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ORDER NO. PSC -2019 -0220 -TRF -EI <br />DOCKET NO. 20190034-E1 <br />PAGE 14 <br />FLORIDA POWER & LiGHT COMPANY <br />Attachment B <br />Page 5 of 9 <br />Original Sheet No. 9.815 <br />(Continued from Sheet No 9.81.1) <br />(c) Earls. Termination of Agreement for Cruse. In addition to any other termination rights expressly <br />set forth in this Agreement. Company and Customer. as applicable, may tcrininnte this Agreement for <br />cause upon any of the following events of default (each an "Event of Default"): (i) Customer fails to <br />timely pay the Monthly Service Payment and fails to cure such deficiency within five (5) business <br />days of written notice from the Company; (ii) Company materially breaches its obligations under the <br />Agreement and such failure is not cured within thirty (30) days after written notice thereof by <br />Customer, (iii) Customer fails to perform or observe any other covenant, term or condition under the <br />Agreement and such failure is not curixl within thirty (30) days atter written notice thereof by <br />Company; (iv) Subject to Section 20, Customer sells, transfers or otherwise disposes of thc <br />Residential Property; (v) Customer enters into any voluntary or involuntary bankruptcy or other <br />insolvency or receivership proceeding, or makes as assignment for the benefit of creditors; (vi) any <br />representation or warranty made by Customer or otherwise fumishcd to Company in connection with <br />the Agreement shall prove at any time to have been untrue or misleading in any material respect; or <br />(vii) Customer removes or allows a third party to remove, any porion of the Equipment from the <br />Residential Propcny. <br />i. Upon a termination for came by Company. the Company shall have the right to access and <br />remove the Equipment and Customer shall be responsible for paying the Termination Fee as <br />more fully described in Section 13(a). For the avoidance of doubt, Company has thc right, <br />but not the obligation. to access and remove any and all Equipment, at its sole discretion. <br />Title to Equipment that Company elects not to remove shall transfer to Customer upon <br />written notice by Company to Customer of such an election. Additionally. the Customer <br />shall be liable to Company for any attomey's fees or other costs incurred in collection of the <br />Termination Fee. In thc event that Company and a purchaser of the Residential Propcny <br />(who has not assumed the Agreement pursuant to Section 20) agree upon a purchase price of <br />the Equipment, such purchase price shall Ix credited against the Termination Fee owed by <br />Customer. <br />ii. Upon a termination for cause by Customer. Customer must choose to either (i) pursue the <br />purchase option pursuant to Section 13(e) or (ii) request that Company remove the <br />Equipment, at Company's sole cost, within a reasonable time period. and pay no <br />Termination Fee; provided that, for the avoidance of doubt. Company has the right. but not <br />the obligation. to access and remove any and all Equipment at its sole discretion. Title to <br />Equipment that Company elects not to remove shall transfer to Customer upon written notice <br />by Company to Customer of such an election. <br />(d) Exniration of Agreement. At least ninety (90) days prior to thc end of the Tem, Customer shall <br />provide Company with written notice of an election of one of the three following options: (i) to renew <br />the Tenn of this Agreement, subject to modifications to be agreed to by Company and the Customer, <br />for a period and price to be agreed upon between Company and the Customer, (ii) to purchase the <br />Equipment by payment of the purchase option price set forth in,$cetion l3(e) plus applicable taxes, <br />plus any outstanding Monthly Service Payments and applicable taxes, for Service provided to <br />Cumomer prior to the expiration of the Term, or (iii) to request that Company remove the Equipment <br />and for Customer to pay Company the Termination Fee. In the event that Customer fails to make a <br />tinkly election. Customer shall be deemed to have elected the request for Company to remove the <br />Equipment aitd for Customer to pay the Termination Fee. For the avoidance of doubt, Company has <br />the right, but not the obligation, to access and remove any and all Equipment, at its sole discretion. <br />Title to Equipment that Company elects not to remove shall transfer to Customer upon written notice <br />by Company to Customer of such an election If options (i) or (ii) is selected by Customer but the <br />Parties have failed to reach agreement as to the terms of the npplicahle option by the expiration of the <br />then currrent Term, the Agreement will auto -renew on a month-to-month basis until (A) the date on <br />which the Parties reach agreement and finalize the option. or (13) the date Customer provides written <br />notice to Company to change its election to option (iii) above. <br />(Continue on Sheet No. 9.816) <br />issued by: Tiffany Cohen, Director, Rates and Tariffs <br />Effective: <br />