Common use of Restrictions on resignation Clause in Contracts

Restrictions on resignation. a Party may not resign as a Party (and any Resignation Notice delivered pursuant to Clause 8.7.1 shall lapse and be of no effect) unless:- 8.8.1 as at the date its resignation would otherwise become effective all sums due from such Party to the Executive committee or any other Party under (a) this Agreement, (b) the Funds Transfer Agreement or (c) any agreement entered into pursuant to this Agreement (whether by or on behalf of such Party) and notified for the purposes of this Clause 8.8 by the Executive Committee to such Party prior to the date of its resignation, have been paid in full; and 8.8.2 it would not be a breach of any Licence condition applicable to such Party so to resign.

Restrictions on resignation. a A Party may not resign as a Party (and any Resignation Notice delivered pursuant to Clause 8.7.1 shall lapse and be of no effect) unless:-unless: 8.8.1 as at the date its resignation would otherwise become effective all sums due from such Party to the Executive committee Committee or any other Party under (a) this Agreement, (b) the b)the Funds Transfer Agreement or (c) any agreement entered into pursuant to this Agreement (whether by or on behalf of such Party) and notified for the purposes of this Clause 8.8 by the Executive Committee to such Party prior to the date of its resignation, have been paid in full; and 8.8.2 it would not be a breach of any Licence condition applicable to such Party so to resign.

Restrictions on resignation. a A Party may not resign as a Party (and any Resignation Notice delivered pursuant to Clause 8.7.1 shall lapse and be of no effect) unless:- 8.8.1 as at the date its resignation would otherwise become effective all sums due from such Party to the Executive committee Committee or any other Party under (a) this Agreement, (b) the Funds Transfer Agreement or (c) any agreement entered into pursuant to this Agreement (whether by or on behalf of such Party) and notified for the purposes of this Clause 8.8 by the Executive Committee to such Party prior to the date of its resignation, have been paid in full; and 8.8.2 it would not be a breach of any Licence condition applicable to such Party so to resign.

Restrictions on resignation. a A Party may not resign as a Party (and any Resignation Notice delivered pursuant to Clause 8.7.1 shall lapse and be of no effect) unless:-unless: 8.8.1 as at the date its resignation would otherwise become effective all sums due from such Party to the Executive committee Committee or any other Party under (a) this Agreement, (b) the Funds Transfer Agreement or (c) any agreement entered into pursuant to this Agreement (whether by or on behalf of such Party) and notified for the purposes of this the Clause 8.8 by the Executive Committee to such Party prior to the date of its resignation, have been paid in full; and 8.8.2 it would not be a breach of any Licence condition applicable to such Party so to resign.

Restrictions on resignation. a A Party may not resign as a Party (and any Resignation Notice delivered pursuant to Clause 8.7.1 shall lapse and be of no effect) unless:- 8.8.1 as at the date its resignation would otherwise become effective all sums due from such Party to the Executive committee Committee or any other Party under (a) this Agreement, (b) the Funds Transfer Agreement or (c) any agreement entered into pursuant to this Agreement (whether by or on behalf of such Party) and notified for the purposes of this Clause 8.8 by the Executive Committee to such Party prior to the date of its resignation, have been paid in full; and 8.8.2 as at the date of its resignation such Party is not a Registrant and is not registered in any PES Registration Service as being responsible for any Metering System or (as the case may be) any Metering Point; and 8.8.3 it would not be a breach of any Licence condition applicable to such Party so to resign.