Compliance with Reliability Standards Clause Samples
The Compliance with Reliability Standards clause requires parties to adhere to established industry reliability standards, typically set by regulatory authorities or governing bodies. This means that all operations, equipment, and procedures must meet or exceed these standards to ensure the safe and reliable delivery of services, such as electricity or data. By mandating compliance, the clause helps prevent service disruptions, promotes operational consistency, and reduces the risk of regulatory penalties or system failures.
Compliance with Reliability Standards. To the extent that new reliability standards applicable to the operation and maintenance of the Project are promulgated by NERC, FERC, or OPUC, or any successor agencies, any and all costs incurred as a result of actions required for compliance with the new reliability standards shall be borne by Seller. To the extent that Seller contributes in whole or in part to actions that result in monetary penalties being assessed to PGE by NERC, FERC or any successor agency, for lack of compliance with reliability standards related to the operation and maintenance of the Project, Seller shall reimburse PGE for its share of monetary penalties.
Compliance with Reliability Standards. Interconnection Customer shall comply with all applicable NERC and Applicable Reliability Council Reliability Standard requirements mandated by FERC, pursuant to Section 215 of the Federal Power Act.
Compliance with Reliability Standards. GTC and Applicant agree that the implementation of this Agreement shall materially comply with the requirements of the manuals, standards and guidelines of the ARC, or any successor agencies assuming or charged with similar responsibilities related to the operation and reliability of the North American electric interconnected transmission grid. To the extent that this Agreement does not specifically address or provide the mechanisms necessary to comply with such ARC or similar manuals, standards or guidelines, GTC and Applicant hereby agree that both Parties shall provide to the other Party all such information as may reasonably be required to comply with such manuals, standards or guidelines, and shall operate, or cause to be operated, the GTC Interconnection Facilities and the Applicant Facilities, respectively, in accordance with such manuals, standards or guidelines.
Compliance with Reliability Standards. To the extent that Seller contributes in whole or in part to actions that result in monetary penalties being assessed to Buyer by NERC, FERC, the RE or any successor agency, for lack of compliance with reliability standards, Seller shall reimburse Buyer for its share of monetary penalties.
Compliance with Reliability Standards. To the extent that new reliability standards applicable to the operation and maintenance of the Project are promulgated by SPP, NERC, FERC, or NMPRC, or any successor agencies, any and all costs incurred as a result of actions required for compliance with the new reliability standards shall be borne by Subscriber Organization. To the extent that Subscriber Organization contributes in whole or in part to actions that result in monetary penalties being assessed to Company by SPP, NERC, FERC or any successor agency, for lack of compliance with reliability standards related to the operation and maintenance of the Project, Subscriber Organization shall reimburse Company for its share of monetary penalties. ARTICLE 15 Assignment and Other Transfer Restrictions 15.1
Compliance with Reliability Standards. To the extent that new reliability standards applicable to the operation and maintenance of the Storage System are promulgated by NERC, FERC, or OPUC, or any successor agencies, any and all costs incurred as a result of actions required for compliance with the new reliability standards shall be borne by Seller. To the extent that Seller contributes in whole or in part to actions that result in monetary penalties being assessed to PGE by NERC, FERC or any successor agency, for lack of compliance with reliability standards related to the operation and maintenance of the Storage System, Seller shall reimburse PGE for its share of monetary penalties.