Common use of Basic Understandings Clause in Contracts

Basic Understandings. 1.1 The Maine Legislature enacted An Act to Restructure the State’s Electric Industry Public Law 1997, Chapter 316 codified as 35-A M.R.S.A , §§ 3201-3217 (the “Restructuring Act”). Accordingly, the T&D agrees to provide services to Provider in accordance with the Restructuring Act, all applicable Maine Public Utilities Commission (“MPUC”) Rules and Regulations, the Maine Electronic Business Transactions Standards approved by the Commission (“EBT Standards”) and the Terms and Conditions, incorporated herein by reference (all of the foregoing being further identified in Exhibit C and hereinafter collectively referred to as the “Precepts”), and the terms of this Agreement. 1.2 The parties agree that, notwithstanding any provision of this Agreement, the Precepts relating to the subject matter of this Agreement shall control. Accordingly, (a) in the event of any conflict between a term of this Agreement and any Precept, or (b) in the event that any aspect of the parties’ transactions relative to the subject matter of this Agreement is not addressed by this Agreement, but is addressed in a Precept, then the applicable Precept shall govern. In the event that a Precept shall change and as a result any provision of this Agreement shall be in conflict with the Precept, the Precept, as changed, shall govern. Upon any change in a Precept which renders a provision of this Agreement inconsistent with the Precept, either party may propose that the MPUC approve a conforming amendment to the Standard Form Service Agreement. Upon acceptance by the MPUC of any proposed change to the Standard Form Service Agreement, this Agreement shall be deemed to have been amended accordingly. 1.3 This form of Agreement has been developed for use between the T&D and SOPs, and may not be waived, altered, amended, or modified, except as provided herein. Exhibits A, B and C, attached hereto and incorporated herein by reference, include additional terms which are a part of this Agreement.

Basic Understandings. 1.1 The Maine Legislature enacted An Act to Restructure the State’s Electric Industry Public Law 1997, Chapter 316 codified as 35-A M.R.S.A , M.R.S.A. §§ 3201-3217 (the “Restructuring Act”). Accordingly, the T&D agrees to provide services to Provider in accordance with the Restructuring Act, all applicable Maine Public Utilities Commission (“MPUC”) Rules and Regulations, the Maine Electronic Business Transactions Standards approved by the Commission MPUC (“EBT Standards”) ), all applicable FERC jurisdictional tariffs, rate schedules and agreements and the T&D's Terms and Conditions, incorporated herein by reference (all of the foregoing being further identified in Exhibit C and hereinafter collectively referred to as the “Precepts”), and the terms of this Agreement. 1.2 The parties Parties agree that, notwithstanding any provision of this Agreement, the Precepts relating to the subject matter of this Agreement shall controlapply, with the MPUC's order designating Provider as the Standard Offer Service provider and defining its obligations as the Standard Offer Service provider (the "SOP Obligations") pursuant to the conditions included thereunder (the "Order") to serve as the preeminent Precept hereunder. Accordingly, (a) in the event of any conflict between the Order and any other Precept, the Order shall control. In the event that: (a) any conflict between a term of this Agreement and any Precept, or (b) in the event that any aspect of the partiesParties’ transactions relative to the subject matter of this Agreement is not fully addressed by this Agreement, but is addressed in a Precept, then the applicable Precept shall govern. In Subject to the provisions of the aforementioned Order, in the event that a Precept shall change and as a result any provision of this Agreement shall be in conflict with the Precept, the Precept, as changed, shall govern. Upon any change in a Precept which renders a provision of this Agreement inconsistent with the Precept, either party Party may propose that the MPUC approve a conforming amendment to the Standard Form Service this Agreement. Upon acceptance by To the MPUC of any proposed change to the Standard Form Service Agreementextent that neither clause (a) nor clause (b) above is applicable, this Agreement shall be deemed govern the Parties’ respective rights and obligations with respect to have been amended accordinglythe subject matter of this Agreement. 1.3 This form of Agreement has been developed for use between the T&D and SOPsProvider, and may not be waived, altered, amended, or modified, except as provided herein. Exhibits A, B and B, C, D and E and Appendix 1 attached hereto and incorporated herein by reference, include additional terms which are form a part of this Agreement.

