POWER SYSTEM INFORMATION Sample Clauses
The POWER SYSTEM INFORMATION clause defines the requirements and procedures for sharing, accessing, or managing information related to a power system within an agreement. Typically, this clause outlines what types of technical, operational, or performance data must be provided, who is responsible for supplying the information, and the format or frequency of such disclosures. For example, it may require the operator to regularly update the owner on system status or notify stakeholders of any significant changes. The core function of this clause is to ensure transparency and facilitate effective communication between parties, thereby supporting safe and efficient operation of the power system.
POWER SYSTEM INFORMATION. For Company’s convenience, TVA may allow Company access to TVA power system information and power system forecasts. All such information is deemed to be proprietary information (“Proprietary Information”) and Company’s obligations with respect to such Proprietary Information provided during Company’s participation in the PowerFlex Product will survive the termination or expiration of this Agreement. As a condition of participation in the PowerFlex Product and in consideration of TVA’s making Proprietary Information available to Company, (i) Company agrees not to divulge Proprietary Information to third parties without the written consent of WA, and (ii) Company further agrees not to use the Proprietary Information disclosed to it by TVA for any purpose other than those set forth in this Agreement. Nothing in this paragraph will prevent Company from making disclosures to other parties that are required by law; provided, Company must endeavor to secure the agreement of such other party to maintain the information in confidence. In the event that Company is unable to secure such agreement, Company must notify TVA with reasonable promptness so that TVA may join Company in the pursuit of such an agreement of confidence, or take any other action it deems appropriate. Nothing in this subsection 8.5 restricts or limits WA’s right to execute Interruptions and TVA may execute Interruptions without regard to whether or not a potential Interruption has been projected. Further, the failure or inability for any reason of Company to access information about a potential Interruption, shall not alter Company’s obligation to comply with any Interruption. TVA makes no statement, representation, claim, guarantee, assurance, or warranty of any kind whatsoever, including, but not limited to, representations or warranties, express or implied, of merchantability, fitness for a particular use or purpose, accuracy, or completeness, of any estimates, information, service, or equipment furnished or made available to Company through the PowerFlex Product. Company hereby waives, and releases the United States of America, TVA, and their directors, officers, agents, and employees from any and all claims, demands, or causes of action, including, without limitation, consequential damages, arising out of or in any way connected with any estimates, information, service, or equipment furnished or made available under this subsection.