Common use of Termination of Transactions Clause in Contracts

Termination of Transactions. ESCO may elect to terminate one or more outstanding Transactions by providing a written notice of such termination to EDF designating a termination date for such Transactions, and upon such termination date such outstanding Transactions shall terminate with the amounts payable resulting from such termination being determined as if an Event of Default with respect to ESCO existed (without implying the existence thereof for any other purpose), and being settled within ten (10) Local Business Days.

Termination of Transactions. ESCO may elect to terminate one or more outstanding Transactions by providing a written notice of such termination to EDF Originator designating a termination date for such Transactions, and upon such termination date such outstanding Transactions shall terminate with the amounts payable resulting from such termination being determined as if an Event of Default with respect to ESCO existed (without implying the existence thereof for any other purpose), and being settled within ten (10) Local Business Days.