N-8NSPML (NSEB) RIR 1 to 44 - Redacted
5 passages
5.7 Taxes - (a) Payment of Taxes Each Party is separately responsible for, and shall in a timely manner discharge, its separate obligations in respect of the payment, withholding and remittance of all Taxes in accordance with Applicable La...
AI summary This section outlines the responsibilities of each party regarding the payment of taxes and governmental charges related to the Maritime Link. Emera and Nalcor have distinct obligations depending on the timing of tax accrual and the terms of Formal Agreements.
14.4 Disclosures Required by Law - (a) Nalcor and its Affiliates are at all times subject to the provisions of NL legislation as such legislation may be amended or varied, including, but not limited to, the Access to Information and Protec...
AI summary This section outlines the legal disclosure requirements under NL legislation, particularly the Access to Information and Protection of Privacy Act (ATIPPA) and the Energy Corporation Act. Nalcor agrees to protect confidential information provided by Emera and NSPI, and will resist disclosure requests to safeguard their competitive position and avoid financial harm.
3.1 Licences and Compliance with Law - (a) Each Party shall each be responsible for obtaining and maintaining any licences and permits as may be required for its respective performance of this Agreement. - (b) Each Party shall comply with...
AI summary The section outlines the responsibilities of each party to obtain and maintain necessary licenses and permits, as well as to comply with applicable laws and regulations relevant to the agreement.
4.2 Operation and Maintenance, Records - (a) Operation Standards Throughout the Term, Nalcor shall operate, maintain and rehabilitate (or cause to be operated, maintained and rehabilitated) the MFP using Good Utility Practice and in compli...
AI summary This section outlines Nalcor's operational and maintenance standards for the Muskrat Falls Project, requiring adherence to Good Utility Practice and Applicable Law. It also mandates record-keeping requirements for both parties, including retention periods and access provisions for authorized reviews.
7.1 Licences and Compliance with Law - (a) The Parties shall each be responsible for obtaining and maintaining any licences and permits as may be required for their respective performance of this Agreement. - (b) Each Party shall comply wi...
AI summary The Parties are responsible for obtaining and maintaining necessary licences and permits, and complying with applicable laws from authorized authorities as part of their performance under the Agreement.