Topic:"Legal Costs" in M13042

Laws and Regulations – means: - applicable federal, provincial or municipal laws, orders-in-council, by-laws, codes, rules, policies, regulations and statutes; - applicable orders, decisions, codes, judgments, injunctions, decrees, awards...

AI summary This section defines key terms related to laws, regulations, and local benefits in the context of a regulatory proceeding. It includes definitions such as 'Letter of Credit,' 'Local Benefits,' and 'Local Benefits Shortfall,' emphasizing compliance with applicable laws and credit requirements.

s responsible for NSPI's reasonable legal expenses incurred in reviewing the Seller's request for consent in relation to any Project Amendment or any request for consent to amend the Commercial Terms. - (c) The Seller agrees to obtain and...

AI summary The text outlines the Seller's responsibilities in relation to the Project, including obtaining necessary permits, arranging interconnection, and retaining property rights. NSPI is responsible for legal expenses related to Project Amendments and Commercial Terms.

4. Indemnity As a separate and distinct obligation, the Guarantor hereby indemnifies and saves NSPI harmless from and against any and all damages, losses, costs and expenses of any nature whatsoever resulting from or in consequence of any...

AI summary The Guarantor is required to indemnify NSPI against damages, losses, costs, and expenses resulting from the Seller's default or non-payment under the Agreement, with the maximum recoverable amount limited to the Maximum Guarantee Amount.

s responsible for NSPI's reasonable legal expenses incurred in reviewing the Seller's request for consent in relation to any Project Amendment or any request for consent to amend the Commercial Terms. - (c) The Seller agrees to obtain and...

AI summary The document outlines the Seller's responsibilities regarding legal expenses, obtaining permits, interconnection arrangements, and maintaining property rights for the Project. NSPI is not granted any property rights or control over the Project's development or operations.

12.3 Cooperation - (a) NSPI and the Seller shall enter into a Project Lender Agreement with any Project Lender substantially in the form of Exhibit ["C"](#page-95-0) for the purpose of implementing the Project Lender's Security Agreement p...

AI summary This section outlines the cooperation requirements between NSPI and the Seller, including the process for entering into Project Lender Agreements and the conditions under which amendments to the agreement may be made, ensuring that NSPI's rights and obligations are not adversely affected.

12.1 Project Lender Security The Seller, from time to time on or after the Effective Date shall have the right, at its cost, to enter into a Project Lender's Security Agreement. For greater certainty, if such Project Lender's Security Agre...

AI summary The document outlines the conditions under which a Project Lender's Security Agreement can be entered into by the Seller, specifying that NSPI is not liable for any obligations under such agreements and that only the trustee may exercise rights and remedies on behalf of lenders.

12.3 Cooperation - (a) NSPI and the Seller shall enter into a Project Lender Agreement with any Project Lender substantially in the form of Exhibit ["C"](#page-84-0) for the purpose of implementing the Project Lender's Security Agreement p...

AI summary This section outlines the cooperation requirements between NSPI and the Seller, including the process for entering into a Project Lender Agreement and the conditions under which amendments to the agreement can be made, ensuring that NSPI's rights are not adversely affected.

5.4 Metering All Facility revenue class metering equipment shall be routinely tested by NSPI. At any time, either Party may request a test of the accuracy of the metering equipment at its own expense. The results of meter calibrations or t...

AI summary The section outlines procedures for testing and maintaining revenue class metering equipment by NSPI. It specifies that either party may request tests, and outlines the process for handling inaccuracies, including financial adjustments if meter accuracy exceeds a 2% variance.