Common use of Time of Termination Clause in Contracts

Time of Termination. Each Trust hereunder shall terminate to the extent provided in this Section 2.7 upon the earlier to occur of the following events: (a) In whole, upon the substantial completion of the nuclear decommissioning of the Plant for which such Trust was created and named as provided in Section 468A(e)(7) of the Code and as evidenced to the Trustee by the written certification of the Company. (b) To the extent allowed or provided under Section 468A of the Code, the Illinois Statute, the Iowa Statute, the NRC Rule or any Future Order. The Trust Fund shall terminate when all of the separate Trusts have terminated.