{"component": "clause", "props": {"groups": [{"size": 10, "snippet": "(a) In the event the Generating Station is no longer owned or leased by an affiliate of MAEM, this Agreement shall automatically terminate, without penalty and without any further action required by either Party, as of the effective date of the transfer of ownership or termination of the lease of the Generating Station.\n(b) In the event lenders or lessors exercise remedies following a Facility Lease Event of Default, Project Company may terminate this Agreement, without penalty, upon written notice to MAEM.\n(c) Either Party may terminate this Agreement upon sixty (60) days written notice to the other Party.", "snippet_links": [{"key": "in-the-event-the", "type": "clause", "offset": [4, 20]}, {"key": "generating-station", "type": "clause", "offset": [21, 39]}, {"key": "affiliate-of", "type": "definition", "offset": [75, 87]}, {"key": "without-penalty", "type": "definition", "offset": [140, 155]}, {"key": "by-either-party", "type": "clause", "offset": [196, 211]}, {"key": "transfer-of-ownership", "type": "clause", "offset": [245, 266]}, {"key": "termination-of-the-lease", "type": "clause", "offset": [270, 294]}, {"key": "exercise-remedies", "type": "definition", "offset": [358, 375]}, {"key": "facility-lease-event-of-default", "type": "definition", "offset": [388, 419]}, {"key": "project-company", "type": "definition", "offset": [421, 436]}, {"key": "terminate-this-agreement", "type": "clause", "offset": [441, 465]}, {"key": "upon-written-notice", "type": "clause", "offset": [484, 503]}, {"key": "either-party-may-terminate", "type": "clause", "offset": [517, 543]}, {"key": "notice-to-the", "type": "clause", "offset": [588, 601]}, {"key": "other-party", "type": "definition", "offset": [602, 613]}], "samples": [{"hash": "fgZ2mF3NANd", "uri": "/contracts/fgZ2mF3NANd#early-termination-event", "label": "Power Sale, Fuel Supply and Services Agreement (Mirant Mid Atlantic LLC)", "score": 21.0, "published": true}, {"hash": "ec6mVwKI8yZ", "uri": "/contracts/ec6mVwKI8yZ#early-termination-event", "label": "Power Sale, Fuel Supply and Services Agreement (Mirant Americas Generating LLC)", "score": 21.0, "published": true}, {"hash": "dqlBjqvnRbz", "uri": "/contracts/dqlBjqvnRbz#early-termination-event", "label": "Power Sale, Fuel Supply and Services Agreement (Mirant Mid Atlantic LLC)", "score": 21.0, "published": true}], "hash": "1e681232489e4535438acd8335fb6a5c", "id": 1}, {"size": 2, "snippet": "Notwithstanding anything to the contrary herein and/or in the Community Benefits Agreement, MFP and City agree that MFP\u2019s obligation to make ongoing Contributions under the Community Benefits Agreement is conditioned upon both the Ground Lease and the Community Benefits Agreement being valid and active agreements in good standing (the \u201cGood Standing Condition\u201d). In the event that the Good Standing Condition is no longer satisfied (an \u201cEarly Termination Event\u201d), then MFP shall send written notice to the Escrow Agent (\u201cMFP\u2019s Notice\u201d) asserting that an Early Termination Event has occurred, upon which, Escrow Agent shall promptly deliver a copy thereof to City. If by 5:00 p.m., local time, on the date which is five (5) business days following delivery of MFP\u2019s Notice to City, City objects to MFP\u2019s Notice by written notice received by Escrow Agent (\u201cCity\u2019s Objection Notice\u201d), then Escrow Agent shall not disburse the Contribution(s) to MFP until the dispute is resolved. However, if City does not deliver City\u2019s Objection Notice to Escrow Agent by 5:00 p.m., local time, on the date that is five (5) business days following City\u2019s receipt of MFP\u2019s Notice from Escrow Agent, then (i) Escrow Agent shall disburse any portion of any Contribution(s) in Escrow Agent\u2019s possession to MFP, and (ii) MFP\u2019s obligation to make any further Contributions shall immediately cease and terminate.", "snippet_links": [{"key": "notwithstanding-anything-to-the-contrary", "type": "clause", "offset": [0, 