Common use of Termination for Failure of Conditions Clause in Contracts

Termination for Failure of Conditions. (a) Subject to Section 2.5(d), each Party shall have the right to terminate this Agreement without liability to either Party arising out of such termination upon notice to the other if any of the conditions set forth in Section 2.3(a) shall not have been satisfied (or waived by Seller in accordance with the requirements of Section 19.8) as of the date specified therein. Such termination right shall remain available until such condition is satisfied or waived.

Appears in 19 contracts

Samples: Power Purchase Agreement, Power Purchase Agreement, Power Purchase Agreement

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Termination for Failure of Conditions. (a) Subject to Section 2.5(d2.5(c), each Party shall have the right to terminate this Agreement without liability to either Party arising out of such termination upon notice to the other if any of the conditions set forth in Section 2.3(a) 2.3 shall not have been satisfied (or waived by Seller Buyer (in accordance with the requirements of Section 19.815.6) as of the date specified therein. Such termination right shall remain available until such condition is satisfied or waived.

Appears in 4 contracts

Samples: Credit Purchase Agreement, Capacity Credit Purchase Agreement, Capacity Credit Purchase Agreement

Termination for Failure of Conditions. (a) Subject to Section 2.5(d), each Party shall have the right to terminate this Agreement without liability to either Party arising out of such termination upon notice to the other if any of the conditions set forth in Section 2.3(a) 2.3 shall not have been satisfied (or waived by Seller Buyer (in accordance with the requirements of Section 19.815.6) as of the date specified therein. Such termination right shall remain available until such condition is satisfied or waived.

Appears in 1 contract

Samples: Capacity Credit Purchase Agreement

Termination for Failure of Conditions. (a) Subject to Section 2.5(d), each Party shall have the right to terminate this Agreement without liability to either Party arising out of such termination upon notice to the other if any of the conditions set forth in Section 2.3(a) or Section 2.3(b) shall not have been satisfied (or waived by Seller in accordance with the requirements of Section 19.8applicable Party) as of the date specified therein. Such termination right shall remain available until such condition is satisfied or waived.

Appears in 1 contract

Samples: Power Purchase Agreement

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Termination for Failure of Conditions. (a) Subject to Section 2.5(d), each Party shall have the right to terminate this Agreement without liability to either Party arising out of such termination upon notice to the other if any of the conditions set forth in Section 2.3(a) shall not have been satisfied (or waived by Seller 16 NTD: Subject to removal/modification based on Buyer’s expected regulatory filing(s). in accordance with the requirements of Section 19.8) as of the date specified therein. Such termination right shall remain available until such condition is satisfied or waived.

Appears in 1 contract

Samples: Power Purchase Agreement

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