Common use of Operating Emergencies Clause in Contracts

Operating Emergencies. (a) In the event of an Operating Emergency, the Operating Agent shall take any and all steps reasonably necessary to terminate the Operating Emergency as soon as is reasonably possible consistent with Prudent Utility Practice. (b) As soon as reasonably possible after the commencement of an Operating Emergency, the Operating Agent shall, simultaneously, advise the Lessee/Owner Parties of the occurrence of the Operating Emergency, its nature and the steps taken or to be taken to terminate the Operating Emergency.