Common use of Termination Rights of the Parties Clause in Contracts

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.

Appears in 6 contracts

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

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Termination Rights of the Parties. If either Party exercises a termination right, as set forth in Sections 2.03(a)(i2.04(a)(i), 2.03(a)(iii2.04(a)(ii), 2.04(a)(iii) or 5.045.05, a Termination Payment will be calculated in accordance with Section 6.03, the Forward Settlement Amount will be Zero 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.

Appears in 5 contracts

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

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), 2.04(a)(i) 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.

Appears in 2 contracts

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

Termination Rights of the Parties. If either Party exercises a termination right, as set forth in Sections 2.03(a)(i2.04(b)(i), 2.03(a)(iii2.04(b)(ii), or 5.045.03, a Termination Payment will be calculated in accordance with Section 6.03, the Forward Settlement Amount will be Zero 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 after paying the Termination Payment, if any, to a return of any Development Security the remaining balance of the Performance Assurance provided to SCEAnaheim.

Appears in 1 contract

Samples: Renewable Power Purchase and Sale Agreement

Termination Rights of the Parties. If either Party exercises a termination right, as set forth in Sections 2.03(a)(i2.04(a)(i), 2.03(a)(iii), or 5.042.04(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 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 SCEAnaheim.

Appears in 1 contract

Samples: Renewable Power Purchase and Sale Agreement

Termination Rights of the Parties. If either Party exercises a termination right, as set forth in Sections 2.03(a)(i2.04(a), 2.03(a)(iii2.04(b), 2.04(c) or 5.045.05(a), a Termination Payment will be calculated by the non-terminating Party in accordance with Section 6.03, the Forward Settlement Amount will shall be Zero zero dollars ($0), the terminating Party will be considered the Non-Defaulting Party and, if the termination occurs before the commencement of the Term, and Seller will shall be entitled to a return of any Development Security or Performance Assurance provided to SCE except for Development Security or Performance Assurance required to satisfy any Termination Payment calculated in accordance with Section 6.03 payable to SCE.

Appears in 1 contract

Samples: Renewable Power Purchase and Sale Agreement

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Termination Rights of the Parties. If either Party exercises a termination right, as set forth in Sections 2.03(a)(i2.04(a)(i), 2.03(a)(iii), or 5.042.04(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 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 SCEAnaheim.

Appears in 1 contract

Samples: Renewable Power Purchase and Sale Agreement

Termination Rights of the Parties. If either Party exercises a termination right, as set forth in Sections 2.03(a)(i2.04(a)(i), 2.03(a)(iii), or 5.042.04(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 Dollars ($0), the terminating Party will be considered the Non-Defaulting 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 SCEAnaheim.

Appears in 1 contract

Samples: Renewable Power Purchase and Sale Agreement

Termination Rights of the Parties. If either Party exercises a termination right, as set forth in Sections 2.03(a)(i2.04(a), 2.03(a)(iii2.04(b), 2.04(b)(ii) or 5.045.05, a Termination Payment termination payment will be calculated in accordance with Section 6.03, the Forward Settlement Amount will be Zero 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 SCESCE provided to SCE in accordance with Section 3.04(e).

Appears in 1 contract

Samples: Renewable Power Purchase and Sale Agreement

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