JPOC definition
Examples of JPOC in a sentence
Such right to exercise DPC's rights on the JPOC shall continue until WPSC receives a written notice from the Designated Secured Lender terminating that substitution, or if the right was authorized or approved by court order pursuant to this subsection, the court order in question expires or is vacated, overruled, countermanded or otherwise overturned by the issuing court or an appellate court.
These principles may be modified by the JPOC from time to time as needed to reflect industry changes.
The Companies shall dispatch their respective shares of Weston 4 in accordance with the dispatch principles set forth in Section 13 of the Joint Operating <PAGE> Manual, as it may be modified from time to time by the JPOC.
If a multi-year contract, the estimated costs of which meet or exceed the JPOC Threshold, is approved by the JPOC, the annual renewals of such contract shall be subject to JPOC review or approval to the extent the costs of such renewals exceed the JPOC Threshold.
DPC acknowledges and agrees that WPSC shall not be liable for any damages, claims, losses, liabilities, costs or expenses whatsoever arising from its allowing the Designated Secured Lender to exercise DPC's rights on the JPOC pursuant to the terms of this subsection 14(c)(v).
The JPOC shall establish and modify the membership, duties and responsibilities of any such subcommittee from time to time; the JPOC shall have the authority to dissolve any such subcommittee if and when it deems it appropriate to do so.
If this capacity rating is either less than 501 MW, or more than 561 MW, the JPOC shall re-calculate the Existing and New Common Ownership Shares based upon the allocation principles set forth in this Agreement and the Joint Operating Manual, and based upon Weston 4's established summer capacity rating and the then-most recent summer capacity ratings of the other generating units at the Weston Generating Station and (to the extent applicable) at WPSC's ▇▇▇▇▇▇▇ Station.
The result shall then be multiplied by the following quantity: [(the New or Existing Common Ownership Share of DPC in such facilities after the sale takes place, as determined by the JPOC) minus (the New or Existing Common Ownership Share of DPC in such facilities immediately prior to the sale)].
The JPOC shall meet on a quarterly basis, or more frequently if requested by one or both of the Companies, and it shall serve as a means of direct exchange and reporting of items of mutual interest between the Companies in the operating, accounting and budget areas.
DPC shall otherwise not be authorized to enter into any contract, judgment or settlement associated with the design, engineering, procurement, licensing, permitting, interconnection, administration, construction, modification, repair, operation, maintenance, transportation or fuel procurement of Weston 4 or of the Weston New or Existing Common Facilities without the express, prior written approval of the JPOC.