Common use of Termination for an Event of Default Clause in Contracts

Termination for an Event of Default. If an Event of Default with respect to a Defaulting Party has occurred and is continuing, then the non-Defaulting Party shall be entitled to terminate this Agreement by written notice to the Defaulting Party designating the date of termination (the “Early Termination Date”), provided that the termination notice required pursuant to this Section 9.2 may be provided in the notice of Event of Default pursuant to Section 9.1 (and does not have to be a separate notice), provided further that such notice of Event of Default complies with the requirements of this Section 9.2.

Appears in 3 contracts

Sources: Exporting System Interconnection Agreement, Exporting System Interconnection Agreement, Exporting System Interconnection Agreement