N-1Non-Confidential Work Order 10/4/2010
10 passages
, contracts, commercial arrangements, intellectual property, trade secrets, corporate strategies, business plans or other information that is based on, contain or reflect any Confidential Information. "Intellectual Property" means all infO...
AI summary The document defines key terms related to confidentiality, intellectual property, and profit under an agreement involving multiple utilities and regulatory entities. It outlines the scope of confidential information and intellectual property rights, emphasizing protection and proper usage.
13. DEFAULT - 13.1 An event of default shall be deemed to have occurred if: - a) a Party becomes insolvent or is adjudged or declared bankrupt or if it goes into receivership or takes the benefit of any statute from time to time in force r...
AI summary This section defines events of default, including insolvency, bankruptcy, and non-compliance with contractual terms, and outlines remedies such as suspension of payments, repayment of contributions, and termination of obligations. The Executive Oversight Committee plays a key role in determining defaults and remedies.
Given the utility regulatory environment and the pressure to minimize rates, it is unlikely that this project would proceed if funding were to rest solely on the utilities. Without funding, the technology configuration and approach to cust...
AI summary The project is unlikely to proceed without external funding due to the current regulatory environment and the lack of a framework to address costs. The business case for load control is tied to potential revenue from four key areas.
10. INDEMNITY 10.1 Neither Canada, nor its employees, officers and agents, will have any liability inrespect of claims afany naturel including claIms for injury or damages, made by any person involved in the acilvities of the Project or os...
AI summary This section outlines an indemnity clause where the Proponent is required to indemnify Canada and its employees, officers, and agents against any claims, including those for injury or damages, arising from the Project or the Agreement.
18. TIME OF ESSENCE 18.1 Time is of the essence with respect to all provisions of this Agreement that specify a time for performance.
AI summary This section emphasizes that time is critical for all provisions in the Agreement that specify a time for performance.
27. APPROPRIATION - 27.1 The payment ofmonle, by Canada under this Agreement is subject to there being an appropriation by Parliament for the Fiscal Year in which the payment of monIes Is to he made. - 27.2 Nomithstandlng any other provlsi...
AI summary The text outlines conditions related to financial contributions by Canada under an agreement, including the requirement for parliamentary appropriation and the possibility of Canada reducing or canceling its financial contribution if funding levels for the Department of Natural Resources change, with adjustments to the project and eligible costs accordingly.
31. SEVERABILITY 31.1 Any provision of this Agreement prohibited by law or otherwise ineffective will be ineffective only to the extent of such prohibition or ineffectiveness and will be severable without invalidating or otherwise affectin...
AI summary This section outlines the severability clause of the Agreement, stating that any provision found to be prohibited by law or ineffective will be severed without invalidating the rest of the Agreement.
32. ENTIRE AGREEMENT 32.1 This Agreement constitutes the complete and exclusive agreement between the Parties with respect to the subject matter hereof, superseding and replacing any and all prior agreements, communications and understandi...
AI summary This section outlines that the agreement is the complete and exclusive agreement between the parties, superseding all prior agreements. It was signed by representatives of the Canadian government and NB Power Holding Corporation on April 22, 2010.
5. All contributors: BUDGET (1,000$) · - ÷09/10 10/11 /⊋.$ 41/42 -12/13 13/14 Total CONTRIBUTORS , PROPONENT 020 F.40 1 1.000 1,400 NATURAL RESOURCES CANADA 930 546 1,164 1,806 1,132 5,578 MATORIC REGODINGES CANADA 3,071 8,633 3,249 947 15...
AI summary This section outlines the contributions from various entities in a regulatory proceeding, including amounts budgeted for different fiscal periods. Natural Resources Canada and Matoric Regodinges Canada are major contributors, with Nova Scotia Power and others also listed. A note indicates that final contributions will be confirmed by September 30, 210, subject to regulatory and corporate approval.
II. Reallocation in Event of a Shortfall in Funding by a Utility Table 5, attached hereto as Schedule "E-2", provides an example ofthe reallocation of the Balance of Shared Funding and Project scope among the Utilities where there is a $1,...
AI summary This section discusses the reallocation of shared funding and project scope among utilities in the event of a funding shortfall by a utility, such as NSPI, and how additional federal funding could increase shared funding and its allocation.