Basic Understandings. 1.1 The Maine Legislature enacted An Act to Restructure the State’s Electric Industry Public Law 1997, Chapter 316 codified as 35-A M.R.S.A , §§ 3201-3217 (the “Restructuring Act”). Accordingly, the T&D agrees to provide services to Provider in accordance with the Restructuring Act, all applicable Maine Public Utilities Commission (“MPUC”) Rules and Regulations, the Maine Electronic Business Transactions Standards approved by the Commission MPUC (“EBT Standards”) ), all applicable FERC jurisdictional tariffs, rate schedules and agreements and the T&D's Terms and Conditions, incorporated herein by reference (all of the foregoing being further identified in Exhibit C and hereinafter collectively referred to as the “Precepts”), and the terms of this Agreement. 1.2 The parties Parties agree that, notwithstanding any provision of this Agreement, the Precepts relating to the subject matter of this Agreement shall controlapply, with the MPUC's order designating Provider as the Standard Offer Service provider and defining its obligations as the Standard Offer Service provider (the "SOP Obligations") pursuant to the conditions included thereunder (the "Order") to serve as the preeminent Precept hereunder. Accordingly, (a) in the event of any conflict between the Order and any other Precept, the Order shall control. In the event that: (a) any conflict between a term of this Agreement and any Precept, or (b) in the event that any aspect of the partiesParties’ transactions relative to the subject matter of this Agreement is not fully addressed by this Agreement, but is addressed in a Precept, then the applicable Precept shall govern. In Subject to the provisions of the aforementioned Order, in the event that a Precept shall change and as a result any provision of this Agreement shall be in conflict with the Precept, the Precept, as changed, shall govern. Upon any change in a Precept which renders a provision of this Agreement inconsistent with the Precept, either party Party may propose that the MPUC approve a conforming amendment to the Standard Form Service this Agreement. Upon acceptance by To the MPUC of any proposed change to the Standard Form Service Agreementextent that neither clause (a) nor clause (b) above is applicable, this Agreement shall be deemed govern the Parties’ respective rights and obligations with respect to have been amended accordinglythe subject matter of this Agreement. 1.3 This form of Agreement has been developed for use between the T&D and SOPsProvider, and may not be waived, altered, amended, or modified, except as provided herein. Exhibits A, B and B, C, D and E and Appendix 1 attached hereto and incorporated herein by reference, include additional terms which are form a part of this Agreement.

Basic Understandings. 1.1 The Maine Legislature enacted An Act to Restructure the State’s Electric Industry Public Law 1997, Chapter 316 codified as 35-A M.R.S.A , §§ 3201-3217 (the “Restructuring Act”). Accordingly, the T&D agrees to provide services to Provider in accordance with the Restructuring Act, the terms of this Agreement, all applicable Maine Public Utilities Commission (“MPUC”) Rules and Regulations, the Maine Electronic Business Transactions Standards approved by the Commission (“EBT Standards”) and the T&D’s Terms and Conditions, incorporated herein by reference and all applicable FERC jurisdictional tariffs, rate schedules and agreements (all of the foregoing being incorporated herein by reference and further identified in Exhibit C and hereinafter C, collectively referred to herein as the “Precepts”), and the terms of this Agreement. 1.2 The parties agree that, notwithstanding any provision of this Agreement, the Precepts relating to the subject matter of this Agreement shall control. Accordingly, (a) in the event of any conflict between a term of this Agreement and any Precept, or (b) in the event that any aspect of the parties’ transactions relative to the subject matter of this Agreement is not addressed by this Agreement, but is addressed in a Precept, then the applicable Precept shall govern. In the event that a Precept shall change and as a result any provision of this Agreement shall be in conflict with the Precept, the Precept, as changed, shall govern. Upon any change in a Precept which renders a provision of this Agreement inconsistent with the Precept, either party may propose that the MPUC approve a conforming amendment to the Standard Form Service this Agreement. Upon acceptance by the MPUC of any proposed change to the Standard Form Service Agreement, this Agreement shall be deemed to have been amended accordingly. 1.3 This form of Agreement has been developed for use between the T&D and SOPsstandard offer providers, and may not be waived, altered, amended, or modified, except as provided herein. Exhibits A, B B, C and CD, attached hereto and incorporated herein by reference, include additional terms which are a part of this Agreement.

