Common use of Withdrawal from this Agreement Clause in Contracts

Withdrawal from this Agreement. Any Party may withdraw from this Agreement upon ninety (90) days advance written notice to PJM and the other Parties; provided that such withdrawal shall not be effective until the withdrawing Party has: (i) if its Transmission Facilities do not comprise an entire Control Area, satisfied all applicable standards of NERC and the Applicable Regional Reliability Council for operating a Control Area or being included within an existing Control Area; (ii) put in place alternative arrangements for satisfaction of the FERC’s requirements with respect to comparable transmission services; and (iii) made a filing with the FERC under Section 205 of the Federal Power Act to withdraw from this Agreement, and such filing has been approved, accepted without suspension, or if suspended, the suspension period has expired before the FERC has issued an order on the merits of the filing. Notwithstanding the forgoing, a Zero Revenue Requirement Party may withdraw from this Agreement in the particular circumstance of permanent removal of its owned Transmission Facilities from service, provided that such Party has: (:(a) provided written notice to PJM and the parties to the Operating Agreement at least twelve months in advance of the intended date of retirement of its owned Transmission Facilities, and (b) complied with all reasonable requirements of PJM for restoration, to the maximum extent reasonably attainable, of the PJM Transmission System to the same configuration and operational capability that existed prior to such Party's installation of its owned Transmission Facilities. Withdrawal from this Agreement shall not terminate a Party’s membership pursuant to the Operating Agreement or the Reliability Assurance Agreement or its participation in PJM other than with respect to the functions transferred to PJM under this Agreement.

Withdrawal from this Agreement. Any Party may withdraw from this Agreement upon ninety (90) days advance written notice to PJM and the other Parties; provided that such withdrawal shall not be effective until the withdrawing Party has: (i) if its Transmission Facilities do not comprise an entire Control Area, satisfied all applicable standards of NERC and the Applicable Regional Reliability Council for operating a Control Area or being included within an existing Control Area; (ii) put in place alternative arrangements for satisfaction of the FERC’s requirements with respect to comparable transmission services; and (iii) made a filing with the FERC under Section 205 of the Federal Power Act to withdraw from this Agreement, and such filing has been approved, accepted without suspension, or if suspended, the suspension period has expired before the FERC has issued an order on the merits of the filing. Notwithstanding the forgoing, a Zero Revenue Requirement Party may withdraw from this Agreement in the particular circumstance of permanent removal of its owned Transmission Facilities from service, provided that such Party has: (: (a) provided written notice to PJM and the parties to the Operating Agreement at least twelve months in advance of the intended date of retirement of its owned Transmission Facilities, and (b) complied with all reasonable requirements of PJM for restoration, to the maximum extent reasonably attainable, of the PJM Transmission System to the same configuration and operational capability that existed prior to such Party's installation of its owned Transmission Facilities. Withdrawal from this Agreement shall not terminate a Party’s membership pursuant to the Operating Agreement or the Reliability Assurance Agreement or its participation in PJM other than with respect to the functions transferred to PJM under this Agreement.

Withdrawal from this Agreement. Any Party may withdraw from this Agreement upon ninety (90) days advance written notice to PJM and the other Parties; provided that such withdrawal shall not be effective until the withdrawing Party has: (i) if its Transmission Facilities do not comprise an entire Control Area, satisfied all applicable standards of NERC and the Applicable Regional Reliability Council for operating a Control Area or being included within an existing Control Area; (ii) put in place alternative arrangements for satisfaction of the FERC’s requirements with respect to comparable transmission services; and (iii) made a filing with the FERC under Section 205 of the Federal Power Act to withdraw from this Agreement, and such filing has been approved, accepted without suspension, or if suspended, the suspension period has expired before the FERC has issued an order on the merits of the filing. Notwithstanding the forgoing, a Zero Revenue Requirement Party may withdraw from this Agreement in the particular circumstance of permanent removal of its owned Transmission Facilities from service, provided that such Party has: (:(ahas:(a) provided written notice to PJM and the parties to the Operating Agreement at least twelve months in advance of the intended date of retirement of its owned Transmission Facilities, and (b) complied with all reasonable requirements of PJM for restoration, to the maximum extent reasonably attainable, of the PJM Transmission System to the same configuration and operational capability that existed prior to such Party's installation of its owned Transmission Facilities. Withdrawal from this Agreement shall not terminate a Party’s membership pursuant to the Operating Agreement or the Reliability Assurance Agreement or its participation in PJM other than with respect to the functions transferred to PJM under this Agreement.