FERC Changes; Rights to Terminate Sample Clauses

FERC Changes; Rights to Terminate. Either Georgia Power or Oglethorpe Power may terminate this Agreement, in its respective sole discretion, following the issuance of a final unappealed order by the FERC or any other final action by any Governmental Authority properly asserting jurisdiction over this Agreement either rejecting this Agreement or accepting this Agreement in a modified form (so that this Agreement is not in substantially the agreed-upon and filed form). Georgia Power or Oglethorpe Power may elect to exercise such right to terminate only within the thirty (30) Day period following the expiration of all periods within which an appeal of such an Order could be filed by any person or entity. If Georgia Power or Oglethorpe Power elects to exercise such right to terminate, then the electing party shall deliver a written notice of such election to the other within the aforementioned period, and this Agreement will be deemed to have been terminated effective upon the date of the other's receipt of such written notice.
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FERC Changes; Rights to Terminate. (a) Subject to the provisions of this Section 18.3, either Georgia Power, Oglethorpe Power or GSOC may terminate this Agreement, upon ninety (90) Days written notice to the other Party, following the issuance of a final FERC order (i) rejecting this Agreement, (ii) approving the same in a modified form where a material condition imposed by the FERC is unacceptable to one or more Parties, or otherwise (iii) requiring modification of this Agreement after it becomes effective, where a material condition imposed by the FERC is unacceptable to one or more Parties; provided, however, that no Party shall exercise such right to terminate after ninety (90) Days following the expiration of all periods within which an appeal of such an order could be filed by any person or entity. (b) Notwithstanding the provisions of Section 3.2 and 18.2, any Party may exercise its right to terminate this Agreement pursuant to Section 18.3(a). If any Party exercises its right to terminate under Section 18.3(a), the Parties agree to use their reasonable best efforts to negotiate a mutually acceptable successor arrangement to this Agreement (to the extent necessary to recognize and accommodate the interrelated nature of the Parties' transmission systems and control area functions within the state of Georgia); provided, however, that Georgia Power may, at any time during such negotiations, unilaterally file at the FERC a notice of termination, effective no earlier than 90 Days following the above notice, and a proposed successor arrangement with Oglethorpe Power to the extent Georgia Power reasonably believes that the Parties will fail to reach an
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Related to FERC Changes; Rights to Terminate

  • Executive’s Right to Terminate Notwithstanding the provisions of paragraph 2.1, Executive shall have the right to terminate his employment under this Agreement for any of the following reasons:

  • Licensee’s Right to Terminate Licensee may, at its option, without prejudice to any other remedies it may have, terminate this agreement by giving written notice of such termination to Licensor as follows: (a) immediately, in the event that Licensor abandons the Licensed Marks or otherwise ceases to support the Licensed Marks in Licensor's business; or (b) immediately in the event of the occurrence of a Bankruptcy with respect to Licensor; or (c) immediately in the event of an occurrence of termination pursuant to Section 13.2(d).

  • Our Right to Terminate We may terminate this Agreement and close your account at any time by giving you 30 days’ written notice; this right is in addition to any other rights to terminate this Agreement or close your account that we may have under this Agreement.

  • Tenant’s Right to Terminate Tenant shall have the right to terminate this Lease following a Casualty if any of the following occurs: (i) Landlord’s Architect determines (which determination shall be made and forwarded to Tenant promptly after such Casualty) that the Premises cannot, with reasonable diligence, be repaired by Landlord to a substantially similar condition as existed prior to such Casualty (or cannot be safely repaired because of the presence of hazardous factors, including, but not limited to, Hazardous Materials, earthquake faults and other similar dangers) within 360 days after the date of such Casualty and the Casualty materially adversely impacts Tenant’s use of a material portion of the Premises, or (ii) the Premises is destroyed or materially damaged during the last twelve (12) months of the Lease Term and Landlord’s Architect determines (which determination shall be made and forwarded to Tenant promptly after such Casualty) that such damage will require more than sixty (60) days to repair, or (iii) the Premises are not actually repaired by Landlord to a substantially similar condition as existed prior to such Casualty within 380 days following such Casualty and the Casualty materially adversely impacts Tenant’s use of a material portion of the Premises. If Tenant elects to terminate this Lease following a Casualty pursuant to this Section 7.3, Tenant shall give Landlord written notice of its election to terminate within thirty (30) days after receipt of Landlord’s Architect’s determination (or within 30 days of the applicable restoration period should Landlord fail to complete repairs during such period), and this Lease shall terminate as of the date of such notice of election to terminate.

  • Company’s Right to Terminate Notwithstanding the provisions of Section 3.1, Company shall have the right to terminate Executive’s employment under this Agreement at any time for any of the following reasons: (a) upon Executive’s death; (b) upon Executive’s Disability; (c) for Cause; or (d) at any time, for any other reason whatsoever, in the sole discretion of the Board.

  • Data Transfer Upon Termination or Expiration Provider will notify the Division of impending cessation of its business and any contingency plans. Provider shall implement its exit plan and take all necessary actions to ensure a smooth transition of service with minimal disruption to the Division. As mutually agreed upon and as applicable, Provider will work closely with its successor to ensure asuccessful transition to the new equipment, with minimal downtime and effect on the Division, all such work to be coordinated and performed in advance of the formal, transition date.

  • Your Right to Terminate You may also terminate this Client Agreement or close your Account at any time by giving us written notice. Your Account will be closed as soon as reasonably practicable after we have received notice, all open Positions are closed, Orders are cancelled, and all of your obligations are discharged.

  • Right to Terminate Either Party may unilaterally terminate this Annex by providing thirty (30) calendar days written notice to the other Party.

  • Landlord’s Right to Terminate Landlord shall have the right to terminate this Lease in the event any of the following occurs, which right may be exercised by delivery to Tenant of a written notice of election to terminate within forty-five (45) days after the date of such damage: A. The Project is damaged by an Insured Peril to such an extent that the estimated cost to restore exceeds ten percent (10%) of the then actual replacement cost thereof, or the Building in which the Premises is located is damaged to such an extent that the estimated cost to restore exceeds twenty-five percent (25%) of the then actual replacement cost thereof; B. Either the Project or the Building is damaged by an Uninsured Peril to such an extent that the estimated cost to restore exceeds two percent (2%) of the then actual replacement cost of the Building; C. The Premises are damaged by any peril within twelve (12) months of the last day of the Lease Term to such an extent that the estimated cost to restore equals or exceeds an amount equal to six (6) times the Base Monthly Rent then due; or D. Either the Project or the Building is damaged by any peril and, because of the Laws then in force, (i) cannot be restored at reasonable cost to substantially the same condition in which it was prior to such damage, or (ii) cannot be used for the same use being made thereof before such damage if restored as required by this Article. E. As used herein, the following terms shall have the following meanings: (i) the term “Insured Peril” shall mean a peril actually insured against for which the insurance proceeds actually received by Landlord (and which are not required to be paid to any Lender) are sufficient (except for any “deductible” amount specified by such insurance) to restore the Project under then existing Laws to the condition existing immediately prior to the damage; and (ii) the term “Uninsured Peril” shall mean any peril which is not an Insured Peril. Notwithstanding the foregoing, if the “deductible” for earthquake or flood insurance exceeds two percent (2%) of the replacement cost of the improvements insured, such peril shall, at Landlord’s election, be deemed an “Uninsured Peril” for purposes of this Lease.

  • Option to Terminate The Client and Contractor shall: (check one)

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