40]}, {"key": "community-benefits-agreement", "type": "clause", "offset": [62, 90]}, {"key": "obligation-to", "type": "clause", "offset": [122, 135]}, {"key": "ongoing-contributions", "type": "clause", "offset": [141, 162]}, {"key": "the-ground-lease", "type": "clause", "offset": [227, 243]}, {"key": "in-good-standing", "type": "clause", "offset": [315, 331]}, {"key": "in-the-event", "type": "clause", "offset": [365, 377]}, {"key": "the-escrow-agent", 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"score": 30.4165439606, "published": true}, {"hash": "9Ya0SRFs4Ev", "uri": "/contracts/9Ya0SRFs4Ev#early-termination-event", "label": "Community Benefits Agreement", "score": 30.4165439606, "published": true}], "hash": "39874871b48fd61d47d6609207848255", "id": 8}, {"size": 4, "snippet": "(a) In the event a Generating Station is no longer owned or leased by Project Company, this Agreement shall automatically terminate with respect to such Generating Station, without penalty and without any further action required by either Party, as of the effective date of the transfer of ownership or termination of the lease of the Generating Station.\n(b) In the event Project Company ceases to be an Affiliate of MAEM, this Agreement shall automatically terminate, without penalty and without any further action required by either Party, as of the effective date of the transfer of ownership or control of Project Company or MAEM, as applicable.\n(c) In the event lenders or lessors exercise remedies following a Facility Lease Event of Default, Project Company may terminate this Agreement, without penalty, upon written notice to MAEM.", "snippet_links": [{"key": "in-the-event", "type": "clause", "offset": [4, 16]}, {"key": "generating-station", "type": "clause", "offset": [19, 37]}, {"key": "project-company", "type": "definition", "offset": [70, 85]}, {"key": "with-respect-to", "type": "clause", "offset": [132, 147]}, {"key": "without-penalty", "type": "definition", "offset": [173, 188]}, {"key": "by-either-party", "type": "clause", "offset": [229, 244]}, {"key": "effective-date-of-the-transfer", "type": "definition", "offset": [256, 286]}, {"key": "termination-of-the-lease", "type": "clause", "offset": [303, 327]}, {"key": "affiliate-of", "type": "definition", "offset": [404, 416]}, {"key": "control-of-project", "type": "clause", "offset": [599, 617]}, {"key": "exercise-remedies", "type": "definition", "offset": [686, 703]}, {"key": "facility-lease-event-of-default", "type": "definition", "offset": [716, 747]}, {"key": "terminate-this-agreement", "type": "clause", "offset": [769, 793]}, {"key": "notice-to", "type": "definition", "offset": [825, 834]}], "samples": [{"hash": "j7ygNmFoYDq", "uri": "/contracts/j7ygNmFoYDq#early-termination-event", "label": "Power Sale, Fuel Supply and Services Agreement (Mirant Mid Atlantic LLC)", "score": 18.0, "published": true}, {"hash": "goLd4QYGKDu", "uri": "/contracts/goLd4QYGKDu#early-termination-event", "label": "Power Sale, Fuel Supply and Services Agreement (Mirant Mid Atlantic LLC)", "score": 18.0, "published": true}, {"hash": "e8EnOpaVxfl", "uri": "/contracts/e8EnOpaVxfl#early-termination-event", "label": "Power Sale, Fuel Supply and Services Agreement (Mirant Mid Atlantic LLC)", "score": 18.0, "published": true}], "hash": "bc5bd0a469ae2a6151a0c3cfaf8c7f3d", "id": 3}, {"size": 5, "snippet": "(a) In the event a Generating Station is no longer partially owned by an affiliate of MAEM, this Agreement shall automatically terminate with respect to such Generating Station, without any further action required by any Party, as of the effective date of the transfer of ownership of the Generating Station.