Common use of Initial Obligations Clause in Contracts

Initial Obligations. Each Party (other than BPA) will, commencing if and at such time as the conditions precedent set forth in section 1.2 above are satisfied, perform the following obligations (the “Initial Obligations”): (i) support, in BPA proceedings to evaluate whether the Administrator should execute this Settlement Agreement, a BPA decision that this Settlement Agreement should be so executed; (ii) seek, in cooperation with the other Parties, a stay or other procedural order that preserves all claims and defenses in the Litigation, as described in section 10.1; and (iii) support, in BPA proceedings to adopt applicable power rates for the initial Rate Period, BPA’s use of this Settlement Agreement to develop such rates. Any Party may cite any other Party’s execution of this Settlement Agreement, at any time after such other Party’s execution and delivery to BPA of this Settlement Agreement and the conditions precedent in section 1.2 have been satisfied, as evidencing such other Party's support for this Settlement Agreement.