Termination Rights of the Parties. (a) [Intentionally omitted.]
Termination Rights of the Parties. If either Party exercises a termination right, as set forth in Sections 2.03(a)(i), 2.03(a)(iii), or 5.04, a Termination Payment will be calculated in accordance with Section 6.03, the Forward Settlement Amount will be Zero dollars ($0), the terminating Party will be considered the Non-Defaulting Party and, if the termination occurs before the commencement of the Term, Seller will be entitled to a return of any Development Security provided to SCE.
Termination Rights of the Parties. The employment of the Employee by the Employer under this Agreement may be terminated at any time by either the Employee or Employer upon 30 days’ prior written notice of such termination to the other.
Termination Rights of the Parties. The Employee may terminate his employment at any time by giving the Employer thirty (30) calendar days’ prior written notice thereof, whereupon such employment shall terminate on the earlier of: (i) the 30th calendar day following the date on which such notice is given to the Employer; or (ii) any date prior to such 30th day that is specified by the Employer by notice to the Employee. The Employer may terminate the Employee’s employment at any time by giving notice of termination to the Employee, whereupon, unless otherwise specified by the Employer, the date of termination of the Employee’s employment shall be the date on which notice of termination is given to the Employee. Upon the death of the Employee or the Employee’s disability such that he is unable to perform his duties as determined, in good faith, by the Board of Directors of the Employer, his employment shall terminate immediately upon such occurrence. Subject to Section 13, the date on which the Employee’s employment terminates hereunder is hereinafter referred to as the “Termination Date”.
Termination Rights of the Parties. (a) The Employee may terminate his employment hereunder at any time for Good Reason (as defined below) by giving the Employer thirty (30) days' prior notice thereof, whereupon such employment shall terminate on the earlier of (i) the 30th day following the date on which such notice is given to the Employer by written notice to the Employer or (ii) any date prior to such 30th day that is specified by the Employer by written notice to the Employee. For purposes of this Agreement, the term "
Termination Rights of the Parties. The termination rights of this Section 2.04(a) are separate and additional to those set forth in ARTICLE Six. If either Party exercises a termination right, as set forth in Sections 2.04(a)(i), 2.04(a)(ii),or 5.05, a Termination Payment will be calculated in accordance with Section 6.03, the Forward Settlement Amount will be Zero Dollars ($0), the terminating Party will be considered the Non- Defaulting Party and, if the termination occurs before the commencement of the Term, Seller will be entitled to a return of any Development Security provided to Anaheim.
Termination Rights of the Parties. If either Party exercises a termination right as set forth in Sections 2.05(a) or if SCE exercises a termination right as set forth in Section 2.05(b), a Termination Payment will be calculated in accordance with Section 6.03, the Forward Settlement Amount shall be zero dollars ($0), the terminating Party shall be considered the Non- Defaulting Party, and Seller shall be entitled to a return of any Development Security provided to SCE and a reassignment of all or some portion of the transmission rights under the Point-to-Point Agreements in accordance with Section 6.04. Any termination under Sections 2.05(a) and 2.05(b) shall be deemed a "no fault" termination and no monetary damages shall be due other than as specifically set forth in this Section 2.05.
Termination Rights of the Parties. If either Party exercises a termination right, as set forth in Sections 2.04(a)(i) or 5.04, a Termination Payment will be calculated in accordance with
Termination Rights of the Parties. Either Party may exercise a termination right as set forth in Sections 2.04(a) or 2.04(b). If either Party exercises a termination right set forth in Section 2.04(a), the Forward Settlement Amount shall be zero dollars ($0).
Termination Rights of the Parties. City shall have the unilateral right to terminate the Lease Agreements if: • Project Company defaults under the RAA and fails to timely cure such default during the applicable cure period(s) to be provided in the RAA. • Project Company violates any provision of the CAISO or SCE Tariffs (including, but not limited to, requirements to maintain credit support) and fails to cure such violation within the time allowed for such cure. • Project Company fails to satisfy the credit and collateral requirements (performance assurance); • Project Company defaults under the project financing and the lender accelerates the project debt; • Royalty Payments are not timely paid; • Project Company shall, in all cases of alleged default, have a reasonable time, of not less than ninety (90) days, from receipt of written notice of the alleged default to cure such alleged default. Project Company shall have the unilateral right to terminate the Lease Agreements if: • Any permit, approval or license required for construction or operation of the XXXX is denied or revoked. • City is unable to deliver the Sites as contemplated herein in which case the City shall be liable to the Project Company for damages. • Project Company is unable to obtain financing of all project costs, including construction, under terms and conditions acceptable to the Sponsor and the Project Company in their sole discretion. • If the Project Company is not able to reach a Resource Adequacy Agreement and off taker agreement with SCE or any other off taker under terms and conditions acceptable to the Sponsor and the Project Company in their sole discretion. • Project Company is unable to obtain adequate Interconnection facilities and service after exercising reasonable efforts; or • If the XXXX are completely or substantially destroyed or if other force majeure events, which are not insurable, occur.
