FURTHER RESTRUCTURING Sample Clauses
The 'Further Restructuring' clause outlines the parties' agreement on how to address additional changes to the structure of their arrangement beyond those already specified. Typically, this clause sets out procedures for proposing, negotiating, and implementing further modifications, such as changes to payment terms, organizational structure, or contractual obligations. Its core function is to provide a clear framework for managing future adjustments, ensuring that both parties have a mutually agreed process for handling unforeseen developments or necessary adaptations.
FURTHER RESTRUCTURING. The NEPOOL Participants undertake to finalize by March 31, 2000 the negotiation of more comprehensive arrangements for the reassignment of appropriate administrative responsibilities to the System Operator in the Interim ISO Agreement. SECTION 11A REVIEW BOARD 11A.1 Organization. There shall be a Review Board which, in addition to responsibility under Section 11B.12, shall be responsible for ruling on appeals taken from actions of the Participants Committee and for advising the Participants Committee as to the issues raised on any appeals before it provided that appeals from actions of the System Operator shall not be taken to the Review Board. In ruling on appeals, the Review Board shall consider, among other things, whether the action is consistent with Commission policies. In addition, if the appeal relates to an amendment to the Agreement or market rule, the Review Board shall consider the extent to which such amendment imposes a burden on the Participants which do not vote in favor of the amendment that is materially greater in degree than that imposed on the Participants which have voted in favor of the amendment. The Review Board shall not have the right to review or otherwise participate in actions of the System Operator or to take any action with respect to any matter involving a dispute between the System Operator and either NEPOOL or any Participant. The Participants agree that the process of selecting the Review Board shall commence upon the initial formation of the Participants Committee. Until the initial organization of the Review Board is completed, the Board of Directors of the System Operator or a committee thereof consisting of not less than three System Operator Directors designated by the System Operator Board of Directors shall perform the functions of the Review Board, provided that the provisions of Sections 11A.2 through 11A.6 shall not be applicable to the Board of Directors of the System Operator acting as a Review Board. All expenses incurred by the System Operator as a result of the Board of Directors in acting as the Review Board shall be NEPOOL expenses.
FURTHER RESTRUCTURING. The NEPOOL Participants undertake to finalize by March 31, 2000 the negotiation of more comprehensive arrangements for the reassignment of appropriate administrative responsibilities to the System Operator in the Interim ISO Agreement. Issued by: David T. Doot Effective: March 1, 2▇▇▇ ▇▇▇▇▇▇ ▇▇: December 30, 1999 67269.43 New England Power Pool FERC Electric Rate Schedule No. 5, Original Revised Sheet No. 121 SECTION 11A ▇▇▇▇▇▇ ▇▇▇▇▇ ------------
FURTHER RESTRUCTURING. 10 11.1 Recognition Of Possible Future Restructuring...................................................10 11.2 Sale Or Transfer Of Employer...................................................................10