Common use of Renewal of the ITP Clause in Contracts

Renewal of the ITP. Upon agreement of the Parties and compliance with all applicable laws, the ITP may be renewed to extend beyond its initial term in accordance with Service regulations in force on the date of NiSource’s submission of its application for renewal and, to the extent applicable, in accordance with Chapter 9 (Amendment Process) of the MSHCP. If NiSource desires to renew the ITP, it will so notify the Service at least 180 days before the expiration date of the ITP. NiSource shall be required, however, to submit a written application for renewal to the Service and satisfy any other requirements within the time period and in the manner set forth in the Service’s regulations then in force. Renewal of the ITP shall constitute an extension of the MSHCP, as may be amended, and this Agreement, as may be amended, for the same period of time as the renewed ITP.

Renewal of the ITP. Upon agreement of the Parties and compliance with all applicable laws, the ITP may be renewed to extend beyond its initial term in accordance with Service regulations in force on the date of NiSource’s submission of its application for renewal and, to the extent applicable, in accordance with Chapter 9 (Amendment Process) of the MSHCP. If NiSource desires to renew the ITP, it will so notify the Service at least 180 days before the expiration date of the ITP. NiSource shall be required, however, to submit a written application for renewal to the Service and satisfy any other requirements within the time period and in the manner set forth in the Service’s regulations then in force. Renewal of the ITP shall constitute an extension of the MSHCP, as may be amended, and this Agreement, as may be amended, for the same period of time as the renewed ITP.