Common use of NEPOOL Requirements Clause in Contracts

NEPOOL Requirements. This Agreement must comply with all NEPOOL Criteria, Rules, and Standard Operating Procedures ("Rules"). If, during the term of this Agreement, the NEPOOL Agreement is terminated or amended in a manner that would eliminate or materially alter a Rule affecting a right or obligation of a party hereunder, or if such a Rule is eliminated or materially altered by NEPOOL, the parties agree to negotiate in good faith in an attempt to amend this Agreement to incorporate a replacement Rule ("Replacement Rule"). The intent of the parties is that any such Replacement Rule reflect, as closely as possible, the intent and substance of the Rule being replaced as such Rule was in effect prior to such termination or amendment of the NEPOOL Agreement or elimination or alteration of the Rule. If the parties are unable to reach agreement on such an amendment, the parties agree to submit the matter to arbitration under the terms of Appendix C, attached and incorporated herein by reference, and to seek a resolution of the matter consistent with the above stated intent.

NEPOOL Requirements. This Agreement must comply with all NEPOOL Criteria, Rules, and Standard Operating Procedures (“Rule" or "Rules"”). If, during the term of this Agreement, the NEPOOL Agreement is terminated or amended in a manner that would eliminate or materially alter a Rule affecting a right or obligation of a party Party hereunder, or if such a Rule is eliminated or materially altered by NEPOOL, the parties Parties agree to negotiate in good faith in an attempt to amend this Agreement to incorporate a replacement Rule provision ("“Replacement Rule"Provision”). The intent of the parties Parties is that any such Replacement Rule Provision reflect, as closely as possible, the intent and substance of the Rule provision being replaced as such Rule provision was in effect prior to such the termination or amendment of the NEPOOL Agreement or elimination or alteration of the Rule. If the parties Parties are unable to reach agreement on such an amendment, the parties Parties agree to submit the matter to arbitration under the terms of Appendix C, attached and incorporated herein by reference, Section 15.2 and to seek a resolution of the matter consistent with the above stated intentthis paragraph.