Common use of Option Of Withdrawal Clause in Contracts

Option Of Withdrawal. Any Party to this Agreement may exercise an option to withdraw at its discretion from this Agreement if a second Material Violation of Agreement Flow Schedules has occurred. However, if such withdrawal occurs, then this Agreement will remain in effect among the remaining Parties. If all Parties to this Agreement besides YCWA and CDFG withdraw under this section, and if CDFG withdraws under this section or section 6.1.5, then this Agreement will terminate. If such termination occurs, then the last sentence of section 6.1.5 will apply.

Appears in 3 contracts

Samples: Fisheries Agreement, Fisheries Agreement, Fisheries Agreement

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Option Of Withdrawal. Any Party to this Agreement may exercise an option to withdraw at its discretion from this Agreement Agreement: (a) before May 1, 2016, if a second Material Violation of Agreement Flow Schedules has occurred; or (b) for any reason on or after May 1, 2016. However, if such withdrawal occurs, then this Agreement will remain in effect among the remaining Parties. If all Parties to this Agreement besides YCWA and CDFG withdraw under this section, and if CDFG withdraws under this section or section 6.1.5, then this Agreement will terminate. If such termination occurs, then the last sentence of section 6.1.5 will apply.

Appears in 2 contracts

Samples: Lower Yuba River Fisheries Agreement, Lower Yuba River Fisheries Agreement

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