No Extension of the Term Sample Clauses
The "No Extension of the Term" clause establishes that the duration of the agreement cannot be prolonged beyond the originally specified end date. In practice, this means that once the contract reaches its expiration, neither party has the right to unilaterally extend the term, and any continuation would require a new agreement or formal amendment. This clause ensures certainty regarding the contract's timeline and prevents automatic or informal extensions, thereby protecting both parties from unintended ongoing obligations.
No Extension of the Term. In no event will any delay or failure of performance caused by any conditions or events of Force Majeure extend this Agreement beyond its stated Term.
No Extension of the Term. In no event will any delay or failure of performance caused by any conditions or events of Force Majeure extend this Agreement beyond its stated Term. WARRANTIES AND REPRESENTATIONS By the Parties. Both Company and Subscriber Organization represent, warrant, and covenant, as of the Execution Date and for the extent of the Term, respectively, that: Each respective Party has all necessary right, power and authority to execute, deliver and perform this Agreement. The execution, delivery and performance of this Agreement by each respective Party will not result in a violation of any Laws, or conflict with, or result in a breach of, or cause a default under, any agreement or instrument to which such Party is also a party or by which it is bound. No consent of any person or entity not a Party to this Agreement, including any Governmental Authority (other than agencies whose approval is necessary for the development, construction, operation and maintenance of the Facility and the Company-Owned Interconnection Facilities or the PUC), is required for such execution, delivery and performance by either Party. By Subscriber Organization. Subscriber Organization represents, warrants, and covenants that: As of the Execution Date and for the extent of the Term, it is an entity in good standing with the Hawai‘i Department of Commerce and Consumer Affairs and shall provide Company with a certified copy of a certificate of good standing by the Execution Date. As of the Execution Date, Subscriber Organization is a subsidiary of [___________], a company with extensive experience developing, constructing, owning and operating utility-scale renewable energy generation facilities. Subscriber Organization has obtained or will obtain Land Rights within the time periods set forth in Section 11.2 (Land Rights for Facility) and Section 11.3 (Company-Owned Interconnection Facilities). At the time legally required, Subscriber Organization shall have obtained (i) all Governmental Approvals for the construction, ownership, operation and maintenance of the Company‑Owned Interconnection Facilities and (ii) all Governmental Approvals necessary for the construction, ownership, operation and maintenance of the Facility. As of the Commercial Operations Date, the Facility will be a qualified renewable resource under RPS in effect as of the Effective Date.
No Extension of the Term. In no event will any delay or failure of performance caused by any conditions or events of Force Majeure extend this Agreement beyond its stated Term. ELECTRIC SERVICE SUPPLIED BY Company This Agreement does not provide for any electric services by Company to Seller. If Seller requires any electric services from Company, Company shall provide such service on a non-discriminatory basis in accordance with Company’s applicable tariff schedule, as of the Execution Date, as amended or revised from time to time by Company or successors thereof.