FERC Modification Clause Samples

FERC Modification. If FERC requires modification to this Agreement or imposes other conditions on the acceptance or approval of it, each Party will have ten (10) business days to notify the other Party that such modification or condition is unacceptable to that Party. If neither Party provides such notice, then this Agreement, as modified or conditioned by FERC, will continue to be in effect. If either Party provides such notice to the other Party, the Parties will do any one or more of the following: (a) meet to determine that the modification or conditions imposed by FERC are acceptable; (b) cooperatively seek further available remedies with respect to such FERC order; or (c) negotiate the accommodation of such FERC order. If the Parties have not agreed on an accommodation on or before the date on which such FERC order becomes a final and non-appealable order, such order is deemed adverse to the Parties and the Parties will have no further rights or obligations under this Agreement; subject however, to Section 10.1 for a Founding ▇▇▇▇ Participant.
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FERC Modification. If, prior to the WEIS Commencement Date, FERC requires modification to this Agreement or imposes other conditions on the acceptance or approval of it, each Party will have ten (10) business days to notify the other Party that such modification or condition is unacceptable to that Party. If neither Party provides such notice, then this Agreement, as modified or conditioned by FERC, will continue to be in effect. If either Party provides such notice to the other Party, the Parties will do any one or more of the following: (a) meet to determine that the modification or conditions imposed by FERC are acceptable; (b) cooperatively seek further available remedies with respect to such FERC order; or, (c) negotiate the accommodation of such FERC order. If the Parties have not agreed on an accommodation on or before the date on which such FERC order becomes a final and non-appealable order, such order is deemed adverse to the Parties and the Parties will have no further rights or obligations under this Agreement, except WEIS Participant must pay SPP its NEL Share of Implementation Costs as defined in Exhibit A, which obligation expressly survives such an adverse order.
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Related to FERC Modification

  • CONTRACT MODIFICATION The following is adopted as the new CTC for the Contract effective December 29, 2022:

  • Waiver; Modification Failure to insist upon strict compliance with any of the terms, covenants, or conditions hereof shall not be deemed a waiver of such term, covenant, or condition, nor shall any waiver or relinquishment of, or failure to insist upon strict compliance with, any right or power hereunder at any one or more times be deemed a waiver or relinquishment of such right or power at any other time or times. This Agreement shall not be modified in any respect except by a writing executed by each party hereto.

  • Cost Modifications The parties may agree to a reduction in the cost of the Contract at any time during which the Contract is in effect. Without intending to impose a limitation on the nature of the reduction, the reduction may be to hourly, staffing or unit costs, the total cost of the Contract or the reduction may take such other form as the State deems to be necessary or appropriate.

  • Merger & Modification This Contract constitutes the entire agreement between the parties. No understandings, agreements, or representations, oral or written, not specified within this Contract will be valid provisions of this Contract. This Contract may not be modified, supplemented, or amended, except by written agreement signed by all necessary parties.

  • Amendment; Modification No supplement, modification, or amendment of this Agreement shall be binding unless executed in writing and signed by both Parties.