Regional/Local Clause Samples

Regional/Local. Notwithstanding anything to the contrary in this Agreement and/or any agreements executed and delivered in connection herewith, following the transfer of the Purchased Assets, Seller will have no exposure with respect to the regulatory treatment of, or recovery on, such Purchased Assets (including the consequences of a Governmental Authority determination that a portion of the cost of such Purchased Assets should be localized), including the effect, if any, of the disposition of any of the pending Regulatory Proceedings identified on Schedule 7.5(b). Without limiting the generality of the foregoing, Buyer shall not assert or otherwise claim that the Transaction is conditioned in any manner on any of the costs associated with the Transmission Facilities being fully recoverable from regional customers under ISO-NE's regional rates; provided, however, that nothing in this Section 6.5 shall require Buyer to accept any of Buyer's Regulatory Approvals that are not acceptable to Buyer in accordance with Section 8.1(c). Buyer shall assume the obligation to recover costs associated with the Transmission Facilities from the appropriate customers should ISO-NE determine that some or all costs associated with the Transmission Facilities are not recoverable from regional customers. The provisions of this Section 6.5(a) shall survive until the termination of this Agreement after the Execution Version - Confidential Closing pursuant to Section 7.7(d).
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