Termination of Operations and Maintenance Agreement Sample Clauses

Termination of Operations and Maintenance Agreement. The Agreement for Street Light and Highway Safety Light Maintenance and Operations Services between the County of Sacramento and the City of Elk Grove by and between the City and the County dated December 6, 2000, shall be terminated upon the effective date of this Agreement.
Sample 1
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Termination of Operations and Maintenance Agreement. The Operations and Maintenance Agreement shall be modified to provide that it is subject to cancellation by Xxxxx after the Closing without any requirement for the posting of a letter of credit or any other penalty other than an acceptable period of time to elapse for notice, except as such requirement may relate to the Required Adjustment of Capacity Payments in the event of termination as required by the P.G.&E. S.O. #2 Contract. Xxxxx shall have received the duly executed Amended Operations & Maintenance Agreement, the Xxxxx Indemnity and the Reserve Security Instruments (as those terms are defined in the Amended Operations & Maintenance Agreement).
Sample 1

Related to Termination of Operations and Maintenance Agreement

  • Operation and Maintenance 17.1 O&M obligations of the Concessionaire

  • Operation of Agreement This Agreement will be effective and binding immediately upon its execution, but, anything in this Agreement to the contrary notwithstanding, this Agreement will not be operative unless and until a Change in Control occurs. Upon the occurrence of a Change in Control at any time during the Term, without further action, this Agreement shall become immediately operative.

  • Maintenance of Operations The Company shall maintain operations at the Project for a minimum of ten (10) years beginning on the date the Project is Placed in Service. In addition to any other rights the Department may have under the terms of this Agreement, in the event that the Company discontinues of operations at the Project, such discontinuation may subject the Company to certain statutory provisions, including:

  • Cessation of Operations Any cessation of operations by Borrower or Borrower admits it is otherwise generally unable to pay its debts as such debts become due, provided, however, that any disclosure of the Borrower’s ability to continue as a “going concern” shall not be an admission that the Borrower cannot pay its debts as they become due.

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