Common use of Termination/Cancellation Costs Clause in Contracts

Termination/Cancellation Costs. Should the Customer cancel the Proposed Project or terminate this Agreement or should Hydro One terminate this Agreement in accordance with Section 9 of the Standard Terms and Conditions: prior to Hydro One performing the pre-CIA check, Hydro One will refund 100% of the amounts paid by the Customer under the terms of this Agreement within 60 days after the Customer cancelled the Proposed Project or terminated this Agreement less any amounts payable to an to an Impacted LDC, to the IESO for a SIA and/or to Hydro One’s transmission business unit for a Customer Impact Assessment; after Hydro One has performed the CIA check but prior to Hydro One assigning the CIA to a Planner, then Hydro One will retain 25% of the amounts paid by the Customer under the terms of this Agreement as liquidated damages and not as a penalty, and refund the remaining 75% to the Customer within 60 days after the Customer cancelled the Proposed Project or terminated this Agreement less any amounts payable to an Impacted LDC, to the IESO for a SIA and/or to Hydro One’s transmission business unit for a Customer Impact Assessment; after Hydro One has assigned the work to Planner, then Hydro One will retain 50% of the amounts paid by the Customer under the terms of this Agreement as liquidated damages and not as a penalty, and refund the remaining 50% to the Customer within 60 days after the Customer cancelled the Proposed Project or terminated this Agreement less any amounts payable to an Impacted LDC, to the IESO for a SIA and/or to Hydro One’s transmission business unit for a Customer Impact Assessment; or after the CIA has been completed and irrespective of whether it has been delivered to the Customer, Hydro One will retain 100% of the amounts paid by the Customer under the terms of this Agreement as liquidated damages and not as a penalty, including any amounts paid to an Impacted LDC, to the IESO for a SIA and/or to Hydro One’s transmission business unit for a Customer Impact Assessment.