\n(b) Any Party may terminate this Agreement as it relates to such Party upon sixty (60) days written notice to the other Parties.", "snippet_links": [{"key": "in-the-event", "type": "clause", "offset": [4, 16]}, {"key": "generating-station", "type": "clause", "offset": [19, 37]}, {"key": "owned-by", "type": "definition", "offset": [61, 69]}, {"key": "affiliate-of", "type": "definition", "offset": [73, 85]}, {"key": "with-respect-to", "type": "clause", "offset": [137, 152]}, {"key": "by-any-party", "type": "clause", "offset": [214, 226]}, {"key": "ownership-of-the", "type": "clause", "offset": [272, 288]}, {"key": "terminate-this-agreement", "type": "clause", "offset": [327, 351]}, {"key": "relates-to", "type": "definition", "offset": [358, 368]}, {"key": "such-party", "type": "clause", "offset": [369, 379]}, {"key": "the-other-parties", "type": "clause", "offset": [419, 436]}], "samples": [{"hash": "e9GLGtbNMrN", "uri": "/contracts/e9GLGtbNMrN#early-termination-event", "label": "Power Sale, Fuel Supply and Services Agreement (Mirant Americas Generating LLC)", "score": 21.0, "published": true}, {"hash": "bPmkOfC4qck", "uri": "/contracts/bPmkOfC4qck#early-termination-event", "label": "Power Sale, Fuel Supply and Services Agreement (Mirant Americas Generating LLC)", "score": 21.0, "published": true}, {"hash": "98iDzMdSh1j", "uri": "/contracts/98iDzMdSh1j#early-termination-event", "label": "Power Sale, Fuel Supply and Services Agreement (Mirant Americas Generating LLC)", "score": 21.0, "published": true}], "hash": "89cbb8ef5b66e6e176dbbdb56232eb37", "id": 2}, {"size": 4, "snippet": "(a) Any of the following events or occurrences will constitute an \u201cEarly Termination Event\u201d with respect to the Revolving Facility and the Revolving Facility Pool:", "snippet_links": [{"key": "with-respect-to", "type": "clause", "offset": [92, 107]}, {"key": "the-revolving-facility", "type": "clause", "offset": [108, 130]}, {"key": "revolving-facility-pool", "type": "definition", "offset": [139, 162]}], "samples": [{"hash": "eNryhXngMuD", "uri": "/contracts/eNryhXngMuD#early-termination-event", "label": "Collateral Agency Agreement (Mercedes-Benz Auto Lease Trust 2023-A)", "score": 34.4072570801, "published": true}, {"hash": "2Fve7JdSZNw", "uri": "/contracts/2Fve7JdSZNw#early-termination-event", "label": "Collateral Agency Agreement (Mercedes-Benz Auto Lease Trust 2023-A)", "score": 34.3661880493, "published": true}, {"hash": "6JjIZVH75JJ", "uri": "/contracts/6JjIZVH75JJ#early-termination-event", "label": "Collateral Agency Agreement (Daimler Trust)", "score": 23.1273097992, "published": true}], "hash": "871901b85ba4fd3ea8aed1a83dc7760d", "id": 4}, {"size": 3, "snippet": "In the event of the occurrence of a Swap Early Termination Event, notwithstanding anything to the contrary in Section 5.2 of the Standard Terms, the Notes will be deemed to have been declared to be immediately due and payable without need for any additional consents.", "snippet_links": [{"key": "in-the-event-of", "type": "definition", "offset": [0, 15]}, {"key": "swap-early-termination", "type": "clause", "offset": [36, 58]}, {"key": "notwithstanding-anything-to-the-contrary", "type": "clause", "offset": [66, 106]}, {"key": "section-52", "type": "clause", "offset": [110, 121]}, {"key": "standard-terms", "type": "clause", "offset": [129, 143]}, {"key": "the-notes", "type": "clause", "offset": [145, 154]}, {"key": "due-and-payable", "type": "definition", "offset": [210, 225]}, {"key": "additional-consents", "type": "definition", "offset": [247, 266]}], "samples": [{"hash": "aPxirHDQep8", "uri": "/contracts/aPxirHDQep8#early-termination-event", "label": "Series Trust Indenture (Structured Products Corp)", "score": 18.0, "published": true}, {"hash": "8rL7aEiQdlI", "uri": "/contracts/8rL7aEiQdlI#early-termination-event", "label": "Series Trust Indenture (Structured Products Corp)", "score": 18.0, "published": true}, {"hash": "5MUvruGKffj", "uri": "/contracts/5MUvruGKffj#early-termination-event", "label": "Series Trust Indenture (Structured Products Corp)", "score": 18.0, "published": true}], "hash": "edd17558f005ac5a073b97e99fd8caef", "id": 5}, {"size": 3, "snippet": "If any event of Force Majeure prevents the sale and delivery or the purchase and receipt of at least 6,000,000 SCF of Product over any twelve (12) consecutive month period, the non-claiming Party