Emergency Operating Principles Sample Clauses

Emergency Operating Principles. 8.1.1 In the event an emergency condition is declared that requires PJM / DEP coordination in accordance with a Party’s published operating protocols, the Parties will coordinate respective actions to provide immediate relief until the declaring Party eliminates the declaration of emergency. If the emergency response allows for coordinating with the other Party before action must be taken, the normal procedures for action requests will be followed.
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Emergency Operating Principles. Purpose: Joint emergency principles are essential due to the highly dependent nature of facilities under different authorities. The Parties are committed to reliable operation of the transmission system under normal conditions, and will work closely together during emergency situations that place the stability of the transmission system in jeopardy.
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Emergency Operating Principles. 8.1.1 In the event an emergency condition is declared in accordance with a Party’s published operating protocols, the Parties will coordinate respective actions to provide immediate relief until the declaring Party eliminates the declaration of emergency. The Parties will notify each other of emergency maintenance and forced outages as soon as possible after the conditions are known. The Parties will evaluate the impact of emergency and forced outages on the Parties’ systems and coordinate to develop remedial steps as necessary or appropriate. If the emergency response allows for coordinating with the other Party before action must be taken, the normal procedures for action requests will be followed. The Parties will conduct joint annual emergency drills, and will ensure that all operating staff are trained and certified, if required, and will practice the joint emergency drills that include criteria for declaring an emergency, prioritizing action plans, staffing and responsibilities, and communications.
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Emergency Operating Principles 
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Related to Emergency Operating Principles

  • Operating Principles The operations of the Bank shall be conducted in accordance with the principles set out below.

  • Guiding Principles This Agreement shall create a liberal, facilitative, transparent and competitive investment environment in ASEAN by adhering to the following principles:

  • Accounting Principles Where the character or amount of any asset or liability or item of income or expense is required to be determined or any consolidation or other accounting computation is required to be made for the purposes of this Agreement, the same shall be done in accordance with GAAP, to the extent applicable, except where such principles are inconsistent with the requirements of this Agreement.

  • Funding Principles A Party that spends less than its allocated share of the budget as set out in the Consortium Plan or – in case of reimbursement via unit costs - implements less units than foreseen in the Consortium Plan will be funded in accordance with its actual duly justified eligible costs only. A Party that spends more than its allocated share of the budget as set out in the Consortium Plan will be funded only in respect of duly justified eligible costs up to an amount not exceeding that share.

  • Governing Principles 1. The implementation of this Memorandum of Understanding shall in all aspects be governed by the Regulation and subsequent amendments thereof.

  • Cost Principles The Subrecipient shall administer its program in conformance with 2 CFR Part 200, et al; (and if Subrecipient is a governmental or quasi-governmental agency, the applicable sections of 24 CFR 85, “Uniform Administrative Requirements for Grants and Cooperative Agreements to State and Local Governments,”) as applicable. These principles shall be applied for all costs incurred whether charged on a direct or indirect basis.

  • Generally Accepted Accounting Principles Wherever in this Agreement reference is made to generally accepted accounting principles, such reference shall be deemed to be the recommendations at the relevant time of the Canadian Institute of Chartered Accountants, or any successor institute, applicable on a consolidated basis (unless otherwise specifically provided herein to be applicable on an unconsolidated basis) as at the date on which a calculation is made or required to be made in accordance with generally accepted accounting principles. Where the character or amount of any asset or liability or item of revenue or expense is required to be determined, or any consolidation or other accounting computation is required to be made for the purpose of this Agreement or any document, such determination or calculation shall, to the extent applicable and except as otherwise specified herein or as otherwise agreed in writing by the parties, be made in accordance with generally accepted accounting principles applied on a consistent basis.

  • Basic Principles The Electrical Contractor and the Union have a common and sympathetic interest in the Electrical Industry. Therefore, a working system and harmonious relations are necessary to improve the relationship between the Employer, the Union and the Public. Progress in industry demands a mutuality of confidence between the Employer and the Union. All will benefit by continuous peace and by adjusting any differences by rational common-sense methods.

  • Statement of Basic Principles A. Every employee covered by this Agreement shall have the right to present grievances in accordance with these procedures, with or without representation. Nothing contained in this Article or elsewhere in this Agreement shall be construed to prevent any individual teacher from discussing a problem with the Administration and having it adjusted without intervention or representation of organization representatives, provided that the Union has been given the opportunity to be present at such adjustment.

  • General Principles 9.2.1 Each Party shall implement its tasks in accordance with the Consortium Plan and shall bear sole responsibility for ensuring that its acts within the Project do not knowingly infringe third party property rights.

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