Commission Regulations Control Clause Samples
The 'Commission Regulations Control' clause establishes that the rules and requirements set by a governing commission take precedence over any conflicting terms in the agreement. In practice, this means that if there is a discrepancy between the contract and the commission's regulations, the latter will override the contract's provisions. This clause ensures compliance with regulatory standards and prevents contractual terms from violating mandatory legal or regulatory obligations.
Commission Regulations Control. Notwithstanding anything to the contrary in this Servicing Agreement, the duties of the Servicer set forth in this Servicing Agreement shall be qualified and limited in their entirety by the Energy Transition Act, the Financing Order and any Commission Regulations as in effect at the time such duties are to be performed.
Commission Regulations Control. Notwithstanding anything to the contrary in this Servicing Agreement, the duties of the Servicer set forth in this Servicing Agreement shall be qualified and limited in their entirety by the Nuclear Asset-Recovery Law, the Financing Order and any Commission Regulations as in effect at the time such duties are to be performed.