Maintenance and Operation of Properties. The Company shall maintain and preserve, develop, and operate in substantial conformity with all Transmission Documents, applicable Law, Good Utility Practices, and all material Governmental Approvals, all elements of the Transmission System which are used or necessary in the conduct of its businesses in good working order and condition, ordinary wear and tear excepted, except where the failure to so maintain and preserve, develop and operate the Transmission System would not reasonably be expected to have a Material Adverse Effect.
Appears in 2 contracts
Samples: Eighth Supplemental Indenture (ITC Holdings Corp.), Supplemental Indenture (ITC Holdings Corp.)
Maintenance and Operation of Properties. The Company shall maintain and preserve, develop, and operate in substantial conformity with all Transmission Documents, applicable Law, Good Utility Practices, and all material Governmental Approvals, all elements of the Transmission System which are used or necessary in the conduct of its businesses in good working order and condition, ordinary wear and tear excepted, except where the failure to so maintain and preserve, develop and operate the Transmission System would could not reasonably be expected to have a Material Adverse Effect.
Appears in 1 contract
Maintenance and Operation of Properties. The Company shall maintain Maintain and preserve, develop, and operate in substantial conformity with all Transmission Documents, applicable Requirements of Law, Good Utility Practices, and all material Governmental Approvals, all elements of the Transmission System which are used or necessary in the conduct of its businesses in good working order and condition, ordinary wear and tear excepted, except where the failure to so maintain and preserve, develop and operate the Transmission System would could not reasonably be expected to have a Material Adverse Effect.
Appears in 1 contract
