Common use of Effectiveness of Settlement Agreement Clause in Contracts

Effectiveness of Settlement Agreement. Upon FERC approval of this Settlement Agreement as set forth in this Section 3.1, the provisions of the Settlement Agreement shall be effective as of March 1, 2024. FERC approval of this Settlement Agreement will occur if (a) FERC accepts or approves this Settlement Agreement without condition or modification by Final Order, or (b) FERC accepts or approves this Settlement Agreement with condition(s) or modification(s) by Final Order, if no Settling Party files notice with FERC within fifteen (15) days of the acceptance or approval of the Settlement Agreement stating that it objects to such condition(s) or modification(s). If any Settling Party files such notice, the Settlement Agreement shall be null and void and of no force or effect, and the Parties shall be deemed to have reserved all of their respective rights and remedies in this proceeding. For purposes of this Settlement Agreement, an order shall be deemed to be a “Final Order” as of the date rehearing is denied by FERC, or if rehearing is not sought, the date on which the right to seek FERC rehearing expires.

Effectiveness of Settlement Agreement. Upon FERC approval Approval of this Settlement Agreement as set forth in this Section 3.1, the provisions of the Settlement Agreement shall be effective as of March January 1, 20242022. FERC approval Approval of this Settlement Agreement will occur if (a) FERC accepts or approves this Settlement Agreement without condition or modification by Final Order, or (b) FERC accepts or approves this Settlement Agreement with condition(s) or modification(s) by Final Order, if no Settling Party files notice with FERC within fifteen (15) days of the acceptance or approval of the Settlement Agreement stating that it objects to such condition(s) or modification(s). If any Settling Party files such notice, the Settlement Agreement shall be null and void and of no force or effect, and the Parties shall be deemed to have reserved all of their respective rights and remedies in this proceeding. For purposes of this Settlement Agreement, an order shall be deemed to be a “Final Order” as of the date rehearing is denied by FERC, either by order or by operation of law, or if rehearing is not sought, the date on which the right to seek rehearing from the FERC rehearing expires.

Effectiveness of Settlement Agreement. Upon FERC Commission approval of this Settlement Agreement as set forth in this Section 3.1, the provisions of the Settlement Agreement shall be effective as of March September 1, 20242022. FERC Commission approval of this Settlement Agreement will occur if (a) FERC accepts or approves this Settlement Agreement without condition or modification by Final Order, or (b) FERC the Commission accepts or approves this Settlement Agreement with condition(s) or modification(s) by Final Order, if no Settling Party files notice with FERC the Commission within fifteen (15) days of the acceptance or approval of the Settlement Agreement stating that it objects to such condition(s) or modification(s). If any Settling Party files such notice, the Settlement Agreement shall be null and void and of no force or effect, and the Parties shall be deemed to have reserved all of their respective rights and remedies in this proceeding. For purposes of this Settlement Agreement, an order shall be deemed to be a “Final Order” as of the date rehearing is denied by FERCthe Commission, or if rehearing is not sought, the date on which the right to seek FERC rehearing expires.

Effectiveness of Settlement Agreement. Upon FERC approval of this Settlement Agreement as set forth in this Section 3.1, the provisions of the Settlement Agreement shall be effective as of March January 1, 20242021. FERC approval of this Settlement Agreement will occur if (a) FERC accepts or approves this Settlement Agreement without condition or modification by Final Order, or (b) FERC accepts or approves this Settlement Agreement with condition(s) or modification(s) by Final Order, if no Settling Party files notice with FERC within fifteen (15) days of the acceptance or approval of the Settlement Agreement stating that it objects to such condition(s) or modification(s). If any Settling Party files such notice, the Settlement Agreement shall be null and void and of no force or effect, and the Parties shall be deemed to have reserved all of their respective rights and remedies in this proceeding. For purposes of this Settlement Agreement, an order shall be deemed to be a “Final Order” as of the date rehearing is denied by FERC, or if rehearing is not sought, the date on which the right to seek FERC rehearing expires.

Effectiveness of Settlement Agreement. Upon FERC approval of this Settlement Agreement as set forth in this Section 3.1, the provisions of the Settlement Agreement shall be effective as of March September 1, 20242022. FERC approval of this Settlement Agreement will occur if (a) FERC accepts or approves this Settlement Agreement without condition or modification by Final Order, or (b) FERC accepts or approves this Settlement Agreement with condition(s) or modification(s) by Final Order, if no Settling Party files notice with FERC within fifteen (15) days of the acceptance or approval of the Settlement Agreement stating that it objects to such condition(s) or modification(s). If any Settling Party files such notice, the Settlement Agreement shall be null and void and of no force or effect, and the Parties shall be deemed to have reserved all of their respective rights and remedies in this proceeding. For purposes of this Settlement Agreement, an order shall be deemed to be a “Final Order” as of the date rehearing is denied by FERC, or if rehearing is not sought, the date on which the right to seek FERC rehearing expires.