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. This Agreement may be terminated as follows: (a) The Member may terminate this Agreement at any time by giving GVEC at least thirty (30) days prior written notice; (b) GVEC may terminate upon failure by the Member to generate energy from the Installation within six (6) months after the Installation is energized and interconnected; (c) GVEC may terminate by giving the Member at least sixty (60) days prior notice in the event that there is a material change in an applicable law or regulation or any requirement of GVEC’s wholesale electric suppliers or of any transmission utility, independent system operator, or regional transmission organization having responsibility for the operation of any part of GVEC.

Appears in 9 contracts

Samples: Interconnection Agreement, Interconnection Agreement, Interconnection Agreement

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