FERC Order Sample Clauses
A FERC Order clause defines how the parties will address and comply with orders, regulations, or directives issued by the Federal Energy Regulatory Commission (FERC) that affect the agreement. This clause typically outlines the procedures for implementing changes required by FERC, such as modifying contract terms, adjusting rates, or taking specific actions to remain in regulatory compliance. Its core function is to ensure that the contract remains valid and enforceable even if FERC issues new rules or requirements, thereby protecting both parties from regulatory non-compliance and providing a clear process for adapting to regulatory changes.
FERC Order. Promptly upon receipt of the same, a copy of any extension, renewal or replacement of the FERC Order, certified by an officer of the Borrower; and
FERC Order. The FERC Order:
(i) has been obtained by the Borrower with respect to the LNG Facility and by the Guarantor with respect to the Gator Express Pipeline;
(ii) is in full force and effect;
(iii) is final and non-appealable; and
(iv) is free from conditions and requirements:
(A) the compliance with which could reasonably be expected to have a Material Adverse Effect; or
(B) that the applicable Obligor does not expect to be able to satisfy on or prior to the commencement of the relevant stage of Development except to the extent that failure to satisfy such condition or requirement could not reasonably be expected to have a Material Adverse Effect;
FERC Order. (a) From and after the Initial Closing Date, the Obligors shall maintain in full force and effect and comply in all material respects with the FERC Order.
(b) The Obligors shall not propose to amend or modify the FERC Order or any conditions of the FERC Order; provided that the Obligors may propose to amend or modify the FERC Order and any conditions thereof so long as such amendment or modification could not reasonably be expected to have a Material Adverse Effect and such amendment or modification is not materially more restrictive or onerous on the applicable Obligor.
FERC Order. CCL and CCP will maintain in full force and effect and comply in all material respects with the FERC Order, except where failure to do so would not reasonably be expected to have a Material Adverse Effect. The Company and its Restricted Subsidiaries may amend or modify the FERC Order and any conditions thereof only to the extent that such amendment or modification would not reasonably be expected to have a Material Adverse Effect.
FERC Order. Granting Application for Authorization for Disposition of Jurisdictional Facilities and requests for Waivers, Confidential Treatment, and Expedited Consideration, filed by Broadview Energy JN, LLC pursuant to Section 203 of the Federal Power Act [PEGI Acquisition].
FERC Order. The FERC Order approving the Service and Interconnection Agreement shall have been delivered to the Lender.
FERC Order. Promptly upon receipt of the same, a copy of any extension, renewal or replacement of the FERC Order, certified by an officer of the Borrower; (viii) Ratings Change. Promptly thereafter, any announcement by a Rating Agency of any change in a Rating; and (ix)
FERC Order. Each of the Company and TCP will maintain in full force and effect and comply in all material respects with the FERC Order, except where failure to do so would not reasonably be expected to have a Material Adverse Effect. The Company and TCP may amend or modify the FERC Order and any conditions thereof only to the extent that such amendment or modification would not reasonably be expected to have a Material Adverse Effect.
FERC Order. Each of the Company and Gator Express will maintain in full force and effect and comply in all material respects with the FERC Order, except where failure to do so would not reasonably be expected to have a Material Adverse Effect. The Company and Gator Express may amend or modify the FERC Order and any conditions thereof only to the extent that such amendment or modification would not reasonably be expected to have a Material Adverse Effect.