Common use of Right of ActewAGL to terminate Clause in Contracts

Right of ActewAGL to terminate. (a) Subject to clause 25.2(b), ActewAGL may terminate this Agreement by 30 Days' notice if, as a result of a Change in Law after the date of this Agreement: (i) the Haulage Reference Service provided under this Agreement is no longer available to the User under the Access Arrangement as a reference service; or (ii) in the opinion of ActewAGL (acting reasonably), the commercial position of ActewAGL under this Agreement is materially adversely affected. (b) ActewAGL may only exercise its right to terminate under clause 25.2(a)(ii) if ActewAGL and the User, negotiating in good faith, have been unable to agree to amend this Agreement in accordance with clause 1.3, to deal with the impact of the relevant Change in Law.

Appears in 4 contracts

Samples: Service Agreement, Service Agreement, Reference Service Agreement

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Right of ActewAGL to terminate. (a) Subject to clause 25.2(b), ActewAGL may terminate this Agreement by 30 Days' notice if, as a result of a Change in Law after the date of this Agreement: (i) the Haulage Reference Service provided under this Agreement is no longer available to the User under the Access Arrangement as a reference service; or (ii) in the opinion of ActewAGL (acting reasonably), the commercial position of ActewAGL under this Agreement is materially adversely affected. (biii) ActewAGL may only exercise its right to terminate under clause 25.2(a)(ii) if ActewAGL and the User, negotiating in good faith, have been unable to agree to amend this Agreement in accordance with clause 1.3, to deal with the impact of the relevant Change in Law.

Appears in 1 contract

Samples: Service Agreement

Right of ActewAGL to terminate. (a) Subject to clause 25.2(b), ActewAGL may terminate this Agreement by 30 Days' notice if, as a result of a Change in Law after the date of this Agreement: (i) the Haulage Reference Service provided under this Agreement is no longer available to the User under the Access Arrangement as a reference service; or (ii) in the opinion of ActewAGL (acting reasonably), the commercial position of ActewAGL under this Agreement is materially adversely affected. (iii) (b) ActewAGL may only exercise its right to terminate under clause 25.2(a)(ii) if ActewAGL and the User, negotiating in good faith, have been unable to agree to amend this Agreement in accordance with clause 1.3, to deal with the impact of the relevant Change in Law.

Appears in 1 contract

Samples: Service Agreement

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Right of ActewAGL to terminate. (a) Subject to clause 25.2(b), ActewAGL may terminate this Agreement by 30 Days' notice if, as a result of a Change in Law after the date of this Agreement: (i) the Haulage Reference Service provided under this Agreement is no longer available to the User under the Access Arrangement as a reference service; or (ii) in the opinion of ActewAGL (acting reasonably), the commercial position of ActewAGL under this Agreement is materially adversely affected.affected.‌ (b) ActewAGL may only exercise its right to terminate under clause 25.2(a)(ii) if ActewAGL and the User, negotiating in good faith, have been unable to agree to amend this Agreement in accordance with clause 1.3, to deal with the impact of the relevant Change in Law.

Appears in 1 contract

Samples: Service Agreement

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