3 and 4 of this Agreement.

  • Right to Terminate Following Event of Default If at any time an Event of Default with respect to a party (the “Defaulting Party”) has occurred and is then continuing, the other party (the “Non-defaulting Party”) may, by not more than 20 days notice to the Defaulting Party specifying the relevant Event of Default, designate a day not earlier than the day such notice is effective as an Early Termination Date in respect of all outstanding Transactions. If, however, “Automatic Early Termination” is specified in the Schedule as applying to a party, then an Early Termination Date in respect of all outstanding Transactions will occur immediately upon the occurrence with respect to such party of an Event of Default specified in Section 5(a)(vii)(1), (3), (5), (6) or, to the extent analogous thereto, (8), and as of the time immediately preceding the institution of the relevant proceeding or the presentation of the relevant petition upon the occurrence with respect to such party of an Event of Default specified in Section 5(a)(vii)(4) or, to the extent analogous thereto, (8).

  • Rights and Obligations Upon Termination (a) In the event of Employer’s termination of the Term (and Executive’s employment) pursuant to Section 5.3 (which, for the avoidance of doubt, is a termination Without Cause), Employer shall pay Executive:

  • Obligations Upon Termination Upon termination of this Agreement, either party shall, at the request of the other party, return any document, material, database, equipment, or software containing the Confidential Information to the other party. If, for any reason, such document, material, database, equipment, or software cannot be returned, either party shall destroy all the Confidential Information belonging to the other party and delete such Confidential Information from any memory devices. No party shall be permitted to continue using the Confidential Information in any way after the termination of this Agreement.

  • Actions Upon Termination In the event of termination not the fault of the Contractor, the Contractor shall be paid for the services properly performed prior to termination, together with any reimbursable expenses then due, but in no event shall such compensation exceed the maximum compensation to be paid under the Contract. The Contractor agrees that this payment shall fully and adequately compensate the Contractor and all subcontractors for all profits, costs, expenses, losses, liabilities, damages, taxes, and charges of any kind whatsoever (whether foreseen or unforeseen) attributable to the termination of this Contract. Upon termination for any reason, the Contractor shall provide Seattle with the most current design documents, contract documents, writings and other product it has completed to the date of termination, along with copies of all project-related correspondence and similar items. Seattle shall have the same rights to use these materials as if termination had not occurred.

  • Right to Terminate Either Party may unilaterally terminate this Annex by providing thirty (30) calendar days written notice to the other Party.

  • Right to Terminate Registration The Company shall have the right to terminate or withdraw any registration initiated by it under this Section 2.3 prior to the effectiveness of such registration whether or not any Holder has elected to include securities in such registration. The Registration Expenses of such withdrawn registration shall be borne by the Company in accordance with Section 2.5 hereof.

Time is Money Join Law Insider Premium to draft better contracts faster.