Existing Services Agreement Sample Clauses

Existing Services Agreement. The Parties acknowledge that Subsidiaries of Southern are currently authorized to provide the services contracted for herein to Southern Energy and its subsidiaries and, more specifically, that Southern Company Services, Inc., a Subsidiary of Southern, is authorized to provide the services identified herein directly, and, indirectly, to Southern Energy and its Subsidiaries to Southern Energy Resources, Inc. (formerly known as Southern Electric International, Inc.) pursuant to an Agreement dated July 17, 1981 (the "Existing Service Agreement"), all subject to certain conditions established by applicable government regulations, orders, and approvals ("Existing Authority"). The Parties intend to implement this Agreement consistent with and to the extent permitted by Existing Authority and to cooperate toward obtaining and maintaining in effect such governmental agency consents, orders or approvals as may be required in order to implement this Agreement as fully as possible in accordance with its terms for the stated term. After the Effective Date and upon receipt of and applicable regulatory approvals and consents, the Existing Services Agreement shall be terminated and superseded by this Agreement to the extent permitted under the Existing Authority.