Common use of Opt-Out Election Clause in Contracts

Opt-Out Election. If and after Restructuring is implemented during the term of this Agreement, and if allowed by the law, the Seller shall have the election, but not the obligation, by notice as provided herein to the Buyer and the Authority, at any time up until five (5) years prior to the termination date of this Agreement as specified herein, to unilaterally opt-out of and avoid this Agreement, but only for the purpose of participating in the Restructured power market.

Opt-Out Election. If and after Restructuring is implemented during the term of this Agreement, and if allowed by the law, the Seller shall have the election, but not the obligation, by notice as provided herein to the Buyer and the Authority, at any time up until five (5) years prior to the termination date of this Agreement as specified herein, to unilaterally opt-out of and avoid this Agreement, but only for the purpose of participating in the Restructured Restructured19 power market.

Opt-Out Election. If and after Restructuring is implemented during the term of this AgreementAGREEMENT, and if allowed by the law, at any time up until five (5) years prior to the termination of this AGREEMENT as specified herein, the Seller shall have the election, but not the obligation, by notice as provided herein to the Buyer and the Authority, at any time up until five (5) years prior to the termination date of this Agreement as specified hereinRegulator, to unilaterally opt-out of and avoid this AgreementAGREEMENT, but only for the purpose of participating in the Restructured power market.

Opt-Out Election. If and after Restructuring is implemented during the term of this AgreementAGREEMENT, and if allowed by the law, the Seller shall have the election, but not the obligation, by notice as provided herein to the Buyer and the Authority, at any time up until five (5) years prior to the termination date of this Agreement AGREEMENT as specified herein, to unilaterally opt-out of and avoid this AgreementAGREEMENT, but only for the purpose of participating in the Restructured power market.

Opt-Out Election. If and after Restructuring is implemented during the term of this AgreementAGREEMENT, and if allowed by the law, at any time up until five (5) years prior to the termination of this AGREEMENT as specified herein, the Seller shall have the election, but not the obligation, by notice as provided herein to the Buyer and the Authority, at any time up until five (5) years prior to the termination date of this Agreement as specified herein, to unilaterally opt-out of and avoid this AgreementAGREEMENT, but only for the purpose of participating in the Restructured power market.

Opt-Out Election. If and after Restructuring is implemented during the term of this Agreement, and if allowed by the law, at any time up until five (5) years prior to the termination of this Agreement as specified herein, the Seller shall have the election, but not the obligation, by notice as provided herein to the Buyer and the Authority, at any time up until five (5) years prior to the termination date of this Agreement as specified herein, to unilaterally opt-out of and avoid this Agreement, but only for the purpose of participating in the Restructured power market.