Commission Approval definition
Examples of Commission Approval in a sentence
PacifiCorp will use commercially reasonable efforts to submit, within sixty (60) days after the Execution Date, all required filings to the Commission for the Commission Approval.
Under no circumstances will either Party have any liability to the other Party due to the failure of the Commission to grant the Commission Approval (x) by the Commission Approval Deadline or (y) in form and substance not acceptable to PacifiCorp in its sole discretion.
If PacifiCorp fails to terminate this Agreement pursuant to this Section 2.1.2 on or before the date that is ten (10) Business Days after the Commission Approval Termination Deadline, as it may be extended as provided for above, PacifiCorp’s termination right under this Section 2.1.2 will have expired and be deemed to have been waived by PacifiCorp as of such applicable date, and be of no further force and effect.
Subject to the receipt of the Commission Approval, the execution and delivery of this Agreement by PacifiCorp and the performance of its obligations in this Agreement does not and will not contravene or result in a violation or breach of or default under any provision of its organizational documents, any indenture, mortgage, security instrument or undertaking, or other material agreement to which it is a party or by which its assets are bound, or any Requirement of Law applicable to it.
Upon approval or ratification of this ACO, the final resolution will “validate[] the order, which becomes an act of the Commission itself.”16 By signing this ACO, the Parties acknowledge that they pledge support for Commission Approval and subsequent implementation of all the provisions of this ACO.