Common use of Limitations on the Parties’ Decommissioning Rights and Obligations Clause in Contracts

Limitations on the Parties’ Decommissioning Rights and Obligations. The following provisions shall apply, notwithstanding anything herein to the contrary: (a) Subject to Section 3.5(a)(iii), following termination of this Agreement pursuant to Section 3.3.2, the Parties shall have no rights or obligations under this Section 9.3 or any other provision in this Agreement with respect to the Decommissioning of the Northern Pass Transmission Line. (b) If Owner shall have failed to comply with the provisions of Section 5.1.2(a)(ii)(A), then, subject to Section 3.5(a)(iii), following termination of this Agreement pursuant to Section 3.3.3, the Parties shall have no rights or obligations under this Section 9.3 or any other provision in this Agreement with respect to the Decommissioning of the Northern Pass Transmission Line. (c) If Owner shall have failed to comply with the provisions of Section 5.1.2(a)(ii), then, subject to Section 3.5(a)(iii), following termination of this Agreement pursuant to Section 3.3.5(a), the Parties shall have no rights or obligations under this Section 9.3 or any other provision in this Agreement with respect to the Decommissioning of the Northern Pass Transmission Line.

Appears in 4 contracts

Samples: Transmission Service Agreement, Transmission Service Agreement (Public Service Co of New Hampshire), Transmission Service Agreement (Public Service Co of New Hampshire)

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