Common use of Termination by RC Customer Clause in Contracts

Termination by RC Customer. The RC Customer may terminate this Agreement, without penalty, by giving the CAISO not less than twelve (12) months advance written notice after the Initial Term. This notice will be given on or before April 1 of the current calendar year and such termination will become effective on April 1 of the following year. If the RC Customer gives the CAISO less than twelve (12) months’ notice after the Initial Term and is being billed directly for the RC Services in accordance with Section 5.23, the RC Customer will be charged an amount equal to the balance of the RC Service feesCharge remaining on the twelve (12) month required notice period. Any outstanding financial right or obligation or any other obligation under the CAISO Tariff of the RC Customer that has arisen while that RC Customer was receiving services under this Agreement, and any provision of this Agreement necessary to give effect to such right or obligation, will survive until satisfied. With respect to any notice of termination given pursuant to this Section, the CAISO must timely file a notice of termination with FERC, or must otherwise comply with the requirements of FERC Order No. 2001 and related FERC orders. The filing of the notice of termination by the CAISO with FERC will be considered timely if the request to file a notice of termination is made after the preconditions for termination have been met. For entities subject to FERC jurisdiction, termination will be effective upon acceptance by FERC of notice of termination, or upon twelve (12) months if terminated in accordance with the requirements of FERC Order No. 2001 and related FERC orders.

Termination by RC Customer. The RC Customer may terminate this Agreement, without penalty, by giving the CAISO not less than twelve (12) months advance written notice after the Initial Term. This notice will be given on or before April 1 of the current calendar year and such termination will become effective on April 1 of the following year. If the RC Customer gives the CAISO less than twelve (12) months’ notice after the Initial Term and is being billed directly for the RC Services in accordance with Section 5.235.3, the RC Customer will be charged an amount equal to the balance of the RC Service feesCharge Charge remaining on the twelve (12) month required notice period. period unless and except in the event that termination is necessitated by default by the CAISO under this Agreement.. Any outstanding financial right or obligation or any other obligation under the CAISO Tariff of the RC Customer that has arisen while that RC Customer was receiving services under this Agreement, and any provision of this Agreement necessary to give effect to such right or obligation, will survive until satisfied. With respect to any notice of termination given pursuant to this Section, the CAISO must timely file a notice of termination with FERC, or must otherwise comply with the requirements of FERC Order No. 2001 and related FERC orders. The filing of the notice of termination by the CAISO with FERC will be considered timely if the request to file a notice of termination is made after the preconditions for termination have been met. For entities subject to FERC jurisdiction, termination will be effective upon acceptance by FERC of notice of termination, or upon twelve (12) months if terminated in accordance with the requirements of FERC Order No. 2001 and related FERC orders.

Termination by RC Customer. The RC Customer may terminate this Agreement, without penalty, by giving the CAISO not less than twelve (12) months advance written notice after the Initial Term. This notice will be given on or before April 1 of the current calendar year and such termination will become effective on April 1 of the following year. If the RC Customer gives the CAISO less than twelve (12) months’ notice after the Initial Term and is being billed directly for the RC Services in accordance with Section 5.235.3, the RC Customer will be charged an amount equal to the balance of the RC Service feesCharge Charge remaining on the twelve (12) month required notice period. Any outstanding financial right or obligation or any other obligation under the CAISO Tariff of the RC Customer that has arisen while that RC Customer was receiving services under this Agreement, and any provision of this Agreement necessary to give effect to such right or obligation, will survive until satisfied. With respect to any notice of termination given pursuant to this Section, the CAISO must timely file a notice of termination with FERC, or must otherwise comply with the requirements of FERC Order No. 2001 and related FERC orders. The filing of the notice of termination by the CAISO with FERC will be considered timely if the request to file a notice of termination is made after the preconditions for termination have been met. For entities subject to FERC jurisdiction,defined under Section 201(f) of the Federal Power Act, 16 U.S.C. 824(f), termination will be effective upon twelve (12) months’ notice irrespective of acceptance by FERC of notice of termination, or upon twelve (12) months if terminated in accordance with the requirements of FERC Order No. 2001 and related FERC orders.

Termination by RC Customer. The RC Customer may terminate this Agreement, without penalty, by giving the CAISO not less than twelve (12) months advance written notice after the Initial Term. This notice will be given on or before April 1 of the current calendar year and such termination will become effective on April 1 of the following year. If the RC Customer gives the CAISO less than twelve (12) months’ notice after the Initial Term and is being billed directly for the RC Services in accordance with Section 5.235.3, the RC Customer will be charged an amount equal to the balance of the RC Service feesCharge Charge remaining on the twelve (12) month required notice period. Any outstanding financial right or obligation or any other obligation under the CAISO Tariff of the RC Customer that has arisen while that RC Customer was receiving services under this Agreement, and any provision of this Agreement necessary to give effect to such right or obligation, will survive until satisfied. With respect to any notice of termination given pursuant to this Section, the CAISO must timely file a notice of termination with FERC, or must otherwise comply with the requirements of FERC Order No. 2001 and related FERC orders. The filing of the notice of termination by the CAISO with FERC will be considered timely if the request to file a notice of termination is made after the preconditions for termination have been met. For entities subject to FERC jurisdictionjurisdiction under sections 205 and 206 of the Federal Power Act[A7], termination will be effective upon acceptance by FERC of notice of termination, or upon twelve (12) months if terminated in accordance with the requirements of FERC Order No. 2001 and related FERC orders. For entities not subject to FERC jurisdiction under sections 205 and 206 of the Federal Power Act, termination will be effective on April 1 following not less than twelve (12) months advance written notice after the Initial Term.

Termination by RC Customer. The RC Customer may terminate this Agreement, without penalty, by giving the CAISO not less than twelve (12) months advance written notice after the Initial Term. This notice will be given on or before April 1 of the current calendar year and such termination will become effective on April 1 of the following year. If the RC Customer gives the CAISO less than twelve (12) months’ notice months¶notice after the Initial Term and is being billed directly for the RC Services in accordance with Section 5.235.3, the RC Customer will be charged an amount equal to the balance of the RC Service feesCharge Charge remaining on the twelve (12) month required notice period. Any outstanding financial right or obligation or any other obligation under the CAISO Tariff of the RC Customer that has arisen while that RC Customer was receiving services under this Agreement, and any provision of this Agreement necessary to give effect to such right or obligation, will survive until satisfied. With respect to any notice of termination given pursuant to this Section, the CAISO must timely file a notice of termination with FERC, or must otherwise comply with the requirements of FERC Order No. 2001 and related FERC orders. The filing of the notice of termination by the CAISO with FERC will be considered timely if the request to file a notice of termination is made after the preconditions for termination have been met. For entities subject to FERC jurisdictionjurisdiction under sections 205 and 206 of the Federal Power Act[A7], termination will be effective upon acceptance by FERC of notice of termination, or upon twelve (12) months if terminated in accordance with the requirements of FERC Order No. 2001 and related FERC orders. For entities not subject to FERC jurisdiction under sections 205 and 206 of the Federal Power Act, termination will be effective on April 1 following not less than twelve (12) months advance written notice after the Initial Term.