Topic:"Legal Procedures" in M13042

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.

cation is made or caused to be made). - (g) The Generator Interconnection Agreement is terminated in accordance with its terms other than for a default of NSPI thereunder. - (h) The Seller ceases Energy production at the Facility for a con...

AI summary This section outlines the conditions under which a Seller may be in default, including termination of the Generator Interconnection Agreement, cessation of energy production for 30 days without reasonable efforts to restore operations, and the untruthfulness of key representations provided by the Seller.

s and shall cease to be entitled to any of the Seller's rights and benefits contained in this Agreement, unless the Project Lender's Security Agreement remains in effect by way of continuing security. - (f) Notwithstanding Section 16.2, th...

AI summary This section outlines the conditions under which the Project Lender may transfer or dispose of the Seller's Interest in the Project, requiring NSPI's approval and ensuring the transferee meets technical and financial criteria. It also details NSPI's rights and obligations in the event of termination due to a Seller Event of Default.

1.5 Waiver, Amendment No waiver of any provision of the Agreement shall be binding unless executed in writing by the Party to be bound thereby. No waiver of any provision of the Agreement shall constitute a waiver of any other provision th...

AI summary This section outlines the conditions under which waivers of the Agreement's provisions are valid, emphasizing that they must be in writing and do not imply ongoing or broader waivers. It also states that inspections or reviews by NSPI or Government Agencies do not relieve the Seller from fulfilling obligations.

1.7 Governing Law The laws of the Province of Nova Scotia and the federal laws of Canada applicable therein (without regard to any conflict of law principles which would apply the laws of another jurisdiction) shall govern all matters aris...

AI summary This section outlines the governing law for the Agreement, specifying that the laws of Nova Scotia and applicable federal laws of Canada shall govern all matters, with disputes to be resolved in the courts of Nova Scotia in Halifax.

13.2 Consequences of Change in Law - (a) To the extent that there is a Change in Law, then: - (i) the Seller, upon becoming aware of the consequences of such Change in Law, shall promptly notify NSPI; and - (ii) the Parties shall engage in...

AI summary This section outlines the process for addressing the consequences of a Change in Law, requiring the Seller to notify NSPI and engage in good faith negotiations to amend the agreement. If no agreement is reached, the matter will be resolved through the dispute resolution procedures outlined in Article 14.

8. Governing Law This agreement will be governed by and interpreted in accordance with the laws of the Province of Nova Scotia and the federal laws of Canada applicable in the Province of Nova Scotia.

AI summary The agreement is governed by the laws of Nova Scotia and applicable federal laws of Canada within the province. This establishes the legal framework for interpreting and enforcing the agreement.

e Electricity Act. Respondent – shall have the meaning set forth in Section [14.1(b)](#page-69-3) Restated Energy Bid – has the meaning set forth in Section [4.1(c).](#page-40-1) Scheduled Commercial Operation Date – means the date schedul...

AI summary The text defines various terms and concepts related to legal and regulatory frameworks in the context of energy and electricity, including definitions of key parties, events, and financial mechanisms within agreements and regulations.

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 the introduction or amendment of statutes, orders-in-council, or regulations by the Nova Scotia government or legislature that increases the Seller's costs or affects its net revenues, unless certain exceptions apply, such as general laws, publicly disclosed legislation, or laws created under the Energy Reform (2024) Act.