Common use of Termination Costs Clause in Contracts

Termination Costs. If a Party elects to terminate this Agreement pursuant to Article 2.3.1 above, the Transmission Developer shall be responsible for all costs that are the responsibility of the Transmission Developer under this Agreement that are incurred by the Transmission Developer or the other Parties through the date, as applicable, of the other Parties’ receipt of a Party’s notice of termination or of the Parties’ mutual agreement to terminate the agreement. Such costs include any cancellation costs relating to orders or contracts. In the event of termination by the Transmission Developer, all Parties shall use commercially Reasonable Efforts to mitigate the costs, damages and charges arising as a consequence of termination. Upon termination of this Agreement, unless otherwise ordered or approved by FERC:

Appears in 19 contracts

Samples: Transmission Project Interconnection Agreement, Service Agreement, Service Agreement

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Termination Costs. If a Party elects to terminate this Agreement pursuant to Article 2.3.1 2.3.2 above, the Transmission Developer shall be responsible for all costs that are the responsibility of the Transmission Developer under this Agreement that are incurred by the Transmission Developer or the other Parties through the date, as applicable, of the other Parties’ receipt of a Party’s notice of termination or of the Parties’ mutual agreement to terminate the agreement. Such costs include any cancellation costs relating to orders or contracts. In the event of termination by the Transmission Developer, all Parties shall use commercially Reasonable Efforts to mitigate the costs, damages and charges arising as a consequence of termination. Upon termination of this Agreement, unless otherwise ordered or approved by FERC:

Appears in 8 contracts

Samples: Service Agreement, Service Agreement, Service Agreement

Termination Costs. If a Party elects to terminate this Agreement pursuant to Article 2.3.1 above, the Transmission Developer shall be responsible for all costs that are the responsibility of the Transmission Developer under this Agreement that are incurred by the Transmission Developer or the other Parties through the date, as applicable, of the other Parties’ receipt of a Party’s notice of termination or of the Parties’ mutual agreement to terminate the agreement. Such costs include any cancellation costs relating to orders or contracts. In the event of termination by the Transmission Developer, all Parties shall use commercially Reasonable Efforts to mitigate the costs, damages and charges arising as a consequence of termination. Upon termination of this Agreement, unless otherwise ordered or approved by FERC:

Appears in 5 contracts

Samples: Transmission Project Interconnection Agreement, Transmission Project Interconnection Agreement, Transmission Project Interconnection Agreement

Termination Costs. If a Party elects to terminate this Agreement pursuant to Article 2.3.1 above, the Transmission Developer shall be responsible for all costs that are the responsibility of the SERVICE AGREEMENT NO. 2612 Transmission Developer under this Agreement that are incurred by the Transmission Developer or the other Parties through the date, as applicable, of the other Parties’ receipt of a Party’s notice of termination termination, or of the Parties’ mutual agreement to terminate the agreement. Such costs include any cancellation costs relating to orders or contracts. In the event of termination by the Transmission Developer, all Parties shall use commercially Reasonable Efforts to mitigate the costs, damages and charges arising as a consequence of termination. Upon termination of this Agreement, unless otherwise ordered or approved by FERC:

Appears in 2 contracts

Samples: Project Interconnection Agreement, Project Interconnection Agreement

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Termination Costs. If a Party elects to terminate this Agreement pursuant to Article 2.3.1 2.3.2 above, the Transmission Developer shall be responsible for all costs that are the responsibility of the Transmission Developer under this Agreement that are incurred by the Transmission Developer or the other Parties through the date, as applicable, of the other Parties’ receipt of a Party’s notice of termination or of the Parties’ mutual agreement to terminate the agreement. Such costs include any cancellation costs relating to orders or contracts. In the event of termination by the Transmission Developer, all Parties shall use commercially Reasonable Efforts to mitigate the costs, damages and charges arising as a consequence of termination. Upon termination of this Agreement, unless otherwise ordered or approved by FERC:

Appears in 2 contracts

Samples: , and Construction Agreement, , and Construction Agreement

Termination Costs. If a Party elects to terminate this Agreement pursuant to Article 2.3.1 2.32.3.1 above, the Transmission Developer eachthe terminating Party shall be responsible for pay all costs that are the responsibility of the Transmission Developer under this Agreement that are incurred by the Transmission Developer or the other Parties through the date, as applicable, of the other Parties’ receipt of a Party’s notice of termination or of the Parties’ mutual agreement to terminate the agreement. Such costs include (including any cancellation costs relating to orders or contractscontracts for InterconnectionAttachment Facilities and equipment) or charges assessed by the other PartyParties, as of the date of the other PartyParties’s receipt of such notice of termination, that are the responsibility of the Terminatingterminating Party under this LGIA Agreement. In the event of termination by the Transmission Developereithera Party, all bothall Parties shall use commercially Reasonable Efforts to mitigate the costs, damages and charges arising as a consequence of termination. Upon termination of this LGIA Agreement, unless otherwise ordered or approved by FERC:

Appears in 1 contract

Samples: Interconnection Agreement

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