Common use of SPP Termination Clause in Contracts

SPP Termination. This Section 3.5 applies to a WEIS Participant that is not a PSCo BA Participant. If the WEIS Participant is a PSCo BA Participant or a Founding WEIS Participant with respect to its Non-Original Load, Section 16.3.4 shall be applicable. If SPP is unwilling to administer the WEIS for all WEIS Participants after the Initial Term, SPP may terminate this Agreement by providing WEIS Participant with twelve (12) months written notice of such termination. The earliest SPP may provide such written notice is twelve (12) months prior to the expiration of the Initial Term. WEIS Participant will pay SPP the Annual Payment during the pendency of the notice of such termination. If SPP terminates this Agreement after the Initial Term but before the expiration of the Initial Term plus four years, WEIS Participant will pay SPP 50% of its NEL Share of IC-REM pursuant to Exhibit A plus the Annual Payment during the pendency of SPP’s notice of such termination. If SPP terminates this Agreement after the Initial Term plus four years, the Annual Payment will be pro-rated, if applicable, based on costs incurred by SPP, including costs to cease providing the WEIS Administration provided to WEIS Participant. If the events described in Section 3.8 occur, this Section 3.5 is inapplicable to the termination of this Agreement.

SPP Termination. This Section 3.5 applies to a WEIS Participant that is not a PSCo BA Participant. If the WEIS Participant is a PSCo BA Participant or a Founding WEIS Participant with respect to its Non-Original Load, Section 16.3.4 shall be applicable. If SPP is unwilling to administer the WEIS XXXX for all WEIS XXXX Participants after the Initial Term, SPP may terminate this Agreement by providing WEIS XXXX Participant with twelve (12) months written notice of such termination. The earliest SPP may provide such written notice is twelve (12) months prior to the expiration of the Initial Term. WEIS XXXX Participant will pay SPP the Annual Payment during the pendency of the notice of such termination. If SPP terminates this Agreement after the Initial Term but before the expiration of the Initial Term plus four years, WEIS XXXX Participant will pay SPP 50% of its NEL Share of IC-REM Implementation Costs Remaining pursuant to Exhibit A plus the Annual Payment during the pendency of SPP’s notice of such termination. If SPP terminates this Agreement after the Initial Term plus four years, the Annual Payment will be pro-rated, if applicable, based on costs incurred by SPP, including costs to cease providing the WEIS XXXX Administration provided to WEIS XXXX Participant. If the events described in Section 3.8 occur, this Section 3.5 is inapplicable to the termination of this Agreement.

SPP Termination. This Section 3.5 applies to a WEIS Participant that is not a PSCo BA Participant. If the WEIS Participant is a PSCo BA Participant or a Founding WEIS Participant with respect to its Non-Original Load, Section 16.3.4 shall be applicable. If SPP is unwilling to administer the WEIS for all WEIS Participants after the Initial Term, SPP may terminate this Agreement by providing WEIS Participant with twelve (12) months written notice of such termination. The earliest SPP may provide such written notice is twelve (12) months prior to the expiration of the Initial Term. WEIS Participant will pay SPP the Annual Payment during the pendency of the notice of such termination. If SPP terminates this Agreement after the Initial Term but before the expiration of the Initial Term plus four years, WEIS Participant will pay SPP 50% of its NEL Share of IC-REM Implementation Costs Remaining pursuant to Exhibit A plus the Annual Payment during the pendency of SPP’s notice of such termination. If SPP terminates this Agreement after the Initial Term plus four years, the Annual Payment will be pro-rated, if applicable, based on costs incurred by SPP, including costs to cease providing the WEIS Administration provided to WEIS Participant. If the events described in Section 3.8 occur, this Section 3.5 is inapplicable to the termination of this Agreement.

SPP Termination. This Section 3.5 applies to a WEIS Participant that is not a PSCo BA Participant. If the WEIS Participant is a PSCo BA Participant or a Founding WEIS Participant with respect to its Non-Original Load, Section 16.3.4 shall be applicable. If SPP is unwilling to administer the WEIS for all WEIS Participants after the Initial Term, SPP may terminate this Agreement by providing WEIS Participant with twelve (12) months written notice of such termination. The earliest SPP may provide such written notice is twelve (12) months prior to the expiration of the Initial Term. WEIS Participant will pay SPP the Annual Payment during the pendency of the notice of such termination. If SPP terminates this Agreement after the Initial Term but before the expiration of the Initial Term plus four years, WEIS Participant will pay SPP 50% of its NEL Share of IC-REM pursuant to Exhibit A plus the Annual Payment during the pendency of SPP’s notice of such termination. If SPP terminates this Agreement after the Initial Term plus four years, the Annual Payment will be pro-rated, if applicable, based on costs incurred by SPP, including costs to cease providing the WEIS XXXX Administration provided to WEIS XXXX Participant. If the events described in Section 3.8 occur, this Section 3.5 is inapplicable to the termination of this Agreement.