Common use of Action by the Clause in Contracts

Action by the. ReliabilityFirst Board A draft Standard submitted to the ReliabilityFirst Board for action must be publicly posted at least 30 days prior to action by the Board. At a regular or special meeting, the ReliabilityFirst Board shall consider adoption of the draft Standard. The Board will consider the results of the voting and dissenting opinions. The Board will consider any advice offered by the SC. Draft Standards that received a simple affirmative majority of categories with votes cast shall be delivered to the ReliabilityFirst Board for their action. The ReliabilityFirst Board shall be provided with an “informational package” which includes: • The draft Standard and any modification or deletion of other related existing Standard(s) • Implementation Plan (including recommending field testing and effective dates) • Technical Documentation supporting the draft Standard • A summary of the vote and summary of the comments and responses that accompanied the votes. The ReliabilityFirst Board is expected to either: • Approve the draft Standard action with only minor or no modification. Under no circumstances may the Board substantively modify the proposed regional reliability standard. • Remand to the SC with comments and instructions, or • Disapprove the draft Standard action without recourse. Draft Standards that did not receive a simple affirmative majority of categories with votes cast in the second voting period shall be delivered to the ReliabilityFirst Board for their action. The ReliabilityFirst Board shall be provided with an “informational package”. The ReliabilityFirst Board is expected to either: • Approve the draft Standard action with only minor or no modification. Under no circumstances may the Board substantively modify the proposed regional reliability standard. • Remand to the SC with comments and instructions, or • Disapprove the draft Standard action without recourse. Once a regional ReliabilityFirst Standard is approved by the Board, the standard will be submitted to NERC for approval and filing with FERC.

Action by the. ReliabilityFirst Board A draft Standard submitted to the ReliabilityFirst Board for action must be publicly posted at least 30 days prior to action by the Board. At a regular or special meeting, the ReliabilityFirst Board shall consider adoption of the draft Standard. The Board will consider the results of the voting and dissenting opinions. The Board will consider any advice offered by the SC. Draft Standards that received a simple affirmative majority two-thirds or greater of categories with votes cast shall be delivered to the ReliabilityFirst Board for their action. The ReliabilityFirst Board shall be provided with an “informational package” which includes: • The draft Standard and any modification or deletion of other related existing Standard(s) • Implementation Plan (including recommending field testing and effective dates) • Technical Documentation supporting the draft Standard • A summary of the vote and summary of the comments and responses that accompanied the votes. The ReliabilityFirst Board is expected to either: • Approve the draft Standard action with only minor or no modification. Under no circumstances may the Board substantively modify the proposed regional reliability standard. • Remand to the SC with comments and instructions, or • Disapprove the draft Standard action without recourse. Draft Standards that did not receive a simple affirmative majority two-thirds or greater of categories with votes cast in the second voting period shall be delivered to the ReliabilityFirst Board for their action. The ReliabilityFirst Board shall be provided with an “informational package”. The ReliabilityFirst Board is expected to either: • Approve the draft Standard action with only minor or no modification. Under no circumstances may the Board substantively modify the proposed regional reliability standard. • Remand to the SC with comments and instructions, or • Disapprove the draft Standard action without recourse. Once a regional ReliabilityFirst Standard is approved by the Board, the standard will be submitted to NERC for approval and filing with FERC.