NECESSARY PREREQUISITES Sample Clauses

The 'Necessary Prerequisites' clause defines the specific conditions or requirements that must be fulfilled before a party is obligated to perform its duties under the agreement. This may include obtaining permits, completing certain documentation, or achieving regulatory approvals. By clearly outlining these prerequisites, the clause ensures that all parties understand what must be in place before contractual obligations commence, thereby preventing misunderstandings and disputes related to readiness or compliance.
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NECESSARY PREREQUISITES. Prior to this Agreement becoming effective, each of the following events shall have occurred: 1. The Amended Operating Agreement is in full force and effect. 2. The Amended Operating Agreement shall have been executed by Monongahela Power Company, The Potomac Edison Company, and West Penn Power Company, all doing business as Allegheny Power. 3. The FERC shall have accepted the Amended Operating Agreement, this Reliability Assurance Agreement, and the PJM Tariff changes filed contemporaneously with this Agreement, including all rate changes, all without change or condition. In the event that the FERC fails to adopt, as required by this Article, all of the above agreements and Tariff changes without change or condition, the Parties hereto agree to negotiate in good faith to seek to accommodate such changes as the FERC indicates are required before acceptance. In the event of failure to so agree, no Party shall be bound by the terms of this Agreement and this Agreement shall have no further force and effect.
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NECESSARY PREREQUISITES. Prior to this Agreement becoming effective as to a Party, each of the following events shall have occurred: (i) The Operating Agreement is in full force and effect; (ii) The Operating Agreement shall have been executed by the Party; (iii) FERC shall have accepted for filing the PJM South Reliability Assurance Agreement, this South Transmission Owner Agreement and the changes to the PJM Tariff and Operating Agreement by PJM and Dominion Virginia Power, Issued By: ▇▇▇▇▇ ▇▇▇▇▇▇ Effective: May 1, 2005 Vice President, Government Policy Issued On: November 4, 2004 Filed to comply with order of the Federal Energy Regulatory Commission, Docket No. ER04-829, et al., issued October 5, 2004, 109 FERC 61,012. PJM Interconnection, L.L.C. Original Sheet ▇▇. ▇▇ ▇▇▇▇ ▇▇▇▇▇▇▇▇ ▇▇▇▇ ▇▇. ▇▇ including the PJM Tariff changes, including the Rate Design, to implement transitional charges designed to maintain revenue neutrality for Dominion Virginia Power, if applicable, all without change or condition; (iv) Dominion Virginia Power has obtained any other required regulatory approvals. In the event that the FERC fails to accept for filing, as required by this Article, all of the above agreements and Tariff changes without change or condition, the Parties hereto agree to negotiate in good faith to seek to accommodate such changes as the FERC indicates are required before acceptance. In the event of failure to so agree, neither Party shall be bound by the terms of this Agreement and this Agreement shall have no further force and effect. Issued By: ▇▇▇▇▇ ▇▇▇▇▇▇ Effective: May 1, 2005 Vice President, Government Policy Issued On: May 11, 2004 PJM Interconnection, L.L.C. Original Sheet No. 19 Rate Schedule FERC No. 39
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Related to NECESSARY PREREQUISITES

  • SAFETY PRECAUTIONS AND PROGRAMS The Contractor shall be responsible for initiating, maintaining and supervising all safety precautions and programs in connection with the Work.

  • Necessary Approvals Each Party shall be responsible for obtaining and keeping in effect all approvals from, and rights granted by, governmental authorities, building and property owners, other carriers, and any other persons that may be required in connection with the performance of its obligations under this Agreement. Each Party shall reasonably cooperate with the other Party in obtaining and maintaining any required approvals and rights for which such Party is responsible.

  • Safety Precautions Resident acknowledges that neither Owner nor any of its agents, employees or representatives has made any representations or warranties, either written or oral, concerning the safety of the Property, the bedroom space or any apartment, or the effectiveness or operability of any security devices or safety, health or security measures at the Property, the bedroom space or any apartment. Resident acknowledges that Owner neither warrants nor guarantees the safety or security of residents or their Guests against any criminal or wrongful acts of third parties. Resident and his or her Guests are responsible for protecting their own respective person and property and hereby release Owner and its agents, employees and representatives for any and all damage to person and property. Owner’s safety measures are neither a warranty of safety nor a guaranty against crime or of a reduced risk of crime. Resident acknowledges that security devices or measures may be changed or removed by Owner without notice or compensation, and/or may fail or be thwarted by criminals or by electrical or mechanical malfunctions. Therefore, Resident acknowledges that he or she should not rely on such devices or measures and should take steps to protect himself or herself and his or her existing property notwithstanding these devices. Resident agrees to immediately notify Owner’s representative of any malfunctions involving locks and life-safety building components. Should Resident become seriously injured or imperiled at the Property, Resident authorizes Owner and its agents to call 911 Emergency at Resident’s expense, without legal obligation to do so.

  • Necessary Acts, Further Assurances The Parties shall at their own cost and expense execute and deliver any further documents and shall take such other actions as may be reasonably required or appropriate to carry out the intent and purposes of this Agreement.

  • Necessary Filings 3 2.2. No Liens.........................................................3 2.3.