RUS Approval Sample Clauses
The RUS Approval clause requires that certain actions, decisions, or documents within an agreement are subject to review and approval by the Rural Utilities Service (RUS), a federal agency overseeing rural infrastructure projects. In practice, this means that before proceeding with specific project milestones, such as construction, financing, or equipment procurement, the involved parties must obtain written consent or confirmation from RUS. This clause ensures compliance with federal funding requirements and standards, ultimately safeguarding the interests of both the government and the project stakeholders by preventing unauthorized or non-compliant activities.
RUS Approval. The effectiveness of this Agreement shall be dependent upon obtaining approval, if necessary, of RUS or of any other Governmental Authority having jurisdiction.
RUS Approval. OPC shall use its best reasonable efforts to obtain RUS approval of the long term arrangement contemplated in Section 6.1(c).
RUS Approval. This Agreement, and if required any amendments hereto, shall not be binding upon the Parties until approved by the Administrator of the RUS.
RUS Approval. The effectiveness of this Agreement and Amendment is subject to the condition that OPC has obtained the approval of the Administrator of the Rural Utilities Service required under OPC’s loan contract with the Rural Utilities Service for the amendments to the Ownership Participation Agreement contained herein. [Remainder of page left blank intentionally.]
RUS Approval. OPC shall use its best reasonable efforts to obtain RUS approval of this Agreement.
RUS Approval. The effectiveness of this First Amendment is subject to the condition that OPC has obtained the approval of the Administrator of the Rural Utilities Service required under OPC’s loan contract with the Rural Utilities Service for the amendments contained herein.
RUS Approval. 34 17.20 Other..................................................34 17.21 Novation of Interim Agreement..........................34 Schedule A Exhibits
(i) OPC Resources 3.2(ii) [ ]* 3.3 LPM's Share of Participating Member OPC Resources 4.1(b) [ ]* 5.3 LPM Sales Price 5.4.1
(a) [ ]* 5.4.1(b) [ ]* 5.4.5 [ ]* 5.4.6 [ ]* 5.4.7(a) [ ]* 5.4.7(b) [ ]* 5.4.8(a) [ ]* 5.4.8(b) [ ]* 17.2 Notices and Payment 18 Map of EMC Service Territory ------------------------------------ * Indicates information that has been filed separately with the Secretary of the Commission as an attachment to a request for confidentiality with respect to the omitted information. POWER PURCHASE AND SALE AGREEMENT AMONG LG&E POWER MARKETING INC. LG&E POWER INC. AND OGLETHORPE POWER CORPORATION (AN ELECTRIC MEMBERSHIP GENERATION AND TRANSMISSION CORPORATION) This Power Purchase and Sale Agreement dated as of January 1, 1997, together with any permitted future amendments ("Agreement") is entered into by and among Oglethorpe Power Corporation (An Electric Membership Generation and Transmission Corporation), a corporation organized and existing under Title 46 of the Official Code of Georgia Annotated, together with any permitted successor or assign ("OPC"), LG&E Power Inc., a corporation organized and existing under the laws of the State of Delaware, together with any permitted successor or assign ("LPI"), and LG&E Power Marketing Inc., a corporation organized and existing under the laws of the State of California, together with any permitted successor or assign ("LPM") (collectively, LPI and LPM are referred to herein as "LG&E Parties").
RUS Approval. Loan terms and conditions and the loan agreement be- tween the borrower and the lender are subject to RUS approval. However, RUS will usually waive its right of ap- proval for distribution borrowers that meet the conditions for advance ap- proval of a lien accommodation or sub- ordination set forth in § 1717.854. RUS may also waive its right of approval in other cases. RUS’s decision to waive its right of approval will depend on the adequacy of security for RUS’s loans, the current and projected financial strength of the borrower and its ability to meet its financial obligations, RUS’s familiarity with the lender and its lending practices, whether the trans- action is ordinary or unusual, and the uncertainty and credit risks involved in the transaction.
RUS Approval. This Amendment is subject to approval of the Administrator of the Rural Utilities Service. Executed the day and year first written above. (SEAL) ATTEST By: /s/ ▇▇▇▇ ▇. ▇▇▇▇ Name: ▇▇▇▇ ▇. ▇▇▇▇ Title: Assistant Secretary Basin Electric Power Cooperative By: /s/ ▇▇▇▇ ▇▇▇▇▇ Name: ▇▇▇▇ ▇▇▇▇▇ Title: CEO & General Manager (SEAL) Upper Missouri Power Cooperative By: /s/ ▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇ Name: ▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇ Title: President ATTEST By: /s/ ▇▇▇ ▇▇▇▇▇▇ Name: ▇▇▇ ▇▇▇▇▇▇ Title: Secretary THIS AMENDMENT TO WHOLESALE POWER CONTRACT (Amendment), has been entered into and is made effective this March 24 , 2022 (Effective Date) by and between Upper Missouri G. & T. Electric Cooperative, Inc. d/b/a Upper Missouri Power Cooperative (Upper Missouri) and Basin Electric Power Cooperative (Basin Electric). Upper Missouri and Basin Electric are sometimes herein referred to individually as a "Party" or collectively as the "Parties".