Remaining Options to Renew definition
Remaining Options to Renew. [ ] [ ]-year options
Compensation Options has the meaning ascribed thereto in the opening paragraphs of this Agreement;
Second Extension Option shall have the meaning set forth in Section 2.2.1(b) hereof.
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.
Renewal Option has the meaning set forth in §12.1.