Common use of MP Termination Events Clause in Contracts

MP Termination Events. ‌ MP has the right, but not the obligation, to terminate this Agreement (a “MP Termination Event”) immediately upon notice to MH upon the termination of any of the MH/MP Agreements prior to the expiry of the term of the applicable agreement, unless the termination occurred due to occurrence of an uncured “Event of Default” (as such term is defined in the applicable agreement) by MP.

Appears in 2 contracts

Samples: Mw Energy Sale Agreement, Mw Energy Sale Agreement

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MP Termination Events. MP has the right, but not the obligation, to terminate this Agreement in the manner described in this Section 13.2 following an occurrence of any of the events, conditions or circumstances specified below (each a “MP Termination Event”) immediately upon notice to ); provided however, if such event, condition, or circumstance constitutes an MH upon the termination Event of any of the MH/Default or an MP Agreements prior to the expiry of the term of the applicable agreement, unless the termination occurred due to occurrence of an uncured “Event of Default” (as such term is defined in , then the applicable agreement) Parties’ rights and obligations shall be governed by MP.Section 13.1:

Appears in 1 contract

Samples: Non Firm Energy Sale Agreement

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MP Termination Events. ‌ MP has the right, but not the obligation, to terminate this Agreement (a “MP Termination Event”) immediately upon notice to MH upon the termination of any of the MH/MP Agreements prior to the expiry of the term of the applicable agreement, unless the termination occurred due to occurrence of an uncured Event of Default” Default (as such term is defined in the applicable agreement) by MP.

Appears in 1 contract

Samples: 2014 Energy Exchange Agreement

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