RENEWAL AND EARLY TERMINATION Sample Clauses

RENEWAL AND EARLY TERMINATION. Seller will notify Buyer in accordance with the Public Utilities Commission of Ohio regulations of renewal terms and conditions. Upon expiration of the Agreement, Buyer will automatically renew on a month‐to‐month basis at Seller’s monthly market price. There are no early termination options other than those granted in this Gas Sales Agreement. If Buyer terminates this Agreement prior to the stated expiration date, Buyer will be responsible to pay Seller for early termination costs on any volumes secured by Seller on the Buyer’s behalf for the remainder of the Agreement. The following cost shall be assessed: If the Agreement price is lower than the average of the NYMEX (New York Mercantile Exchange) natural gas futures values for the applicable remaining months times 120%, a fee of $50.00 (fifty dollars) will be assessed. If the Agreement price is higher than the average of the NYMEX (New York Mercantile Exchange) natural gas futures values for the applicable remaining months times 120%, the cost shall be; the Agreement price MINUS the average of the NYMEX natural gas futures values for the applicable remaining months times 120% then multiplied by the natural gas rate as stated in the Agreement. FORCE MAJEURE. Seller will not be responsible for supplying natural gas to Buyer in the event of circumstances beyond its control such as events of “force Majeure”, acts of God, including but not limited to acts of terrorism and orders, rules, regulations or acts of any court of governmental authority, labor disputes or problems, required maintenance work, or inability to access the local distribution system. Except regarding an obligation to make payments under the Agreement, neither Party shall be considered in default in the performance of any obligations under this Agreement when a failure of performance shall be due to Force Majeure. BURNERTIP VOLUMES: Customer has the right to request up to twenty‐four months of the customer's payment history without charge. Jan Feb Mar Apr May Jun July Aug Sep Oct Nov Dec Total 284 287 240 171 60 33 40 40 55 76 159 255 1700 TERMINATION/TRANSFER. If Buyer’s service location is not situated within DEOG’s service area, this Agreement shall be automatically terminated with no penalty. If Buyer relocates within the DEOG service area, this Agreement will apply to the new service location. Buyer agrees to advise Seller of relocation and authorizes DEOG to provide Seller with the new account number(s) and meter number(s) of new loca...
Sample 1
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RENEWAL AND EARLY TERMINATION. When you purchased the Services, you may have been required to commit to a fixed term. You understand that the rates that you agreed to pay for the Services are based upon your commitment to purchase the Services for the length of the applicable term. Either you or BTC may elect not to renew this Agreement by providing notice to the other no later than 30 days prior to expiration of the applicable term. If neither you nor BTC deliver a timely notice not to renew, then the Services will be provided on a month-to-month basis. If you elect to continue service on a month-to-month basis, you should review the then current agreement regularly available at xxx.xxxxxxxxxxxx.xxx, which will govern the Services. Your election to continue the Services represents your agreement to and acceptance of the then-current agreement. You may terminate the Services at any time, but if you do so before the end of any applicable term, or if BTC terminates the Services after you have defaulted on your obligations, you will pay to BTC as liquidated damages, and not as a penalty, the “Early Termination Charge”. Unless otherwise provided in the Order Confirmation, the Early Termination Charge will be equal to your monthly recurring charge for any terminated Service(s) (including, without limitation, all fees, taxes, and other charges) multiplied by the number of remaining months in the applicable term. You acknowledge that actual damages would be difficult to determine in the event that you terminate the Services prior to the end of an applicable term and that the Early Termination Charge represents a fair and reasonable estimate of the damages which may be incurred by BTC.
Sample 1
RENEWAL AND EARLY TERMINATION. Section 13 of the Terms and Conditions is hereby amended to read in its entirety as follows:
Sample 1

Related to RENEWAL AND EARLY TERMINATION

  • EARLY TERMINATIONS The Student may be released from this agreement for:

  • Early Termination In the absence of any material breach of this Agreement, should the Trust elect to terminate this Agreement prior to the end of the term, the Trust agrees to pay the following fees:

  • Payment on Early Termination Upon termination pursuant to Section 14 (Early Termination), District shall pay Contractor as follows:

  • CONTRACT MANAGEMENT AND EARLY TERMINATION 14 8.1 Contract Remedies. 14 8.2 Termination for Convenience 14 8.3 Termination for Cause 14 ARTICLE IX. MISCELLANEOUS PROVISIONS 15 9.1 Amendment 15 9.2 Insurance 15 9.3 Legal Obligations 15 9.4 Permitting and Licensure 16 9.5 Indemnity 16 9.6 Assignments 16 9.7 Independent Contractor 17 9.8 Technical Guidance Letters 17 9.9 Dispute Resolution 17 9.10 Governing Law and Venue 17 9.11 Severability 17 9.12 Survivability 18 9.13 Force Majeure 18 9.14 No Waiver of Provisions 18 9.15 Publicity 18 9.16 Prohibition on Non-compete Restrictions 19 9.17 No Waiver of Sovereign Immunity 19 9.18 Entire Contract and Modification 19 9.19 Counterparts 19 9.20 Proper Authority 19 9.21 E-Verify Program 19 9.22 Civil Rights 19 9.23 System Agency Data 21 v. 2 16.1 Effective 03/26/2019 HHSC Grantee Uniform Terms and Conditions Page 3 of 21

  • Payments on Early Termination For the purpose of Section 6(e) of this Agreement:

  • Early Termination Date The date upon which an Early Termination becomes effective as specified in Section 5.2 of this Agreement. Effective Date - The date specified above as the effective date. Electric Distribution Company or “EDC” – A public utility providing facilities for the transmission and distribution of electricity to retail customers in Pennsylvania. Electric Generation Supplier or “EGS” – A person or entity that is duly certified by the Commission to offer and provide competitive electric supply to retail customers located in the Commonwealth of Pennsylvania.

  • Early Termination Charges A-48 If this Agreement is terminated prior to its End Date pursuant to Clauses 42A-42, 43(a) or A- 43(c), the Home Customer shall pay to the Company an Early Termination Charge equivalent to (Termination Rate x Unexpired Months) where:

  • RENEWAL AND TERMINATION A. This Agreement shall become effective on the date written below and shall continue in effect for two (2) years thereafter, unless sooner terminated as hereinafter provided and shall continue in effect thereafter for periods not exceeding one (1) year so long as such continuation is approved at least annually (i) by a vote of a majority of the outstanding voting securities of the Fund or by a vote of the Board of Trustees of the Trust, and (ii) by a vote of a majority of the Trustees of the Trust who are not parties to the Agreement (other than as Trustees of the Trust) or “interested persons” of any such party, cast in person at a meeting called for the purpose of voting on the Agreement.

  • Term Renewal and Termination 14.1. This Agreement shall, with respect to the Portfolio, become effective as of the date first above written and shall remain in force for two years thereafter, and for successive annual periods thereafter but only so long as each such continuance is specifically approved at least annually by (1) a majority of the Directors of the Company who are not parties to this Agreement or interested persons of any such parties (other than as Directors of the Company), by vote cast in person at a meeting called for the purpose of voting on such approval; or (2) a vote of the holders of a majority of the outstanding voting securities (as defined in the 0000 Xxx) of such Portfolio. It shall be the duty of the Directors of the Company to request and evaluate, and the duty of the Manager and Sub-Adviser to furnish, such information as may be reasonably necessary to evaluate the terms of this Agreement and any renewal hereof.

  • Early Termination of Agreement (a) The City and the Contractor, by mutual written agreement, may terminate this Agreement at any time.

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