Common use of Termination of Article 15 Clause in Contracts

Termination of Article 15. Seller may terminate its obligations pursuant to this Article 15: 15.8.1 If after the effective date of this Article 15, the requirements of the WECC Reliability Criteria Agreement applicable to the Seller are amended so as to adversely affect the Seller, provided that the Seller gives fifteen (15) days’ notice of such termination to Idaho Power and WECC within forty-five (45) days of the date of issuance of a Commission order accepting such amendment for filing, provided further that the forty-five (45) day period within which notice of termination is required may be extended by the Seller for an additional forty-five (45) days if the Seller gives written notice to Idaho Power of such requested extension within the initial forty-five (45) day period; or 15.8.2 For any reason on one year’s written notice to Idaho Power and the WECC.