LACK OF PROGRESS. Either Party may terminate this Agreement, without any further obligation to the other Party, if (i) Seller has not, for any reason, issued by December 31, 2011 a notice to proceed with construction of the Exchange Resource, or (ii) for any reason, the Commercial Operation Date has not occurred by June 30, 2013.
Appears in 2 contracts
Sources: Power Purchase and Sale Agreement, Power Purchase and Sale Agreement (Us Geothermal Inc)