Emergency Operating Principles Clause Samples

Emergency Operating Principles. 8.1.1 In the event an emergency condition is declared that requires PJM / DEP coordination in accordance with a Party’s published operating protocols, the Parties will coordinate respective actions to provide immediate relief until the declaring Party eliminates the declaration of emergency. If the emergency response allows for coordinating with the other Party before action must be taken, the normal procedures for action requests will be followed. 8.1.2 In furtherance of maintaining system stability, and providing prompt response to identified issues the Parties agree that in situations where there is an actual IROL violation and/or the system is on the verge of imminent collapse, and when there exists an applicable emergency principles or operating guide, each Party will allow the affected Party to take immediate steps by modifying the normal procedures for action requests so that the Parties and affected operating entities can communicate and coordinate simultaneously via telephone conference call or other appropriate means.
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Emergency Operating Principles. Purpose: Joint emergency principles are essential due to the highly dependent nature of facilities under different authorities. The Parties are committed to reliable operation of the transmission system under normal conditions, and will work closely together during emergency situations that place the stability of the transmission system in jeopardy.
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Emergency Operating Principles. 6.1.1 In the event a Party declares an emergency condition in accordance with its published operating protocols, the Parties shall coordinate respective actions to provide immediate relief until the declaring Party eliminates the declaration of emergency. The Parties shall notify each other of emergency maintenance and forced outages as soon as possible after the conditions are known. The Parties shall evaluate the impact of emergency and forced outages on the Parties’ systems and coordinate their actions to develop remedial steps as necessary and appropriate. If time permits, the normal procedures for action requests will be followed. The Parties shall conduct joint annual emergency drills, and shall require that all appropriate operating staff are trained and certified, and shall practice joint emergency drills for declaring an emergency, prioritizing action plans, staffing and responsibilities, and communications. 6.1.2 Each Party shall communicate with and to its respective Reliability Coordinator to identify and assist in the resolution of any emergency condition that develops or is expected to develop on the system(s) of the Party(ies).
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Emergency Operating Principles. 8.1.1 In the event an emergency condition is declared in accordance with a Party’s published operating protocols, the Parties will coordinate respective actions to provide immediate relief until the declaring Party eliminates the declaration of emergency. The Parties will notify each other of emergency maintenance and forced outages as soon as possible after the conditions are known. The Parties will evaluate the impact of emergency and forced outages on the Parties’ systems and coordinate to develop remedial steps as necessary or appropriate. If the emergency response allows for coordinating with the other Party before action must be taken, the normal procedures for action requests will be followed. The Parties will conduct joint annual emergency drills, and will ensure that all operating staff are trained and certified, if required, and will practice the joint emergency drills that include criteria for declaring an emergency, prioritizing action plans, staffing and responsibilities, and communications. 8.1.2 In furtherance of maintaining system stability, and providing prompt response to problems, the Parties agree that in situations where there is an actual IRL violation and/or the system is on the verge of imminent collapse, and when there exists an applicable emergency principles or operating guide, each Party will allow the affected Party to take immediate steps by modifying the normal procedures for action requests so that the Parties and affected operating entities can communicate and coordinate simultaneously via telephone conference call or other appropriate means. Subsequent to such departures from normal procedures, the requesting Party will prepare a lessons learned report and provide copies thereof to the other Parties and affected operating entities. The purpose of the lesson learned report is to assist in improving operations so that future operations will be more proactive; thereby, avoiding such abnormal communications/procedures.
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Emergency Operating Principles 
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Related to Emergency Operating Principles

  • Operating Principles The operations of the Bank shall be conducted in accordance with the principles set out below. 1. The Bank shall be guided by sound banking principles in its operations. 2. The operations of the Bank shall provide principally for the financing of specific projects or specific investment programs, for equity investment, and for technical assistance in accordance with Article 15. 3. The Bank shall not finance any undertaking in the territory of a member if that member objects to such financing. 4. The Bank shall ensure that each of its operations complies with the Bank’s operational and financial policies, including without limitation, policies addressing environmental and social impacts. 5. In considering an application for financing, the Bank shall pay due regard to the ability of the recipient to obtain financing or facilities elsewhere on terms and conditions that the Bank considers reasonable for the recipient, taking into account all pertinent factors. 6. In providing or guaranteeing financing, the Bank shall pay due regard to the prospects that the recipient and guarantor, if any, will be in a position to meet their obligations under the financing contract. 7. In providing or guaranteeing financing, the financial terms, such as rate of interest and other charges and the schedule for repayment of principal shall be such as are, in the opinion of the Bank, appropriate for the financing concerned and the risk to the Bank. 8. The Bank shall place no restriction upon the procurement of goods and services from any country from the proceeds of any financing undertaken in the ordinary or special operations of the Bank. 9. The Bank shall take the necessary measures to ensure that the proceeds of any financing provided, guaranteed or participated in by the Bank are used only for the purposes for which the financing was granted and with due attention to considerations of economy and efficiency. 10. The Bank shall pay due regard to the desirability of avoiding a disproportionate amount of its resources being used for the benefit of any member. 11. The Bank shall seek to maintain reasonable diversification in its investments in equity capital. In its equity investments, the Bank shall not assume responsibility for managing any entity or enterprise in which it has an investment and shall not seek a controlling interest in the entity or enterprise concerned, except where necessary to safeguard the investment of the Bank.

  • Emergency Operations 6:01 In the event of an emergency which could endanger the health or safety of the public, employees shall unite to meet the emergency and shall, until the danger has been brought under control, perform such duties as may be required of them regardless of their occupation.

  • Guiding Principles This Agreement shall create a liberal, facilitative, transparent and competitive investment environment in ASEAN by adhering to the following principles: (a) provide for investment liberalisation, protection, investment promotion and facilitation; (b) progressive liberalisation of investment with a view towards achieving a free and open investment environment in the region; (c) benefit investors and their investments based in ASEAN; (d) maintain and accord preferential treatment among Member States; (e) no back-tracking of commitments made under the AIA Agreement and the ASEAN IGA; (f) grant special and differential treatment and other flexibilities to Member States depending on their level of development and sectoral sensitivities; (g) reciprocal treatment in the enjoyment of concessions among Member States, where appropriate; and (h) accommodate expansion of scope of this Agreement to cover other sectors in the future.

  • Accounting Principles Where the character or amount of any asset or liability or item of income or expense is required to be determined or any consolidation or other accounting computation is required to be made for the purposes of this Agreement, it shall be done, unless otherwise specified herein, in accordance with GAAP.

  • Funding Principles A Party which spends less than its allocated share of the Consortium Budget will be funded in accordance with its actual duly justified eligible costs only. A Party that spends more than its allocated share of the Consortium Budget will be funded only in respect of duly justified eligible costs up to an amount not exceeding that share.