Balancing and Settlement Code. 22.9.1 The Company ceases to be a party to the Balancing and Settlement Code Framework Agreement other than in circumstances where the Company is able to carry on its distribution business; or 22.9.2 the Company breaches the Balancing and Settlement Code and such breach has or is reasonably likely to have a Material Adverse Effect.
Appears in 3 contracts
Samples: Multicurrency Revolving Facilities Agreement (PPL Energy Supply LLC), Amendment and Restatement Agreement (PPL Energy Supply LLC), Multicurrency Revolving Facilities Agreement (PPL Energy Supply LLC)
Balancing and Settlement Code. 22.9.1 (a) The Company ceases to be a party to the Balancing and Settlement Code Framework Agreement other than in circumstances where the Company is able to carry on its distribution business; or
22.9.2 (b) the Company breaches the Balancing and Settlement Code and such breach has or is reasonably likely to have a Material Adverse EffectEffect other than in circumstances where the Company is able to carry on its distribution business.
Appears in 2 contracts
Samples: Credit Facility Agreement (PPL Corp), Credit Facility Agreement (PPL Corp)
Balancing and Settlement Code. 22.9.1 The Company Company:
(a) ceases to be a party to the Balancing and Settlement Code Framework Agreement other than in circumstances where the Company is able to carry on its distribution business; or
22.9.2 the Company (b) breaches the Balancing and Settlement Code and such breach has or is reasonably likely to have a Material Adverse Effect.
Appears in 1 contract
Balancing and Settlement Code. 22.9.1 20.9.1 The Company ceases to be a party to the Balancing and Settlement Code Framework Agreement other than in circumstances where the Company is able to carry on its distribution business; or
22.9.2 20.9.2 the Company breaches the Balancing and Settlement Code and such breach has or is reasonably likely to have a Material Adverse EffectEffect other than in circumstances where the Company is able to carry on its distribution business.
Appears in 1 contract
Samples: Multicurrency Revolving Facility Agreement (PPL Energy Supply LLC)
