Common use of Termination Rights of Seller Clause in Contracts

Termination Rights of Seller. Seller shall have the right to terminate this Agreement. (i) On Notice which shall be effective five (5) Business Days after such Notice is given to Buyer if extension of the Federal Production Tax Credit Legislation is not enacted on or before April 15, 2008 or such later date as may be agreed to in a writing signed by both Parties, and such notice is given to Buyer not later than July 1, 2008, or such later date as may be agreed to in a writing signed by both Parties.

Appears in 2 contracts

Samples: Renewable Power Purchase and Sale Agreement (Raser Technologies Inc), Renewable Power Purchase and Sale Agreement (Raser Technologies Inc)

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Termination Rights of Seller. Seller shall have has the right to terminate this Agreement.: (i) On Notice which shall will be effective five (5) Business Days after such Notice is given to Buyer SCE if extension of the Federal Production Tax Credit Legislation is not enacted on or before April 15[Date], 2008 or such later date as may be agreed to in a writing signed by both Parties, and such notice Notice is given to Buyer SCE not later than July 1, 2008[Date], or such later date as may be agreed to in a writing signed by both Parties.;

Appears in 2 contracts

Samples: Renewable Power Purchase and Sale Agreement, Renewable Power Purchase and Sale Agreement

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