Effect of Designation of an Early Termination Date Sample Clauses

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Clause: Effect of Designation of an Early Termination Date

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Effect of Designation of an Early Termination Date. (a) If notice designating an Early Termination Date is properly given in accordance with the terms of this Agreement, the termination of the Agreement will occur on the date so designated, whether or not the relevant MH Termination Event or SaskPower Termination Event is continuing on such Early Termination Date. (b) Upon the effective designation of an Early Termination Date, MH shall have no further obligation to offer or Schedule, and SaskPower shall have no further obligation to accept or Schedule Energy or to pay for the System Capacity pursuant to the terms hereof, but without prejudice to the other provisions of this Agreement. The amount, if any, payable in respect of an Early Termination Date arising out of either the MH Termination Event or the SaskPower Termination Event shall be determined pursuant to Section ●(4).

Effect of Designation of an Early Termination Date. On the Early Termination Date, all obligations under all Transactions so designated under Section 8(a) shall be terminated, except as provided below.

Effect of Designation of an Early Termination Date. Upon designation of an Early Termination Date, all payment or delivery obligations of the Non-Defaulting Party under all Transactions shall be suspended, except as provided herein. On the Early Termination Date, all Transactions shall be terminated.

Effect of Designation of an Early Termination Date. (a) If notice designating an Early Termination Date is properly given in accordance with the terms of this Agreement, the termination of the Agreement will occur on the date so designated, whether or not the relevant Termination Event is continuing on such Early Termination Date. (b) Upon the effective designation of an Early Termination Date, the terminating Party shall have no further obligation to offer or Schedule, and the non- terminating Party shall have no further obligation to accept or Schedule Energy pursuant to the terms hereof, but without prejudice to the other provisions of this Agreement. The amount, if any, payable in respect of an Early Termination Date arising out of the Termination Event shall be determined pursuant to Section 15.2(3).

Effect of Designation of an Early Termination Date