NEPOOL Sample Clauses
The NEPOOL clause defines the involvement or applicability of the New England Power Pool (NEPOOL) in the context of an agreement, typically relating to the operation, administration, or market participation within the New England electricity market. This clause may specify that certain transactions, obligations, or standards are governed by NEPOOL rules, or that parties must comply with NEPOOL procedures and requirements. For example, it might require that energy scheduling, settlements, or dispute resolution follow NEPOOL protocols. The core function of this clause is to ensure that all parties adhere to the established regional market rules and practices, thereby promoting consistency, reliability, and regulatory compliance in energy-related transactions.
NEPOOL. The New England Power Pool.
NEPOOL. At the Initial Closing Date and through the last Subsequent Closing, the Buyer shall be a member in good standing in NEPOOL. Except as required to preserve system reliability or to comply with the requirements of ISO-NE or NEPOOL, and except as otherwise provided in any Related Agreement, the Sellers shall not interfere with the Buyer's efforts to expand or modify generation capacity at the Site.
NEPOOL. The New England Power Pool and any successor organization, including the RTO.
NEPOOL. The Buyer shall be a member in good standing of NEPOOL;
NEPOOL. The Buyer shall be a member in good standing of NEPOOL. The Seller may waive any condition specified in this Section 6.2 if it executes a writing so stating at or prior to the Closing and such waiver shall not be considered a waiver of any other provision in this Agreement unless the writing specifically so states.
NEPOOL. The New England Power Pool, established by the NEPOOL ------ Agreement, or its successor.
NEPOOL. (a) On and after the Closing Date, the Buyer agrees to maintain membership in good standing in NEPOOL, and to submit to the governance of the ISO as established by the NEPOOL Agreement.
(b) The Seller shall assign at the Closing, to the Buyer, and the Buyer shall assume, the portion of the Seller's Voting Shares that are based on Generation Ownership Shares which relate to the generation assets of the Seller that are Acquired Assets (the "Transferred Voting Shares"). The Transferred Voting Shares will be assigned in full to the Buyer as of the Closing Date and the Seller shall have no further right or obligation relating to such Transferred Voting Shares pertaining to periods following the Closing Date, all of which right and obligation shall rest with the Buyer. The intended effect of this assignment is that items "C" and "X" (subparagraph (i) only) of Section 6.3 of the NEPOOL Agreement shall be calculated: (a) with respect to the Seller, as though the Seller did not own the generation assets that are Acquired Assets during the twelve month period preceding the Closing and (b) with respect to the Buyer, as though the Buyer owned the generation assets that are Acquired Assets during the 035 twelve month period preceding the Closing. Accordingly, the assignment of such Transferred Voting Shares to the Buyer will not result in a greater aggregate number of Voting Shares that are based on the Generation Ownership Shares which are related to the Acquired Assets for the Buyer and the Seller together than the Seller would have had in the absence of this Agreement and the transactions contemplated thereby.
(c) In accordance with Section 21.3 of the NEPOOL Agreement, the Buyer hereby expressly assumes all of the Seller's rights and obligations under the NEPOOL Agreement with respect to the generation assets that are Acquired Assets (collectively, the "NEPOOL Obligations"), and such NEPOOL Obligations hereby shall become the binding rights and obligations of the Buyer.
NEPOOL. The Buyer sh▇▇▇ ▇▇ ▇ ▇▇▇▇▇▇ ▇n good standing of NEPOOL;
NEPOOL. Buyer shall on or prior to the Closing become a member of ------ NEPOOL.
NEPOOL. Buyer warrants that it is a member in good standing of the New England Power Pool.