Basic Understandings. 1.1 The Maine Legislature enacted An Act to Restructure the State’s Electric Industry Public Law 1997, Chapter 316 codified as 35-A M.R.S.A , M.R.S.A. §§ 3201-3217 (the “Restructuring Act”). Accordingly, the T&D agrees to provide services to Provider in accordance with the Restructuring Act, all applicable Maine Public Utilities Commission (“MPUC”) Rules and Regulations, the Maine Electronic Business Transactions Standards approved by the Commission MPUC (“EBT Standards”) ), all applicable FERC jurisdictional tariffs, rate schedules and agreements and the T&D's Terms and Conditions, incorporated herein by reference (all of the foregoing being further identified in Exhibit C and hereinafter collectively referred to as the “Precepts”), and the terms of this Agreement. 1.2 The parties Parties agree that, notwithstanding any provision of this Agreement, the Precepts relating to the subject matter of this Agreement shall controlapply, with the MPUC's order designating Provider as the Standard Offer Service provider and defining its obligations as the Standard Offer Service provider (the "SOP Obligations") pursuant to the conditions included thereunder (the "Order") to serve as the preeminent Precept hereunder. Accordingly, (a) in the event of any conflict between the Order and any other Precept, the Order shall control. In the event that: (a) any conflict between a term of this Agreement and any Precept, or (b) in the event that any aspect of the partiesParties’ transactions relative to the subject matter of this Agreement is not fully addressed by this Agreement, but is addressed in a Precept, then the applicable Precept shall govern. In Subject to the provisions of the aforementioned Order, in the event that a Precept shall change and as a result any provision of this Agreement shall be in conflict with the Precept, the Precept, as changed, shall govern. Upon any change in a Precept which renders a provision of this Agreement inconsistent with the Precept, either party Party may propose that the MPUC approve a conforming amendment to the Standard Form Service this Agreement. Upon acceptance by To the MPUC of any proposed change to the Standard Form Service Agreementextent that neither clause (a) nor clause (b) above is applicable, this Agreement shall be deemed govern the Parties’ respective rights and obligations with respect to have been amended accordinglythe subject matter of this Agreement. 1.3 This form of Agreement has been developed for use between the T&D and SOPsProvider, and may not be waived, altered, amended, or modified, except as provided herein. Exhibits A, B and B, C, D and E attached hereto and incorporated herein by reference, include additional terms which are form a part of this Agreement.

Basic Understandings. 1.1 The Maine Legislature enacted An Act to Restructure the State’s Electric Industry Public Law 1997, Chapter 316 codified as 35-A M.R.S.A , §§ 3201-3217 (the “Restructuring Act”). Accordingly, the T&D agrees to provide services to Provider in accordance with the Restructuring Act, all applicable Maine Public Utilities Commission (“MPUC”) Rules and Regulations, the Maine Electronic Business Transactions Standards approved by the Commission (“EBT Standards”) and the T&D’s Terms and Conditions, all incorporated herein by reference (all of the foregoing being further identified in Exhibit C and hereinafter collectively referred to as the “Precepts”), and the terms of this Agreement. 1.2 The parties agree that, notwithstanding any provision of this Agreement, the Precepts relating to the subject matter of this Agreement shall control. Accordingly, (a) in the event of any conflict between a term of this Agreement and any Precept, or (b) in the event that any aspect of the parties’ transactions relative to the subject matter of this Agreement is not addressed by this Agreement, but is addressed in a Precept, then the applicable Precept shall govern. In the event that a Precept shall change and as a result any provision of this Agreement shall be in conflict with the Precept, the Precept, as changed, shall govern. Upon any change in a Precept which renders a provision of this Agreement inconsistent with the Precept, either party may propose that the MPUC approve a conforming amendment to the Standard Form standard form Service Agreement. Upon acceptance by the MPUC of any proposed change to the Standard Form standard form Service Agreement, this Agreement shall be deemed to have been amended accordingly. 1.3 This form of Agreement has been developed for use between the T&D and SOPsCEPs, and may not be waived, altered, amended, or modified, except as provided herein. Exhibits A, B and C, attached hereto and incorporated herein by reference, include additional terms which are a part of this Agreement.

