Regulatory Liability Sample Clauses

Regulatory Liability. If the item(s) or service(s) required by the Purchase Order (PO) is related to nuclear or radiological safety, then the item(s) or service(s) are regulated by the DOE/NNSA under the provisions of Federal Regulations 10 CFR 820, 10 CFR 830, and 10 CFR 835 (▇▇▇▇▇-▇▇▇▇▇▇▇▇ Amendments Act). The supplier shall incorporate all applicable PO requirements into all supplier-issued procurement documents. Flow-down of PO requirements shall be verbatim, i.e., without change or modification. Lower-tier subcontracting requires flow-down of all applicable requirements to each supplier at any tier.
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Regulatory Liability. At the time of Closing, and for purposes of settlement, National Grid will create a regulatory liability of $5 million relating to any recovery of IASC costs through the reconciling mechanisms in excess of the recovery authorized for 2021 IASC costs. Once the identification of IASC costs is conducted by National Grid and the AGO for any reconciling mechanism that is currently recovering IASC costs, National Grid will compare those amounts to the 2021 IASC costs in the mechanism and provide a credit to 2 Appendix 3 shows that out of 38 individual recovery items, currently only five have the potential to recover IASC costs: GBE; the gas and electric Pension/PBOP factors; the gas environmental remediation recovery mechanisms; and the EV Programs factor. Of these five, National Grid has already agreed to eliminate the GBE cost impact for MA customers. The remaining four mechanisms are under review to confirm which IASC costs may be recovered thereby. The process of identification referenced in Section 2.7, herein, shall include confirmation of all 38 mechanisms and any incremental IASC costs identified will be subject to the resolution in Section 2.10, herein. customers equal to any incremental amount above the 2021 level through a separate factor that consolidates any credits due to customers in relation to the current and future years. This process will be conducted annually until the Stranded Costs are reviewed and determined in the Second Distribution Base Distribution Rate Case, as provided by Section 2.15, below.
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Related to Regulatory Liability

  • Regulatory Cooperation In connection with any foreclosure, collection, sale or other enforcement of Liens granted to the Administrative Agent in the Collateral Documents, Parent will, and will cause its Restricted Subsidiaries to, reasonably cooperate in good faith with the Administrative Agent or its designee in obtaining all regulatory licenses, consents and other governmental approvals necessary or (in the reasonable opinion of the Administrative Agent or its designee) reasonably advisable to conduct all aviation operations with respect to the Collateral and will, at the reasonable request of the Administrative Agent and in good faith, continue to operate and manage the Collateral and maintain all applicable regulatory licenses with respect to the Collateral until such time as the Administrative Agent or its designee obtain such licenses, consents and approvals, and at such time Parent will, and will cause its Restricted Subsidiaries to, cooperate in good faith with the transition of the aviation operations with respect to the Collateral to any new aviation operator (including, without limitation, the Administrative Agent or its designee).

  • Regulatory Examinations The Sub-Advisor will cooperate promptly and fully with the Advisor and/or the Trust in responding to any regulatory or compliance examinations or inspections (including information requests) relating to the Trust, the Fund or the Advisor brought by any governmental or regulatory authorities having appropriate jurisdiction (including, but not limited to, the SEC).

  • No Governmental Review Such Buyer understands that no United States federal or state agency or any other government or governmental agency has passed on or made any recommendation or endorsement of the Securities or the fairness or suitability of the investment in the Securities nor have such authorities passed upon or endorsed the merits of the offering of the Securities.

  • Complaints Investigation The employee who complains of harassment under the provisions of the Human Rights Code must first comply with the Employer’s harassment policy procedures before filing a grievance or human rights complaint.

  • Notice to Taxing Authorities and Insurance Companies The Seller shall transmit to the applicable taxing authorities and insurance companies (including primary mortgage insurance policy insurers, if applicable) and/or agents, notification of the transfer of the servicing to the Purchaser, or its designee, and instructions to deliver all notices, tax bills and insurance statements, as the case may be, to the Purchaser from and after the Transfer Date. The Seller shall provide the Purchaser with copies of all such notices within five (5) Business Days following the Transfer Date;