Common use of Amendments to Rules Clause in Contracts

Amendments to Rules. and proposals for new Rules (a) Either party may propose an amendment or a new Rule to the other. (b) If the amendment or new Rule affects only the LDC and has been proposed by the LDC, the Rule will be subject to approval by the IESO regarding the form and content of the amendment or new Rule. If the amendment or new Rule affects only the LDC and has been proposed by the IESO, the LDC will have 10 business days to object to the amendment or new Rule in which event it will not come into effect. (c) If the amendment or new Rule affects the LDC and other distribution companies, the IESO will post it for comments by all potentially affected other distribution companies, provided that if the amendment or new Rule was originally proposed by the LDC, the IESO will first receive comments from the LDC regarding the form and content of the amendment or new Rule. (d) Where the amendment or new Rule has been posted, the IESO will receive and reconcile comments received and will notify the LDC and all other potentially affected distribution companies of the final form of the amendment or new Rule following which it will post the final version of the amendment or new Rule. (e) An amendment or new Rule that has been posted under section 3(d) of this Schedule B will be binding on the LDC unless the LDC notifies the IESO within 10 business days of the date of posting that the amendment or new Rule is fundamentally inconsistent with the CDM Plan. (f) If the LDC has objected that an amendment or new Rule is fundamentally inconsistent with the CDM Plan, the IESO and LDC will negotiate in good faith to resolve any disagreement respecting the amendment or new Rules. If such disagreement cannot be resolved, the dispute will be addressed in accordance with article 16, failing which the amendment or new Rule will not be binding on the LDC.