Common use of Termination Where Conditions Precedent Not Completed Clause in Contracts

Termination Where Conditions Precedent Not Completed. If this § 3.4 is specified in Section B of Part I (Individual Terms), the following shall apply: (a) If, by the Conditions Precedent Longstop Date, the Seller has not fulfilled all of the Seller Conditions (or the Buyer has not waived all of the Seller Conditions not fulfilled) and the Buyer has not fulfilled all of the Buyer Conditions (or the Seller has not waived all of the Buyer Conditions not fulfilled), either Party may forthwith terminate this Agreement without any liability of either Party. (b) If, by the Conditions Precedent Longstop Date, the Seller has fulfilled all of the Seller Conditions, but the Buyer has not fulfilled all of the Buyer Conditions, and the Seller has not waived all of the Buyer Conditions not fulfilled, then the Seller may: (i) unless § 3.4(b)(ii) has been specified in Section B of Part I (Individual Terms), terminate this Agreement without any liability of either Party; or

Appears in 3 contracts

Samples: Individual Power Purchase Agreement, Individual Power Purchase Agreement, Individual Power Purchase Agreement

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Termination Where Conditions Precedent Not Completed. If this § 3.4 is specified in Section B of Part I (Individual Terms), the following shall apply: (a) If, by the Conditions Precedent Longstop Date, the Seller has not fulfilled all of the Seller Conditions (or the Buyer has not waived all of the Seller Conditions not fulfilled) and the Buyer has not fulfilled all of the Buyer Conditions (or the Seller has not waived all of the Buyer Conditions not fulfilled), either Party may forthwith terminate this Agreement without any liability of either PartyeitherParty. (b) If, by the Conditions Precedent Longstop Date, the Seller has fulfilled all of the Seller Conditions, but the Buyer has not fulfilled all of the Buyer Conditions, and the Seller has not waived all of the Buyer Conditions not fulfilled, then the Seller may: (i) unless § 3.4(b)(ii) has been specified in Section B of Part I (Individual Terms), terminate this Agreement without any liability of either Party; or

Appears in 1 contract

Samples: Individual Power Purchase Agreement

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Termination Where Conditions Precedent Not Completed. If this § 3.4 is specified in Section B of Part I (Individual Terms), the following shall apply: (a) If, by the Conditions Precedent Longstop Date, the Seller has not fulfilled all of the Seller Conditions (or the Buyer has not waived all of the Seller Conditions not fulfilled) and the Buyer has not fulfilled all of the Buyer Conditions (or the Seller has not waived all of the Buyer Conditions not fulfilled), either Party may forthwith terminate this Agreement without any liability of either Party. (b) If, by the Conditions Precedent Longstop Date, the Seller has fulfilled all of the Seller Conditions, but the Buyer has not fulfilled all of the Buyer Conditions, and the Seller has not waived all of the Buyer Conditions not fulfilled, then the Seller may: (i) unless § 3.4(b)(ii) has been specified in Section B of Part I (Individual Terms), terminate this Agreement without any liability of either Party; orof

Appears in 1 contract

Samples: Power Purchase Agreement

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