Renewal Option has the meaning set forth in §12.1.
Automatic Renewal Term has the meaning set forth in Section 10(a) hereof.
Automatic Renewal Terms with TIPS Members Vendor agrees that no TIPS Sale may incorporate an "Automatic Renewal" clause that exceeds month to month terms with which the TIPS Member must comply. All renewal terms incorporated into a TIPS Sale Supplemental Agreement shall only be valid and enforceable when Vendor received written confirmation of acceptance of the renewal term from the TIPS Member for the specific renewal term. The purpose of this clause is to avoid a TIPS Member inadvertently renewing a Supplemental Agreement during a period in which the governing body of the TIPS Member has not properly appropriated and budgeted the funds to satisfy the Agreement renewal. Any TIPS Sale Supplemental Agreement containing an "Automatic Renewal" clause that conflicts with these terms is rendered void and unenforceable. If Vendor disagrees, after this solicitation legally closes and TIPS begins evaluating Vendor's file, TIPS will provide Vendor with a draft Word Document version of the Vendor Agreement and will be instructed to include all requested negotiations as redline edits for TIPS consideration. Does Vendor agree? Yes, Vendor agrees Certification Regarding "Indemnity" Terms with TIPS Members Texas and other jurisdictions restrict the ability of governmental entities to indemnify others. Vendor agrees that if any "Indemnity" provision which requires the TIPS Member to indemnify Vendor is included in any sales agreement/contract between Vendor and a TIPS Member, that clause must either be stricken or qualified by including that such indemnity is only permitted, "to the extent permitted by the laws and constitution of [TIPS Member's State]" unless the TIPS Member expressly agrees otherwise. Any TIPS Sale Supplemental Agreement containing an "Indemnity" clause that conflicts with these terms is rendered void and unenforceable. If Vendor disagrees, after this solicitation legally closes and TIPS begins evaluating Vendor's file, TIPS will provide Vendor with a draft Word Document version of the Vendor Agreement and will be instructed to include all requested negotiations as redline edits for TIPS consideration. Does Vendor agree? Yes, Vendor agrees Certification Regarding "Arbitration" Terms with TIPS Members Vendor agrees that if any "Arbitration" provision is included in any TIPS Sale agreement/contract between Vendor and a TIPS Member, that clause may not require that the arbitration is mandatory or binding. Vendor agrees that if any "Arbitration" provision is included in any TIPS Sale agreement/contract between Vendor and a TIPS Member, that clause provides for only voluntary and non-binding arbitration unless the TIPS Member expressly agrees otherwise. Any TIPS Sale Supplemental Agreement containing a “Arbitration” clause that conflicts with these terms is rendered void and unenforceable. If Vendor disagrees, after this solicitation legally closes and TIPS begins evaluating Vendor's file, TIPS will provide Vendor with a draft Word Document version of the Vendor Agreement and will be instructed to include all requested negotiations as redline edits for TIPS consideration. Does Vendor agree? Yes, Vendor agrees
Termination Option means the option of either party to terminate a transaction in the event that the other party fails to perform a Firm obligation to deliver Gas in the case of Seller or to receive Gas in the case of Buyer for a designated number of days during a period as specified on the applicable Transaction Confirmation.
Extension Option shall have the meaning set forth in Section 2.5(c) hereof.
Second Extension Option shall have the meaning set forth in Section 2.6.1 hereof.
Option to Extend has the meaning given that term in Section 2.13.
Non-Renewal Notice shall have the meaning set forth in Section 2.
Option Term means a period, if any, through which this Agreement may be or has been extended by the JBE.
Termination Option Event means an event of a kind defined as such in Section 4.1, 4.2 or 4.8.
Renewal Notice As defined in Section 1.4(a).
Termination Right have the respective meanings given in the PRA Contractual Stay Rules.
First Extension Option shall have the meaning set forth in Section 2.6.1 hereof.
Nonrenewal Notice Date has the meaning specified in Section 2.03(b)(iii).
Extended Term shall have the meaning given such term in Section 2.4.
Early Termination Conditions means the types of conditions listed in Schedule A.
Second Extension Period means a period of twelve (12) consecutive months following the First Extended Maturity Date.
Automatic Early Termination provision of Section 6(a) will not apply to Party A and will not apply to Party B.
Automatic Exercise Date means, with respect to an Option or a Stock Appreciation Right, the last business day of the applicable Option Term or Stock Appreciation Right Term that was initially established by the Administrator for such Option or Stock Appreciation Right (e.g., the last business day prior to the tenth anniversary of the date of grant of such Option or Stock Appreciation Right if the Option or Stock Appreciation Right initially had a ten-year Option Term or Stock Appreciation Right Term, as applicable).
Renewal Term has the meaning set forth in Section 2.
Option Grant Date means, as to any Stock Option, the latest of:
Renewal Period “Buyer” and “Default” have the same meanings respectively as they have in the Water Agreement.
Early Termination Notice is defined in Section 4.2 of this Agreement.
Top-Up Option has the meaning set forth in Section 1.04(a).
Automatic Termination shall have the meaning set forth in Section 2.3.2.