Common use of Statutory Functions Clause in Contracts

Statutory Functions. The Corporation anticipates that as a general rule all of its expenses shall be incurred in the furtherance of statutory activities pursuant to Section 215 of the Federal Power Act, and that all such expenses shall be funded by NERC, subject to FERC approval.

Statutory Functions. The Corporation anticipates that as a general rule all of its expenses shall will be incurred in the furtherance of statutory activities pursuant to FPA Section 215 of the Federal Power Act215, and that all such expenses shall will be funded by NERC, subject to FERC approval.