TNPE definition
Examples of TNPE in a sentence
TNPE shall specify agreed levels of service and performance metrics, which may be adjusted from time to time by mutual agreement of the parties.
PNMR Services and TNPE personnel will work together to obtain timely resolution of any problems arising under this Agreement.
In accordance with Section 6 herein, TNPE agrees to pay PNMR Services on either a direct cost basis or an allocated cost basis for the Services provided to TNPE.
Seller's parent, TNPE, is a holding company within the meaning of the Public Utility Holding Company Act of 1935, as amended ("PUHCA"), but TNPE and its subsidiaries (including Seller and TNMP) are exempt from the provisions thereof, except Section 9(a)(2) thereof, by virtue of having filed with the Securities and Exchange Commission an exemption statement on Form U-3A-2, and no proceedings to revoke or modify such exemption have been instituted or are pending.
Both PNMR Services and TNPE may propose changes to Services provided to or by them.
You shall have completed your business, accounting, legal and regulatory due diligence investigation of the Company and TNPE and their respective Material Subsidiaries and the results thereof shall be reasonably satisfactory to you.
At any time, this Agreement or the Services provided hereunder may be modified by mutual agreement if the respective needs of PNMR Services and TNPE require changes in the Services or level of Services provided.
In the event that any service level, cost allocation or similar issue relating to Services provided by either TNPE or PNMR Services cannot be resolved in a timely manner by PNMR Services and TNPE personnel, resolution of the issue shall be referred to the appropriate PNMR Services and TNPE managers.
If an allocated cost basis is used, costs for the specific Service involved will be allocated in proportion to the benefits received by TNPE and the Cost Allocation Methodology, which may exist from time to time and attached hereto as Appendix 2.
This Section 5.19(d) is the only representation and warranty being made by the Company with respect to TNPE and the Subsidiaries of TNPE irrespective of whether the Closing hereunder occurs simultaneously with, immediately prior to or immediately following the closing of the Acquisition.