Right to Terminate Following Event of Default or Termination Event Sample Clauses

Right to Terminate Following Event of Default or Termination Event. 9.1.1. If at any time an Event of Default with respect to a party (the “Defaulting Party”) has occurred and is then continuing, then: (i) in the case of an Event of Default under Section 7.1.9, an Early Termination Date will occur immediately without further action by Utility upon Utility’s obtaining notice of the results of a Base Residual Auction in which Generator’s supply offer from the Capacity Facility fails to clear; or (ii) in the case of any other Event of Default, the other party (the “Non-Defaulting Party”) may, by not more than twenty (20) days notice to the Defaulting Party specifying the relevant Event of Default, designate a day not earlier than the day such notice is effective as an Early Termination Date.
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Right to Terminate Following Event of Default or Termination Event. Deleted: : (i) in the case of an Event of Default under Section 7.1.9, an Early Termination Date will occur immediately without further action by Utility upon Utility’s obtaining notice of the results of a Base Residual Auction in which Generator’s supply offer from the Capacity Facility fails to clear; or (ii) in the case of any other Event of Default, Formatted: No underline Deleted: , Deleted: an Elimination or Substantial Modification of RPM or an Execution or Clearing Requirement or Utility in the case of Denial of Utility’s Recovery, Formatted: No underline
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Right to Terminate Following Event of Default or Termination Event. 9.1.1. If at any time an Event of Default with respect to a party (the “Defaulting Party”) has occurred and is then continuing, then the other party (the “Non- Defaulting Party”) may, by not more than twenty (20) calendar days notice in writing to the Defaulting Party specifying the relevant Event of Default, designate a day not earlier than five (5) Business Days after such notice is effective as an Early Termination Date.
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Related to Right to Terminate Following Event of Default or Termination Event

  • Termination Events This Agreement may, by notice given prior to or at the Closing, be terminated:

  • Termination due to Event of Default (a) Termination due to Parties Event of Default

  • Default Events and Termination 18.1 Each of the following circumstances shall constitute a General Default:

  • SUSPENSION & TERMINATION FOR DEFAULT Enterprise Services may suspend Contractor’s operations under this Master Contract immediately by written cure notice of any default. Suspension shall continue until the default is remedied to Enterprise Services’ reasonable satisfaction; Provided, however, that, if after thirty (30) days from such a suspension notice, Contractor remains in default, Enterprise Services may terminate Contractor’s rights under this Master Contract. All of Contractor’s obligations to Enterprise Services and Purchasers survive termination of Contractor’s rights under this Master Contract, until such obligations have been fulfilled.

  • Rights Upon Event of Default (a) As long as an Event of Default under this Agreement remains unremedied, Holders of not less than 50% of the outstanding Class Principal Balance of the Original Notes (in each case the outstanding Class Principal Balance of the Original Notes will be determined without regard to any exchanges of Class M Notes for MAC Notes) to which such Event of Default relates may, by written notice to Freddie Mac, declare such Notes due and payable and accelerate the maturity of such Notes. In the event that Class M Notes have been exchanged for MAC Notes, Holders of such MAC Notes will be entitled to exercise all the voting or direction rights that are allocated to such exchanged Class M Notes as described herein. Upon such acceleration, the Class Principal Balance of such Notes and the interest accrued thereon shall be due and payable.

  • Default Termination a. In the event that the Property has been sold contrary to or any person bids in contravention of the provisions in Clause 4 above, then such sale shall be cancelled and become null and void and of no further effect wherein all monies paid by the Purchaser hitherto including the Deposit shall be forfeited absolutely and immediately.

  • Suspension or Termination Upon Default Either Party may suspend or terminate this Agreement, in whole or in part, in the event of a Default by the other Party so long as the non-Defaulting Party notifies the Defaulting Party in writing of the Default and the Defaulting Party does not cure the Default within thirty (30) Days of receipt of the written notice, provided however, that any requirements for written notice and opportunity to cure with respect to the failure to make timely payment of undisputed charges shall be governed separately under Section 51. Following CenturyLink’s notice to CLEC of its Default, CenturyLink shall not be required to process new Service Orders until the Default is timely cured.

  • Contract Renegotiation, Suspension, or Termination Due to Change in Funding If the funds DSHS relied upon to establish this Contract or Program Agreement are withdrawn, reduced or limited, or if additional or modified conditions are placed on such funding, after the effective date of this contract but prior to the normal completion of this Contract or Program Agreement:

  • In the Event of Termination After receipt of a notice of termination, except as otherwise directed, the AGENCY shall:

  • When Termination Effective Termination under Article will take effect as provided for in the Notice.

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