Termination by Xxxxxxx. This Agreement shall terminate in the event a Party is in Default of this Agreement in accordance with Sections 7.2 or 7.4 of this Agreement. Upon Default by Designated Entity, Transmission Provider may draw upon the Designated Entity Letter of Credit or retain the cash security.
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Samples: Designated Entity Agreement, Designated Entity Agreement, Designated Entity Agreement
Termination by Xxxxxxx. This Agreement shall terminate in the event a Party is in Default default of this Agreement in accordance with Sections 7.2 or 7.4 Section 6.2 of this Agreement. Upon Default Agreement and such termination is approved by Designated Entity, Transmission Provider may draw upon the Designated Entity Letter of Credit or retain the cash securityin writing.
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