Common use of Term of Contract and Termination Clause in Contracts

Term of Contract and Termination. The initial term of this Agreement will be one (1) Contract Year from the commencement of Customer participation, as defined above. This Agreement shall be renewed for up to two (2) additional one (2) Contract Year terms subject to the right of either party to provide notice of termination sixty (60) days prior to the expiration of the initial or any subsequent term. If the Customer fails to comply with the provisions of the Curtailment Amount under Rider 682, the Company and the Customer will discuss methods to comply during future events. If MISO terminates the Customer’s participation, the Company shall immediately terminate the Customer’s participation. If there are system reliability issues created by the Customer’s failure to perform the Company reserves the right to suspend participation of the Customer under this Rider for ninety (90) days or to terminate the Customer’s participation. The Customer has the right to ask the Commission to review any decision made by the Company.

Appears in 1 contract

Sources: Rider Agreement

Term of Contract and Termination. The initial term of this Agreement will be one (1) Contract Year year from the commencement of Customer participation, as defined above. This Agreement shall be renewed for up to two (2) additional one (2) Contract Year one-year terms subject to the right of either party Party to provide notice of termination sixty (60) -days prior to the expiration of the initial or any subsequent term. If the Customer fails to comply with the provisions of the Curtailment Amount under Rider 682681, the Company and the Customer will discuss methods to comply during future events. If MISO the Midwest ISO terminates the Customer’s participation, the Company shall immediately terminate the Customer’s participation. If there are system reliability issues created by the Customer’s failure to perform the Company reserves the right to suspend participation of the Customer under this Rider for ninety (90) 90 days or to terminate the Customer’s participation. The Customer has the right to ask the Commission to review any decision made by the Company.

Appears in 1 contract

Sources: Service Agreement

Term of Contract and Termination. The initial term of this Agreement will be one (1) Contract Year year from the commencement of Customer participation, as defined above. This Agreement shall be renewed for up to two (2) additional one (2) Contract Year one-year terms subject to the right of either party to provide notice of termination sixty (60) -days prior to the expiration of the initial or any subsequent term. If the Customer fails to comply with the provisions of the Curtailment Amount under Rider 682, the Company and the Customer will discuss methods to comply during future events. If MISO the Midwest ISO terminates the Customer’s participation, the Company shall immediately terminate the Customer’s participation. If there are system reliability issues created by the Customer’s failure to perform the Company reserves the right to suspend participation of the Customer under this Rider for ninety (90) 90 days or to terminate the Customer’s participation. The Customer has the right to ask the Commission to review any decision made by the Company.

Appears in 1 contract

Sources: Standard Service Agreement