Common use of Basic Understandings Clause in Contracts

Basic Understandings. Under the Massachusetts Electric Industry Restructuring Act of 1997, the Company's Terms and Conditions for Competitive Suppliers approved by the Department of Public Utilities ("MDPU") (the MDPU is the successor agency to the Department of Telecommunications and Energy) as in effect and revised from time to time (referred to herein as the "Terms and Conditions"), and applicable regulations of the MDPU, Company has the authority and obligation to perform services for Competitive Suppliers of electricity. The Terms and Conditions, in Section 3C.5, require the Competitive Supplier to enter into a service contract with the Company prior to the initiation of Generation Service, as defined therein, for the provision of these services. Accordingly, Company agrees to provide services to Competitive Supplier in accordance with the Terms and Conditions, incorporated herein by reference, and the terms of this Agreement. This form of Agreement has been developed for use between Company and Competitive Suppliers, 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. Under the Massachusetts Electric Industry Restructuring Act of 1997, the Company's ’s Terms and Conditions for Competitive Suppliers approved by the Department of Public Utilities ("MDPU") (the MDPU is the successor agency to the Department of Telecommunications and EnergyEnergy (“MDTE”) as in effect and revised from time to time (referred to herein as the "“Terms and Conditions"”), and applicable regulations of the MDPUMDTE, Company has the authority and obligation to perform services for Competitive Suppliers competitive suppliers of electricity. The Terms and Conditions, in Section 3C.5, require the Competitive Supplier to enter into a service contract with the Company prior to the initiation of Generation Service, as defined therein, for the provision of these services. Accordingly, Company agrees to provide services to Competitive Supplier in accordance with the Terms and Conditions, incorporated herein by reference, and the terms of this Agreement. This form of Agreement has been developed for use between Company and Competitive Suppliers, and may not be waived, altered, amended, or modified, except as provided herein. Exhibits A, B A and CB, attached hereto and incorporated herein by reference, include additional terms which are a part of this Agreement.

Basic Understandings. Under Company has the authority and obligation under the Massachusetts Electric Industry Restructuring Act of 1997, the Company's Terms and Conditions for Competitive Suppliers approved by the Department of Public Utilities ("MDPUM.D.P.U.") (the MDPU is the successor agency to the Department of Telecommunications and Energy) as in effect and revised from time to time (referred to herein as the "Terms and Conditions"), and applicable regulations of the MDPU, Company has the authority and obligation M.D.P.U. to perform services for Competitive Suppliers of electricity. The Terms and Conditions, in Section 3C.5, require the Competitive Supplier to enter into a service contract with the Company prior to the initiation of Generation Service, as defined therein, for the provision of these services. Accordingly, Company agrees to provide services to Competitive Supplier in accordance with the Terms and Conditions, incorporated herein by reference, and the terms of this Agreement. This form of Agreement has been developed for use between Company and Competitive Suppliers, and may not be waived, altered, amended, or modified, except as provided herein. Exhibits A, B A and CB, attached hereto and incorporated herein by reference, include additional terms which are a part of this Agreement.