Disconnection and Curtailment by the Companies Sample Clauses

Disconnection and Curtailment by the Companies. Each of the Companies shall have the right, without incurring any liability to the XXXX Supplier, to disconnect (or otherwise curtail, interrupt or reduce deliveries from) the XXXX Supplier or to disconnect (or otherwise curtail, interrupt or reduce deliveries to) any Customer whenever one of the Companies determines in its discretion acting in good faith that such a disconnection, curtailment, interruption or reduction is necessary to facilitate construction, installation, maintenance, repair, replacement or inspection of any of the Companies’ facilities; or due to any other reason affecting the safe and reliable operation of any of the Companies’ or a Customer’s facilities, including Emergencies, forced outages or potential overloading of any of the Companies’ transmission or distribution circuits, potential damage to any Customer’s facilities or any risk of injury to persons, or when any of the Companies are directed by PJM. The Companies shall not show any preference for any entity affiliated with it in connection with any such disconnection, curtailment or reduction.
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Disconnection and Curtailment by the Companies. Each of the Companies shall have the right, without incurring any liability to the BGS-FP Supplier, to disconnect (or otherwise curtail, interrupt or reduce deliveries from) the BGS-FP Supplier or to disconnect (or otherwise curtail, interrupt or reduce deliveries to) any Customer whenever the appropriate Company (or Companies) determines in the exercise of its (or their) good faith discretion, or when a Company is directed by the MISO, that such a disconnection, curtailment, interruption or reduction is necessary to facilitate construction, installation, maintenance, repair, replacement or inspection of any of a Company’s facilities; or due to any other reason affecting the safe and reliable operation of a Company’s or a Customer’s facilities, including Emergencies, forced outages or potential overloading of a Company’s transmission and/or distribution circuits, potential damage to any Customer’s facilities or any risk of injury to persons; provided, however, that nothing in this Section 10.1 shall modify or otherwise alter the rights and obligations provided under any existing FERC approved agreement between one or more of the Companies and the BGS-FP Supplier governing the provision of interconnection services. Each of the Companies shall have the right to implement the MISO load response programs and emergency energy programs.
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Disconnection and Curtailment by the Companies. The Companies shall have the right, without incurring any liability to the BGS-FP Supplier, to disconnect (or otherwise curtail, interrupt or reduce deliveries from) the BGS-FP Supplier or to disconnect (or otherwise curtail, interrupt or reduce deliveries to) any Customer whenever the Companies determine in the exercise of their good faith discretion, or when a Company is directed by the MISO (directly or indirectly), that such a disconnection, curtailment, interruption or reduction is necessary to facilitate construction, installation, maintenance, repair, replacement or inspection of any of a Company’s facilities; or due to any other reason affecting the safe and reliable operation of a Company’s or a Customer’s facilities, including Emergencies, forced outages or potential overloading of a Company’s transmission and/or distribution circuits, potential damage to any Customer’s facilities or any risk of injury to persons. The Companies shall have the right to implement the MISO load response programs and emergency energy programs.
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Disconnection and Curtailment by the Companies 
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Related to Disconnection and Curtailment by the Companies

  • Payment by the Company If the Registration Statement covering the Registrable Securities required to be filed by the Company pursuant to Section 2(a) hereof is not declared effective within one hundred twenty (120) calendar days following the Due Date, then the Company shall pay the Initial Investor 2% of the purchase price paid by the Initial Investor for the Registrable Securities pursuant to the Subscription Agreement for every thirty day period, or portion thereof, following the one hundred twenty (120) calendar day period until the Registration Statement is declared effective. Notwithstanding the foregoing, the amounts payable by the Company pursuant to this provision shall not be payable to the extent any delay in the effectiveness of the Registration Statement occurs because of an act of, or a failure to act or to act timely by the Initial Investor or its counsel. The above damages shall continue until the obligation is fulfilled and shall be paid within 5 business days after each 30 day period, or portion thereof, until the Registration Statement is declared effective. Failure of the Company to make payment within said 5 business days shall be considered a default. The Company acknowledges that its failure to have the Registration Statement declared effective within said one hundred twenty (120) calendar day period following the Due Date, will cause the Initial Investor to suffer damages in an amount that will be difficult to ascertain. Accordingly, the parties agree that it is appropriate to include in this Agreement a provision for liquidated damages. The parties acknowledge and agree that the liquidated damages provision set forth in this section represents the parties' good faith effort to quantify such damages and, as such, agree that the form and amount of such liquidated damages are reasonable and will not constitute a penalty. The payment of liquidated damages shall not relieve the Company from its obligations to register the Common Stock and deliver the Common Stock pursuant to the terms of this Agreement, the Subscription Agreement and the Debenture.

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