Common use of Project Termination Clause in Contracts

Project Termination. ‌ 1. Termination of this Site Certification Agreement, except pursuant to its own terms, is an amendment of this Agreement. 2. The Certificate Holder shall notify EFSEC of its intent to terminate the Project, including by concluding the plant’s operations, or by suspending construction and abandoning the Project. 3. The Council may terminate the SCA through the process described in WAC 000-00-000, and the Council may initiate that process where it has objective evidence that a certificate may be abandoned or when it deems such action to be necessary, including at the conclusion of the plant’s operating life, or in the event the Project is suspended or abandoned during construction or before it has completed its useful operating life.

Project Termination. ‌ 1. Termination of this Site Certification Agreement, except pursuant to its own terms, is an amendment of this Agreement. 2. The Certificate Holder shall notify EFSEC of its intent to terminate the Project, including by concluding the plant’s operations, or by suspending construction and abandoning the Project. 3. The Council may terminate the SCA through the process described in WAC 000463-00-00066- 090, and the Council may initiate that process where it has objective evidence that a certificate may be abandoned or when it deems such action to be necessary, including at the conclusion of the plant’s operating life, or in the event the Project is suspended or abandoned during construction or before it has completed its useful operating life.

Project Termination. ‌ 1. Termination of this Site Certification Agreement, except pursuant to its own terms, is an amendment of this Agreement. 2. The Certificate Holder shall notify EFSEC of its intent to terminate the Project, including by concluding the plant’s operations, or by suspending construction and abandoning the Project. 3. The Council may terminate the SCA through the process described in WAC 000463-00-00066- 090, and the Council may initiate that process where it has objective evidence that a the certificate may be abandoned or when it deems such action to be necessary, including at the conclusion of the plant’s operating life, or in the event the Project is suspended or abandoned during construction or before it has completed its useful operating life.

Project Termination. ‌ 1. Termination of this Site Certification Agreement, except pursuant to its own terms, is an amendment of this Agreement. 2. The Certificate Holder shall notify EFSEC of its intent to terminate the Project, including by concluding the plant’s operations, or by suspending construction and abandoning the Project. 3. The Council may terminate the SCA through the process described in WAC 000463-00-00066- 090, and the Council may initiate that process where it has objective evidence that a certificate may be abandoned or when it deems such action to be necessary, including at the conclusion of the plant’s operating life, or in the event the Project is suspended or abandoned during construction or before it has completed its useful operating life.