ESTABLISHMENT AND OPERATION OF THE COMPANY Sample Clauses

ESTABLISHMENT AND OPERATION OF THE COMPANY. 5 (1) The Commonwealth and the States will, to the extent each in its capacity as a shareholder in the Company is able, procure the Company to:
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Related to ESTABLISHMENT AND OPERATION OF THE COMPANY

  • STANDARDS OF MANAGEMENT AND OPERATIONS In performing its obligations hereunder, during the term of this ESA, the Competitive Supplier shall exercise reasonable care to assure that its facilities are prudently and efficiently managed; that it employs an adequate number of competently trained and experienced personnel to carry out its responsibilities; that it delivers or arranges to deliver a safe and reliable supply of such amounts of electricity to the Point of Delivery as are required under this ESA; that it complies with all relevant industry standards and practices for the supply of electricity to Participating Consumers; and that, at all times with respect to Participating Consumers, it exercises good practice for a Competitive Supplier and employs Commercially Reasonable skills, systems and methods available to it.

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