Basic Understandings. 1.1 The Maine Legislature enacted An Act to Restructure the State’s Electric Industry Public Law 1997, Chapter 316 codified as 35-A 35­A M.R.S.A , §§ 3201-3217 3201­3217 (the “Restructuring Act”). Accordingly, the T&D agrees to provide services to Provider in accordance with the Restructuring Act, the terms of this Agreement, all applicable Maine Public Utilities Commission (“MPUC”) Rules and Regulations, the Maine Electronic Business Transactions Standards approved by the Commission (“EBT Standards”) and the T&D’s Terms and Conditions, incorporated herein by reference and all applicable FERC jurisdictional tariffs, rate schedules and agreements (all of the foregoing being incorporated herein by reference and further identified in Exhibit C and hereinafter C, collectively referred to herein as the “Precepts”), and the terms of this Agreement. 1.2 The parties agree that, notwithstanding any provision of this Agreement, the Precepts relating to the subject matter of this Agreement shall control. Accordingly, (a) in the event of any conflict between a term of this Agreement and any Precept, or (b) in the event that any aspect of the parties’ transactions relative to the subject matter of this Agreement is not addressed by this Agreement, but is addressed in a Precept, then the applicable Precept shall govern. In the event that a Precept shall change and as a result any provision of this Agreement shall be in conflict with the Precept, the Precept, as changed, shall govern. Upon any change in a Precept which renders a provision of this Agreement inconsistent with the Precept, either party may propose that the MPUC approve a conforming amendment to the Standard Form Service this Agreement. Upon acceptance by the MPUC of any proposed change to the Standard Form Service Agreement, this Agreement shall be deemed to have been amended accordingly. 1.3 This form of Agreement has been developed for use between the T&D and SOPsstandard offer providers, and may not be waived, altered, amended, or modified, except as provided herein. Exhibits A, B B, C and CD, attached hereto and incorporated herein by reference, include additional terms which are a part of this Agreement.

Basic Understandings. 1.1 The Maine Legislature enacted An Act to Restructure the State’s Electric Industry Public Law 1997, Chapter 316 codified as 35-A M.R.S.A , §§ 3201-3217 (the “Restructuring Act”). Accordingly, the T&D agrees to provide services to Provider in accordance with the Restructuring Act, the terms of this Agreement, all applicable Maine Public Utilities Commission (“MPUC”) Rules and Regulations, the Maine Electronic Business Transactions Standards approved by the Commission (“EBT Standards”) and the T&D’s Terms and Conditions, incorporated herein by reference and all applicable FERC jurisdictional tariffs, rate schedules and agreements (all of the foregoing being beingincorporated herein by reference and further identified in Exhibit C and hereinafter C,collectively referred to herein as the “Precepts”), and the terms of this Agreement... 1.2 The parties agree that, notwithstanding any provision of this Agreement, the Precepts relating to the subject matter of this Agreement shall control. Accordingly, (a) in the event of any conflict between a term of this Agreement and any Precept, or (b) in the event that any aspect of the parties’ transactions relative to the subject matter of this Agreement is not addressed by this Agreement, but is addressed in a Precept, then the applicable Precept shall govern. In the event that a Precept shall change and as a result any provision of this Agreement shall be in conflict with the Precept, the Precept, as changed, shall govern. Upon any change in a Precept which renders a provision of this Agreement inconsistent with the Precept, either party may propose that the MPUC approve a conforming amendment to the Standard Form Service Agreement. Upon acceptance by the MPUC of any proposed change to the Standard Form Service Agreement, this Agreement shall be deemed to have been amended accordingly. 1.3 This form of Agreement has been developed for use between the T&D and SOPsstandard offer providers, and may not be waived, altered, amended, or modified, except as provided herein. Exhibits A, B B, C and CD, attached hereto and incorporated herein by reference, include additional terms which are a part of this Agreement.

