Common use of Operational Covenants Clause in Contracts

Operational Covenants. (a) The ASP agrees to own the Contract Facility from and after the Contract Date and to operate and maintain the Contract Facility from and after the Service Commencement Date, in each case, in accordance with the terms of this Agreement, Good Engineering and Operating Practices, and meeting all relevant requirements of the Market Rules, the Distribution System Code, the Transmission System Code, the ASP’s Connection Agreement, in each case, as applicable, and all other Applicable Laws. (b) The ASP agrees to participate in the IESO-Administered Markets for the Term of this Agreement.

Appears in 3 contracts

Sources: Service Agreement for the Provision of Regulation Service, Service Agreement for the Provision of Regulation Service, Service Agreement