Common use of Potential Termination Events Clause in Contracts

Potential Termination Events. This Settlement shall be terminable if one of the following events occurs and a cure for that event is not achieved pursuant to Section 8.11.3: A. A condition precedent to license transfer set forth in Section 7.1.4 is not met; B. The Oregon PUC or California PUC do not implement the funding provisions set forth in Sections 4.1 through 4.6; C. Conditions of any Regulatory Approval of Interim Measures, denial of Regulatory Approval of Interim Measures including the failure Timely to approve ESA incidental take authorization, or results of any litigation related to this Settlement are materially inconsistent with the provisions of Section 6.1 through 6.3 and Appendices C and D; D. Conditions or denial of any Regulatory Approval of Facilities Removal or the results of any litigation about such removal, are materially inconsistent with the Settlement; E. The DRE notifies the Parties that it cannot proceed with Facilities Removal because it cannot obtain all permits and contracts necessary for Facilities Removal despite its good faith efforts; or F. California, Oregon, the Federal Parties, or PacifiCorp is materially adversely affected by another Party’s breach of this Settlement.

Appears in 9 contracts

Samples: Settlement Agreement, Settlement Agreement, Settlement Agreement

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