Basic Understandings. 1.1 The Maine Legislature enacted An Act to Restructure the State’s Electric Industry Public Law 1997, Chapter 316 codified as 35-A M.R.S.A , M.R.S.A. §§ 3201-3217 (the “Restructuring Act”). Accordingly, the T&D agrees to provide services to Provider in accordance with the Restructuring Act, all applicable Maine Public Utilities Commission (“MPUC”) Rules and Regulations, the Maine Electronic Business Transactions Standards approved by the Commission (“EBT Standards”) all applicable FERC jurisdictional tariffs, rate schedules and agreements and the T&D's Terms and Conditions, incorporated herein by reference (all of the foregoing being further identified in Exhibit C and hereinafter collectively referred to as the “Precepts”), and the terms of this Agreement. 1.2 The parties Parties agree that, notwithstanding any provision of this Agreement, the Precepts relating to the subject matter of this Agreement shall controlapply, with the MPUC's order designating Provider as the Time-Of-Use (“TOU”) Offer Service provider (“TOUOP”)and defining its obligations as the TOU Offer Service provider (the "TOUOP Obligations") pursuant to the conditions included thereunder (the "Order") to serve as the preeminent Precept hereunder. Accordingly, (a) in the event of any conflict between the Order and any other Precept, the Order shall control. In the event that: (a) any conflict between a term of this Agreement and any Precept, or (b) in the event that any aspect of the partiesParties’ transactions relative to the subject matter of this Agreement is not fully addressed by this Agreement, but is addressed in a Precept, then the applicable Precept shall govern. In Subject to the provisions of the aforementioned Order, in the event that a Precept shall change and as a result any provision of this Agreement shall be in conflict with the Precept, the Precept, as changed, shall govern. Upon any change in a Precept which renders a provision of this Agreement inconsistent with the Precept, either party Party may propose that the MPUC approve a conforming amendment to the Standard Form Service this Agreement. Upon acceptance by To the MPUC of any proposed change to the Standard Form Service Agreementextent that neither clause (a) nor clause (b) above is applicable, this Agreement shall be deemed govern the Parties’ respective rights and obligations with respect to have been amended accordinglythe subject matter of this Agreement. 1.3 This form of Agreement has been developed for use between the T&D and SOPsProvider, and may not be waived, altered, amended, or modified, except as provided herein. Exhibits A, B and B, C, D and E and Appendix 1 attached hereto and incorporated herein by reference, include additional terms which are form a part of this Agreement.

Basic Understandings. 1.1 The Maine Legislature enacted An Act to Restructure the State’s Electric Industry Public Law 1997, Chapter 316 codified as 35-A M.R.S.A M.R.S.A., §§ 3201-3217 (the “Restructuring Act”). Accordingly, the T&D agrees to provide services to Provider in accordance with the Restructuring Act, the terms of this Agreement, all applicable Maine Public Utilities Commission (“MPUC”) Rules and Regulations, the Maine Electronic Business Transactions Standards approved by the Commission (“EBT Standards”) and ), the T&D’s Terms and Conditions, incorporated herein by reference and all applicable FERC jurisdictional tariffs, rate schedules and agreements (all of the foregoing being incorporated herein by reference and further identified in Exhibit C and hereinafter C, collectively referred to herein as the “Precepts”), and the terms of this Agreement. 1.2 The parties Parties agree that, notwithstanding any provision of this Agreement, the Precepts relating to the subject matter of this Agreement shall control. Accordingly, (a) in the event of any conflict between a term of this Agreement and any Precept, or (b) in the event that any aspect of the partiesParties’ transactions relative to the subject matter of this Agreement is not addressed by this Agreement, but is addressed in a Precept, then the applicable Precept shall govern. In the event that a Precept shall change and as a result any provision of this Agreement shall be in conflict with the Precept, the Precept, as changed, shall govern. Upon any change in a Precept which renders a provision of this Agreement inconsistent with the Precept, either party Party may propose that the MPUC approve a conforming amendment to the Standard Form Service this Agreement. Upon acceptance by the MPUC of any proposed change to the Standard Form Service Agreement, this Agreement shall be deemed to have been amended accordingly. 1.3 This form of Agreement has been developed for use between the T&D and SOPsstandard offer providers, and may not be waived, altered, amended, or modified, except as provided herein. Exhibits A, B B, C and CD, attached hereto and incorporated herein by reference, include additional terms which are a part of this Agreement.

