Common use of Termination of Operation Clause in Contracts

Termination of Operation. Anything in this Loan Agreement to the contrary notwithstanding, the Company shall have the right at any time to cause the operation of the Facilities to be terminated if the Company shall have determined that the continued operation of the Project or the Facilities is uneconomical for any reason.

Appears in 4 contracts

Samples: Loan Agreement (Northwestern Corp), Loan Agreement (Northwestern Corp), Loan Agreement (Puget Energy Inc /Wa)

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Termination of Operation. Anything in this Loan Agreement to the contrary notwithstanding, the Company shall have the right at any time to cause the operation of the Facilities to be terminated if the Company shall have determined that the continued operation of the Project or the Facilities is uneconomical for any reason.. ARTICLE IV ISSUANCE OF THE BONDS; THE LOAN; DISPOSITION OF PROCEEDS OF THE BONDS; LOAN PAYMENTS

Appears in 1 contract

Samples: Loan Agreement (Northwestern Corp)

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