shall have the right to terminate this Agreement by providing Notice to the Party claiming Force Majeure and such termination shall have immediate effect. If any amount of the Advance remains outstanding and unpaid at such time, the Seller shall repay the Advance in full, together with all accrued and unpaid interest thereon, within five (5) days of the Agreement being terminated.", "snippet_links": [{"key": "event-of-force-majeure", "type": "definition", "offset": [7, 29]}, {"key": "sale-and-delivery", "type": "clause", "offset": [43, 60]}, {"key": "the-purchase", "type": "clause", "offset": [64, 76]}, {"key": "receipt-of", "type": "clause", "offset": [81, 91]}, {"key": "the-non", "type": "clause", "offset": [173, 180]}, {"key": "claiming-party", "type": "definition", "offset": [181, 195]}, {"key": "right-to-terminate-this-agreement", "type": "clause", "offset": [211, 244]}, {"key": "the-party", "type": "clause", "offset": [268, 277]}, {"key": "termination-shall", "type": "clause", "offset": [310, 327]}, {"key": "immediate-effect", "type": "clause", "offset": [333, 349]}, {"key": "the-advance", "type": "clause", "offset": [368, 379]}, {"key": "the-seller-shall", "type": "clause", "offset": [425, 441]}, {"key": "accrued-and-unpaid-interest", "type": "definition", "offset": [487, 514]}, {"key": "the-agreement", "type": "clause", "offset": [548, 561]}], "samples": [{"hash": "hsAUtnTpjGr", "uri": "/contracts/hsAUtnTpjGr#early-termination-event", "label": "Contract for Sale and Purchase of Liquid Helium (New ERA Energy & Digital, Inc.)", "score": 36.8028747433, "published": true}, {"hash": "4JgrlOWevGU", "uri": "/contracts/4JgrlOWevGU#early-termination-event", "label": "Contract for Sale and Purchase of Liquid Helium (Roth CH v Holdings, Inc.)", "score": 35.6036949158, "published": true}, {"hash": "jBtFaGDSxXu", "uri": "/contracts/jBtFaGDSxXu#early-termination-event", "label": "Contract for Sale and Purchase of Liquid Helium (Roth CH v Holdings, Inc.)", "score": 35.4887046814, "published": true}], "hash": "63f8a03d7d554e5ffe0148bccadb28e6", "id": 6}, {"size": 3, "snippet": "The Individual (Counter-)Guarantee Agreement contains certain events of default, including non-payment, breach of obligation, insolvency, unlawfulness, sanctions and misrepresentation. The occurrence of an event of default, if it has not been remedied within the relevant grace period (if any), may result in the termination of the (Counter- )Guarantee before the scheduled Individual (Counter-)Guarantee Termination Date. Anticipated Expiration of Final Recipient Transaction During the Inclusion Period the Financial Intermediary may report certain Guarantee Transactions included in its Individual Portfolio (which have not yet matured and for which no Payment Demand has been submitted, but for which the Financial Intermediary decides to discontinue the coverage by the EIF6 as expired). Such Guarantee Transactions shall be considered expired and shall not be covered by the (Counter-)Guarantee as from the date of expiration as reported to the EIF. Final Recipient Transaction Default Means with regards to Export Credit Transaction or Confirmed Letter of Credit transaction, the event whereby, in case of: (i) the Export Credit Transaction, the Importer; or (ii) Confirmed Letter of Credit, the issuing bank of the relevant letter of credit, 1. fails to meet any payment obligation under the relevant Guarantee Transaction, in line with the Financial (Sub-)Intermediary\u2019s credit and collection policies, and which has continued for at least ninety (90) consecutive calendar days from the first missed payment from the Importer (or in case of Confirmed Letter of Credit, from the issuing bank of the relevant letter of credit), and 2. provided that, the payment obligation of the Importer (or in case of Confirmed Letter of Credit, the issuing bank) is not discharged and remains due and payable under such Guarantee Transaction, following payment by the Financial Intermediary. Defaulted Amounts Means any amount due to be paid by the