Common use of FERC Approvals Clause in Contracts

FERC Approvals. Buyer shall: (A) no later than the 10th Business Day after the date hereof, gather all necessary information, prepare and provide to Seller for its review a draft of the complete filings seeking the FERC Approvals (including all reports, studies, and exhibits related thereto) (the "FERC Filings"); (B) no later than the 20th Business Day after the date hereof, consult with Seller regarding the FERC Filings, consider and incorporate all reasonable comments (if any) submitted by Seller or its representatives, and finalize and file the FERC Filings with the FERC; (C) prior to and during the pendency of the notice and approval period with the FERC, (x) consult with Seller prior to providing any supplemental information to the FERC and provide prompt written notice to Seller of all discussions and correspondence between Buyer's employees and representatives and the FERC that reasonably relates to or bears upon the FERC Filings, (y) use all commercially reasonable efforts and act in good faith to expedite and obtain the FERC Filings, and (z) avoid taking other actions or making other filings under the jurisdiction of the FERC that could reasonably be expected to have the effect of delaying, conditioning, or reducing the likelihood of receiving the FERC Approvals; and (D) otherwise use all commercially reasonable efforts (acting in good faith) to take all other actions required to obtain the FERC Approvals.