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.