Financial Intermediary to the Target Final Recipient (or to the Financial Sub-Intermediary, as applicable) under the terms of a covered Guarantee Transaction, as agreed between the EIF and the Financial Intermediary and specified in the Individual (Counter-)Guarantee Agreement, excluding late payment or default interest, capitalised interest, fees and any other costs and expenses, and any interest amounts which accrued after a period of ninety (90) consecutive calendar days from the first missed payment from the Importer, or in case of Confirmed Letter of Credit, from the issuing bank of the relevant letter of credit. 6 This can be for example the case when the Financial Intermediary\u2019s coverage is terminated before the maturity and/or when the Financial Intermediary has provided its coverage under the Final Recipient Transaction for events or circumstances not covered by the Export Credit (Counter-)Guarantee, such as the occurrence of a risk other than a credit risk. Final Recipient Transaction Eligibility Criteria Each Final Recipient Transaction shall comply with each of the following eligibility criteria: 1. It shall be in the form of an Export Credit Transaction or a Confirmed Letter of Credit; 2. It shall be signed7 during the Inclusion Period8; 3. It shall be denominated in (i) EUR, (ii) another tradeable \u2587\u2587\u2587\u2587\u2587\u2587\u2587\u2587\u2587 that is the legal tender of the Member State, or Other Participating Country as applicable, where the Final Recipient is established, or (iii) currencies9 other than the legal tender of the Member State, or Other Participating Country as applicable, where the Final Recipient is established and other than EUR, only when there is a strong economic rationale for doing so; 4. It shall have a minimum contractual maturity of (1) month; 5. It shall not support any of the InvestEU Excluded Activities10; 6. It shall comply with the requirements set under the Sustainability Proofing10; and 7. It shall comply with any additional Final Recipient Transaction eligibility criteria that may be specified in the relevant Individual (Counter-)Guarantee Agreement. Intermediary Transaction Eligibility Criteria An Intermediary Transaction shall comply with each of the following eligibility criteria: 1. It must be signed during the Inclusion Period11; 2. It shall be denominated in the relevant underlying Final Recipient Transaction currency12; 3. It shall cover, directly the principal amount of one or more underlying Final Recipient Transaction(s) at the applicable Guarantee Rate; 4. It shall cover (directly) Final Recipient Transactions meeting the Final Recipient Transactions Eligibility Criteria specified above; 5. 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(b) the holder of any other Debt or claim against the Company in excess of (either individually or in the aggregate) $150,000 initiates any judicial proceeding or action to collect any portion of such other Debt or claim, or exercises any right of set-off or counterclaim against the Company or commences any foreclosure action against any of the assets of the Company; and (c) any voluntary or involuntary insolvency, bankruptcy, receivership, custodianship, liquidation, dissolution, reorganization, assignment for the benefit of creditors, appointment of a custodian, receiver, trustee or other officer with similar powers or any other proceeding for the liquidation, dissolution or other winding up of the Company. 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This clause typically outlines what events\u2014such as a party's insolvency, breach of contract, or changes in law\u2014will trigger the right to terminate the agreement early, and may specify the procedures and consequences that follow such termination. Its core practical function is to provide both parties with a clear mechanism for exiting the contract in response to significant, predefined events, thereby managing risk and ensuring certainty in the contractual relationship."}, "json": true, "cursor": ""}}