Common use of Conditions Precedent to Withdrawal Clause in Contracts

Conditions Precedent to Withdrawal. Two conditions must be satisfied before a Party can withdraw from the Agreement pursuant to Sections 2.3 “Governmental Action”, 2.4 “Impossibility”, 2.5 “Revocation of Permit” or 2.6 “Withdrawal of Another Party”. First, the Party desiring to withdraw from the Agreement shall provide notice to all other Parties of its intent to withdraw. The notice shall be in writing and either served in person or provided by U.S. Mail return receipt requested. The notice shall state the date upon which the Party’s withdrawal shall become effective. The date upon which the Party’s withdrawal becomes effective shall be no less than sixty- (60) days from the date the notice was provided to all other Parties. Second, prior to the date upon which the Party’s withdrawal becomes effective the withdrawing Party (Parties) must make itself (themselves) available for at least one policy meeting to allow remaining Parties to attempt to persuade the withdrawing Party (Parties) not to withdraw. The policy meeting must take place within the sixty- (60) day period or it is waived.

Conditions Precedent to Withdrawal. Two conditions must be satisfied before a Party can withdraw from the Agreement pursuant to Sections 2.3 “sub-Section 2.2.3 (Governmental Action”), 2.4 “2.2.4 (Impossibility”), 2.5 “sub-Section 2.2.5 (Revocation of Permit” ) or 2.6 “Withdrawal sub-Section 2.2.6 (Withdrawl of Another Party”). First, the Party desiring to withdraw from the Agreement shall provide written notice to all other Parties of its intent to withdraw. The notice shall be in writing and either served in person or provided by U.S. U. S. Mail return receipt requested. The notice shall state the date upon which the Party’s withdrawal shall become effective. The date upon which the Party’s withdrawal becomes effective shall be no less than sixty- sixty (60) days Days from the date the notice was provided to all other Parties. Second, prior to the date upon which the Party’s withdrawal becomes effective the withdrawing Party (Parties) must make itself (themselves) available for at least one policy meeting to allow remaining Parties to attempt to persuade the withdrawing Party (Parties) not to withdraw. The policy meeting must take place within the sixty- sixty (60) day Day period or it is waived.

Conditions Precedent to Withdrawal. Two conditions must be satisfied before a Party can withdraw from the Agreement pursuant to Sections 2.3 “Section 8.2.1 (Non-Compliance), Section 8.2.2 (Governmental Action”), 2.4 “or Section 8.2.3 (Impossibility”, 2.5 “Revocation of Permit” or 2.6 “Withdrawal of Another Party”). First, the Party desiring proposing to withdraw from the Agreement shall provide written notice to all other Parties of the substantive basis for its intent to withdraw. The notice shall include a complete statement of reasons and be served in accordance with the requirements of Section 17.2 (Special Notifications). Second, the substantive basis for the proposed withdrawal must be taken to Dispute Resolution (Section 12). Following Dispute Resolution, a Party choosing to withdraw shall provide all other Parties with notice of withdrawal. The notice shall be in writing and either served in person or provided by U.S. Mail return receipt requestedaccordance with the requirements of Section 17.2 (Special Notifications). The A notice shall state the date upon which the Party’s of withdrawal shall become effective. The date upon which the Party’s withdrawal becomes effective shall be no less than sixty- sixty (60) days from the date the notice was provided to all other Parties. Second, prior The right to the date upon which the Party’s withdrawal becomes effective the withdrawing Party (Parties) must make itself (themselves) available for at least one policy meeting to allow remaining Parties to attempt to persuade the withdrawing Party (Parties) withdraw shall be waived if not to withdraw. The policy meeting must take place exercised within the sixty- sixty (60) day period or it is waiveddays of completion of Dispute Resolution.