Termination by the Market Operator due to Default Sample Clauses

Termination by the Market Operator due to Default. If a Principal Participant associated with pending Settlement Reallocation Agreements is a Defaulting Participant, and that Principal Participant has Settlement Reallocation Agreements for which the submission was valid but have not yet been applied to a Settlement Document, the Market Operator may terminate such Settlement Reallocation Agreements at any time. If a Secondary Participant associated with a pending Settlement Reallocation Agreement is a Defaulting Participant, a report will be issued which will reference the specific Settlement Document to which the Settlement Reallocation Agreement will apply.
Sample 1
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Related to Termination by the Market Operator due to Default

  • TERMINATION BY THE CONTRACTOR If the Work is stopped for a period of thirty days under an order of any court or other public authority having jurisdiction, or as a result of an act of government, such as a declaration of a national emergency making materials unavailable, through no act or fault of the Contractor or a Subcontractor or their agents or employees or any other persons performing any of the Work under a contract with the Contractor, or if the Work should be stopped for a period of thirty days by the Contractor because the Architect has not issued a Certificate for Payment as provided in Paragraph 9.7 of these General Conditions or because the State has not made payment thereon as provided in Paragraph 9.7, then the Contractor may, upon seven additional days written notice to the State and the Architect, terminate the Contract and recover from the State payment for all Work executed and for any proven loss sustained upon any materials, equipment, tools, construction equipment and machinery, including reasonable profit and damages.

  • Termination by the Funder The Funder may terminate this Agreement by providing ten (10) calendar days written notice to the Claimholder after the occurrence of any of the following events. The notice shall reasonably describe the alleged breach which is the basis of such termination and clearly state the Funder’s intent to terminate this Agreement if the alleged breach is not cured within ten (10) calendar days of the Claimholder’s receipt of the notice.

  • Termination by the Owner for Cause § 16.2.1 The Owner may terminate the Contract if the Contractor .1 repeatedly refuses or fails to supply enough properly skilled workers or proper materials;

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