Basic Understandings. 1.1 The Maine Legislature enacted An Act to Restructure the State’s Electric Industry Public Law 1997, Chapter 316 codified as 35-A M.R.S.A , §§ 3201-3217 (the “Restructuring Act”). Accordingly, the T&D agrees to provide services to Provider in accordance with the Restructuring Act, the terms of this Agreement, all applicable Maine Public Utilities Commission (“MPUC”) Rules and Regulations, the Maine Electronic Business Transactions Standards approved by the Commission (“EBT Standards”) and the T&D’s Terms and Conditions, incorporated herein by reference and all applicable FERC jurisdictional tariffs, rate schedules and agreements (all of the foregoing being incorporated herein by reference and further identified in Exhibit C and hereinafter C, collectively referred to herein as the “Precepts”), and the terms of this Agreement. 1.2 The parties agree that, notwithstanding any provision of this Agreement, the Precepts relating to the subject matter of this Agreement shall control. Accordingly, (a) in the event of any conflict between a term of this Agreement and any Precept, or (b) in the event that any aspect of the parties’ transactions relative to the subject matter of this Agreement is not addressed by this Agreement, but is addressed in a Precept, then the applicable Precept shall govern. In the event that a Precept shall change and as a result any provision of this Agreement shall be in conflict with the Precept, the Precept, as changed, shall govern. Upon any change in a Precept which renders a provision of this Agreement inconsistent with the Precept, either party may propose that the MPUC approve a conforming amendment to the Standard Form Service this Agreement. Upon acceptance by the MPUC of any proposed change to the Standard Form Service Agreement, this Agreement shall be deemed to have been amended accordingly. 1.3 This form of Agreement has been developed for use between the T&D and SOPsstandard offer providers, and may not be waived, altered, amended, or modified, except as provided herein. Appendix 1 and Exhibits A, B B, C and CD, attached hereto and incorporated herein by reference, include additional terms which are a part of this Agreement.

Basic Understandings. 1.1 The Maine Legislature enacted An Act to Restructure the State’s Electric Industry Public Law 1997, Chapter 316 codified as 35-A M.R.S.A M.R.S.A., §§ 3201-3217 (the “Restructuring Act”). Accordingly, the T&D agrees to provide services to Provider in accordance with the Restructuring Act, the terms of this Agreement, all applicable Maine Public Utilities Commission (“MPUC”) Rules and Regulations, the Maine Electronic Business Transactions Standards approved by the Commission (“EBT Standards”) and ), the T&D’s Terms and Conditions, incorporated herein by reference and all applicable FERC jurisdictional tariffs, rate schedules and agreements (all of the foregoing being incorporated herein by reference and further identified in Exhibit C and hereinafter C, collectively referred to herein as the “Precepts”), and the terms of this Agreement. 1.2 The parties agree that, notwithstanding any provision of this Agreement, the Precepts relating to the subject matter of this Agreement shall control. Accordingly, (a) in the event of any conflict between a term of this Agreement and any Precept, or (b) in the event that any aspect of the parties’ transactions relative to the subject matter of this Agreement is not addressed by this Agreement, but is addressed in a Precept, then the applicable Precept shall govern. In the event that a Precept shall change and as a result any provision of this Agreement shall be in conflict with the Precept, the Precept, as changed, shall govern. Upon any change in a Precept which renders a provision of this Agreement inconsistent with the Precept, either party may propose that the MPUC approve a conforming amendment to the Standard Form Service this Agreement. Upon acceptance by the MPUC of any proposed change to the Standard Form Service Agreement, this Agreement shall be deemed to have been amended accordingly. 1.3 This form of Agreement has been developed for use between the T&D and SOPsstandard offer providers, and may not be waived, altered, amended, or modified, except as provided herein. Exhibits A, B B, C and CD, attached hereto and incorporated herein by reference, include additional terms which are a part of this Agreement.