Restructuring Act definition
Examples of Restructuring Act in a sentence
Accordingly, the T&D agrees to provide services to Provider in accordance with the Restructuring Act, all applicable Maine Public Utilities Commission (“MPUC”) Rules and Regulations, the Maine Electronic Business Transactions Standards approved by the Commission (“EBT Standards”) and the Terms and Conditions, incorporated herein by reference (all of the foregoing being further identified in Exhibit C and hereinafter collectively referred to as the “Precepts”), and the terms of this Agreement.
This Agreement shall immediately terminate without notice if the Recipient (i) ceases to carry on business; (ii) commits an act of bankruptcy within the meaning of Canada’s Bankruptcy and Insolvency Act, R.S. 1985, c.B-3, as amended, or is deemed insolvent within the meaning of Canada’s Winding Up and Restructuring Act, R.S. 1985, c.
C-36, as amended, the Bankruptcy and Insolvency Act, the Winding Up and Restructuring Act or comparable local legislation (collectively or severally referred to as “Act of Insolvency”).
Chapter 39 of the Texas Utilities Code, known as the Texas Electric Utility Restructuring Act and enacted by the Texas legislature in June 1999 (the "Restructuring Act"), required each electric utility operating in Texas to separate its business into units consisting of a power generation company, a retail electric provider and a transmission and distribution company or separate transmission and distribution companies.
Notwithstanding the foregoing Recital 2, the restructuring of EGSI pursuant to the Restructuring Act has been delayed.