Common use of Termination for Material Reason Clause in Contracts

Termination for Material Reason. (a) Subject to the provisions of a Direct Agreement (if any), if a Material Reason (as defined in § 18.5 (Definition of Material Reason)) with respect to a Party has occurred and is continuing, the other Party (the "Terminating Party") may terminate this Agreement ("Early Termination") by giving the other Party notice. A notice of Early Termination may be given by telephone, provided that that notice is confirmed in writing within two (2) Business Days.

Appears in 3 contracts

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

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Termination for Material Reason. (a) Subject to the provisions of a Direct Agreement (if any), if a Material Reason (as defined in § 18.5 (Definition of Material Reason)) with respect to a Party has occurred and is continuing, the other Party (the "Terminating Party") may terminate this Agreement ("Early Termination") by giving the other Party notice. A notice of Early Termination may be given by telephone, provided that that notice is confirmed in writing within two (2) Business Days. 3.

Appears in 2 contracts

Samples: Individual Power Purchase Agreement, Individual Power Purchase Agreement

Termination for Material Reason. (a) Subject to the provisions of a Direct Agreement (if any), if If a Material Reason (as defined in § 18.5 (Definition of Material Reason)below) with respect to a Party has occurred and is continuing, the other Party (the "Terminating Party") may terminate this Agreement ("Early Termination") by giving the other Party notice. A notice of Early Termination may be given by telephone, provided that that notice is confirmed in writing within two (2) Business Days.

Appears in 1 contract

Samples: Agreement for the Sale and Purchase of Energy

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Termination for Material Reason. (a) Subject to the provisions of a Direct Agreement (if any), if a Material Reason (as defined in § 18.5 (Definition of Material Reason)) with respect to a Party has occurred and is continuing, the other Party (the "Terminating Party") may terminate this Agreement ("Early Termination") by giving the other Party notice. A notice of Early Termination may be given by telephone, provided that that notice is confirmed in writing within two (2) Business Days.Days.‌

Appears in 1 contract

Samples: Individual Power Purchase Agreement

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