Topic:"Compliance Legislation" in M13042

2.4 Requirements for Commercial Operation (a) Notwithstanding the definition of "Commercial Operation Date" in the Generator Interconnection Agreement, the Facility will be deemed to have achieved " Commercial Operation " for the purposes...

AI summary The text outlines the requirements for a Facility to achieve Commercial Operation, including regulatory approvals, completion of construction, interconnection to the system, and submission of necessary reports. NSPI must confirm or contest the date of Commercial Operation within 10 business days of receiving notice from the Seller.

3.1 Operation Covenants - (a) During the Interim Period and the Term, the Seller shall have, through ownership, leasehold interest, easement or right of way, all land tenure or land tenure agreements in respect of the Site which are requir...

AI summary This section outlines the Seller's operational covenants during the Interim Period and the Term, including requirements for land tenure, facility ownership and maintenance, compliance with regulations, connection to the Delivery Point, energy source restrictions, and decommissioning responsibilities.

ncy Legislation or other Laws and Regulations affecting the rights of creditors generally and except that equitable remedies may only be granted in the discretion of a court of competent jurisdiction. - (d) The execution and delivery of th...

AI summary This section outlines the Seller's representations and warranties regarding compliance with laws, contracts, and obligations, ensuring that the execution of the Agreement and related transactions will not result in breaches, defaults, or conflicts, and that all necessary approvals and filings have been completed.

2.4 Requirements for Commercial Operation (a) Notwithstanding the definition of "Commercial Operation Date" in the Generator Interconnection Agreement, the Facility will be deemed to have achieved " Commercial Operation " for the purposes...

AI summary The document outlines the requirements for achieving commercial operation of a facility, including approvals from the Minister of the Environment, completion of the project, interconnection to the system, submission of a cybersecurity plan, and a local benefits report. NSPI must confirm or contest the date of commercial operation within 10 business days.

3.1 Operation Covenants - (a) During the Interim Period and the Term, the Seller shall have, through ownership, leasehold interest, easement or right of way, all land tenure or land tenure agreements in respect of the Site which are requir...

AI summary The operation covenants outline the Seller's responsibilities during the Interim Period and the Term, including land tenure, facility operation and maintenance, compliance with regulations, connection to the Delivery Point, energy source restrictions, and decommissioning obligations.

ncy Legislation or other Laws and Regulations affecting the rights of creditors generally and except that equitable remedies may only be granted in the discretion of a court of competent jurisdiction. - (d) The execution and delivery of th...

AI summary This section outlines the Seller's representations and warranties, ensuring that the execution of the Agreement will not breach any contracts, laws, or regulations, and that there are no pending legal actions that could affect its ability to perform under the Agreement.

13.1 Change in Law - (a) A " Change in Law " shall occur if: - (i) either (A) the Legislative Assembly of Nova Scotia causes to come into force any statute that was introduced as a bill in the House of Assembly of Nova Scotia or the Govern...

AI summary This section defines a 'Change in Law' as a legislative or regulatory action that increases costs or affects net revenues for the Seller, excluding certain exceptions such as general tax increases, publicly known legislation, and laws under the Electricity Act or Energy Reform (2024) Act. It outlines conditions under which such changes are excluded from being considered a 'Change in Law'.