Common use of Termination by the Customer Clause in Contracts

Termination by the Customer. 25.1 The Customer may apply to the Company in the approved form to terminate this Contract if: (1) all of the Customer’s Delivery Entitlements have been terminated or surrendered in accordance with the Charges Rules or transferred in accordance with the Transfer Rules; (2) all of the Customer’s other Rights of Access have been terminated or surrendered in accordance with the Charges Rules; (3) the Customer has paid all Charges; and (4) the Customer’s Water Allocation Account does not have a negative balance. 25.2 If the Company receives an application by the Customer that satisfies the requirements of clause 25.1, then: (1) the Company will give notice to the Customer that the application has been accepted by the Company; (2) subject to this Contract, upon receipt by the Customer of the notice of the Company’s approval, this Contract is terminated and each party is released from his, her or its obligation to further perform this Contract; and (3) each party retains the rights, remedies and powers he, she or it has in connection with any past breach or any Claim or obligation (including an obligation to pay money) that has arisen before termination.