Common use of Effective Term and Termination Rights Clause in Contracts

Effective Term and Termination Rights. This Agreement becomes effective when executed by both parties and shall continue in effect until terminated. The agreement may be terminated for the following reasons: (a) Customer may terminate this Agreement at any time, by giving the Company sixty days’ written notice; (b) Company may terminate upon failure by the Customer to generate energy from the Facility in parallel with the Company’s system within twelve months after completion of the interconnection; (c) either party may terminate by giving the other party at least sixty days prior written notice that the other Party is in default of any of the material terms and conditions of the Agreement, so long as the notice specifies the basis for termination and there is reasonable opportunity to cure the default; or (d) Company may terminate by giving Customer at least sixty days notice in the event that there is a material change in an applicable rule or statute.

Appears in 3 contracts

Samples: Agreement for Interconnection and Parallel Operation of Distributed, Attachment A (Biofuels Power Corp), Attachment A (Biofuels Power Corp)

AutoNDA by SimpleDocs

Effective Term and Termination Rights. This Agreement becomes effective when executed by both parties Parties and shall continue in effect until terminated. The agreement Agreement may be terminated for the following reasons: (a) Customer may terminate this Agreement at any time, by giving the Company sixty days’ written notice; (b) Company may terminate upon failure by the Customer to generate energy from the Facility Facilities in parallel with the Company’s system facilities within twelve months after completion of the interconnection; (c) either party Party may terminate by giving the other party Party at least sixty days prior days’ written notice that the other Party is in default of any of the material terms and conditions of the Agreement, so long as the notice specifies the basis for termination and there is reasonable opportunity to cure the default; or (d) Company may terminate by giving Customer at least sixty days days’ written notice if possible in the event that there is a material change in an applicable rule or statutestatute that necessitates termination of this Agreement.

Appears in 3 contracts

Samples: texreg.sos.state.tx.us, texreg.sos.state.tx.us, www.puc.texas.gov

Effective Term and Termination Rights. This Agreement becomes effective when executed by both parties and shall continue in effect until terminated. The agreement may be terminated for the following reasons: (a) Customer may terminate this Agreement at any time, by giving the Company sixty days' written notice; (b) Company may terminate upon failure by the Customer to generate energy from the Facility in parallel with the Company’s 's system within twelve months after completion of the interconnection; (c) either party may terminate by giving the other party at least sixty days prior written notice that the other Party is in default of any of the material terms and conditions of the Agreement, so long as the notice specifies the basis for termination and there is reasonable opportunity to cure the default; or (d) Company may terminate by giving Customer at least sixty days notice in the event that there is a material change in an applicable rule or statute.

Appears in 2 contracts

Samples: Interconnection Agreement, Interconnection Agreement

Effective Term and Termination Rights. This Agreement becomes effective when executed by both parties and shall continue in effect until terminated. The agreement may be terminated for the following reasons: (a) Customer the Generator may terminate this Agreement at any time, by giving the Company sixty days’ written notice; (b) the Company may terminate upon failure by the Customer Generator to generate energy from the Facility in parallel with the Company’s system within twelve months after completion of the interconnection; (c) either party may terminate by giving the other party at least sixty days prior written notice that the other Party is in default of any of the material terms and conditions of the Agreement, so long as the notice specifies the basis for termination and there is reasonable opportunity to cure the default; or (d) Company may terminate by giving Customer Generator at least sixty days notice in the event that there is a material change in an applicable rule or statute.

Appears in 1 contract

Samples: 3 Agreement

AutoNDA by SimpleDocs

Effective Term and Termination Rights. This Agreement becomes effective when executed by both parties Parties and shall continue in effect until terminated. The agreement Agreement may be terminated for the following reasons: (a) Customer may terminate this Agreement at any time, by giving the Company sixty days’ written notice; (b) Company may terminate upon failure by the Customer to generate energy from the Facility Facilities in parallel with the Company’s system facilities within twelve months after completion of the interconnection; (c) either party Party may terminate by giving the other party Party at least sixty days prior written notice that the other Party is in default of any of the material terms and conditions of the Agreement, so long as the notice specifies the basis for termination and there is reasonable opportunity to cure the default; or (d) Company may terminate by giving Customer at least sixty days days’ notice in the event that there is a material change in an applicable rule or statutestatute that necessitates termination of this Agreement.

Appears in 1 contract

Samples: Interconnection and Parallel Operation

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