Common use of Participant Termination Clause in Contracts

Participant Termination. Because this CCAA and associated CIs are voluntary agreements, the Participant may terminate enrollment of a specified Enrolled Property in an existing CI at any time so long as the Participant has paid three years of Enrollment Fees in full for the property to be removed. Similarly, the Participant may terminate a CI in its entirety if Participant has paid three years of Enrollment Fees in full for the all Enrolled Property. Property removed pursuant to an amendment of the CI or termination of the CI is hereinafter referred to as “Terminated Property.” The Participant must provide thirty (30) days written notice to WAFWA that it is voluntarily removing an Enrolled Property from the CI or that it is terminating the CI. Operations on the Terminated Property for which the Participant has not paid the Mitigation Fee at the time of property removal or CI termination may proceed as if the CI did not exist, but are not covered by the Permit and thus no longer receive take authorization or assurances under the Permit.