N-8NSPML (NSEB) RIR 1 to 44 - Redacted
11 passages
15 d) Total legal, regulatory and related consulting costs are as follows:
AI summary The text provides a heading for a section discussing total legal, regulatory, and related consulting costs.
Contractor pursuant to an O&M Contract; " Nalcor Group " has the meaning set forth in Section [12.2](#page-128-3) ; " Nalcor IP " means the Nalcor Background IP and the Nalcor Foreground IP; " Nalcor Rights " has the meaning set forth in S...
AI summary The text defines key terms and entities related to an O&M contract and intellectual property rights in a regulatory proceeding involving Nalcor Group, Emera, and other parties. It outlines the scope of O&M activities, IP rights, and tax-related obligations.
11.3 Nalcor Events of Default Except to the extent excused as a result of an event of Force Majeure in accordance with [Article 8](#page-121-1) , the occurrence of one or more of the following events shall constitute a default by Nalcor un...
AI summary This section outlines the conditions that constitute a default by Nalcor under the agreement, including failure to pay, legal actions against assets, breaches of terms, false representations, cessation of business, and insolvency events.
12.3 Own Property Damage For the avoidance of doubt, it is the Parties' intent that, subject to any right a Party may have to seek compensation from a third party who caused the Loss or from insurance, each Party shall be responsible for a...
AI summary The Parties agree that each is responsible for Losses to its own property, including facilities, equipment, and materials on the site of Defined Assets, regardless of the cause, including O&M Activities or the actions of the other Party or its affiliates. This applies unless compensation from a third party or insurance is available.
2.2 Assumption of Liabilities The Assignee hereby accepts the within assignment of the Assigned Agreement as of the Effective Date and covenants and agrees with the Assignor and the Consenting Party to assume the covenants and obligations...
AI summary The Assignee accepts the assignment of the Assigned Agreement and agrees to assume all liabilities and obligations of the Assignor under the Agreement from the Effective Date onwards, including the payment and fulfillment of all covenants and obligations arising after that date.
3.1 Assignor and Assignee Representations and Warranties Each of the Assignor and the Assignee hereby jointly and severally represents and warrants to the Consenting Party that, as of the Effective Date: - (a) it is duly organized and vali...
AI summary This section outlines the representations and warranties made by both the Assignor and Assignee to the Consenting Party, ensuring legal compliance, absence of insolvency, and proper authorization for the execution and performance of the Agreement.
Schedule 1 - Scheduling Protocol Schedule 2 - Nalcor Master Agreement Schedule 3 - Nalcor Master Agreement Modifications Schedule 4 - Description of Nalcor Progress Report Schedule 5 - Form of Balancing Service Agreement Schedule 6 - Form...
AI summary This document outlines the schedules and key components of an Energy Access Agreement, effective April 13, 2015. It includes protocols, master agreements, progress reports, service agreements, and dispute resolution procedures.
s the Transmission, Markets and Services Tariff issued by the ISO-NE, as it may be amended, restated, reissued or replaced from time to time; " Income Tax Act " means the Income Tax Act (Canada); " Incremental Cost Rate " means the rate in...
AI summary The document defines key terms related to energy tariffs, cost calculations, and legal provisions. It includes definitions for the Transmission, Markets and Services Tariff issued by ISO-NE, the Income Tax Act, Incremental Cost Rate, Indemnified Party, Indemnitor, and Initial EAA. These terms are relevant to energy generation, cost recovery, and legal obligations.
ARTICLE TEN: MISCELLANEOUS - 10.1 Term of Master Agreement Immediately after the words "provided, however, that" in the third line, insert the words: "this Master Agreement shall not be terminated by either Party while the Energy Access Ag...
AI summary This section of the document outlines amendments to the Master Agreement, including modifications to the term of the agreement, representations and warranties, and the assignment section. These changes ensure the agreement remains in force during the Energy Access Agreement, update warranties to include ongoing obligations, and clarify terms related to the sale of electric energy and capacity.
2.5 Assignor to Remain Liable Notwithstanding the foregoing, [Nalcor/Emera/NSPI] expressly acknowledges and agrees that it shall remain liable to each of the Consenting Parties as a primary obligor under the Assigned Agreement to observe a...
AI summary This section states that despite any transfers or assignments, Nalcor, Emera, and NSPI remain primarily liable to the Consenting Parties for fulfilling the obligations under the Assigned Agreement.
REDACTED 1 In referencing LTAMP in its prior assessment applications, NSPML was primarily 2 referencing its own long term asset management plans and not the commercial exercise 3 that involves, among other things, NLH's asset management pl...
AI summary NSPML clarifies that the 'Asset Management Outlook' is not the same as the In-Service LTAMP required under the JOA, and explains the confusion caused by using similar terminology. It also mentions legal and consulting costs related to the LTAMP commercial matter with NLH, included in the 2026 assessment.