Extension of Initial Term. The Initial Term shall be automatically extended an additional five (5) years from the end of the Initial Term ("Extended Term"); provided, however, that the Purchaser shall have the option to elect to terminate this Agreement effective on the last day of the Initial Term by providing written notice of such election to Seller no later than the date that is three (3) years prior to the end of the Initial Term.
Appears in 3 contracts
Sources: Power Purchase Agreement (Southern Power Co), Power Purchase Agreement (Southern Power Co), Power Purchase Agreement (Southern Power Co)