No Detrimental Effect Sample Clauses

No Detrimental Effect. In determining whether the public utility and the users of the service of the public utility will be detrimentally affected by an acquisition of a reviewable interest, the Commission has articulated the following criteria: (i) the utility’s current and future ability to raise equity and debt financing will not be reduced or impaired; (ii) there is no violation of existing covenants, the effect being detrimental to the customers; (iii) the conduct of the utility’s business, including the level of service, either now or in the future, will be maintained or enhanced; (iv) the application is in compliance with appropriate enactments and/or regulations; (v) the structural integrity of the assets will be maintained in such a manner as to not impair utility service; and (vi) the public interest is being preserved. Based on the criteria applied by the Commission in its earlier decisions under section 54 of the Act, Fortis Pacific submits that its acquisition of a reviewable interest in ANCBC will not detrimentally affect ANCBC or any of its customers3. There is no evidence on the record of this proceeding to indicate that the Transaction will detrimentally affect ANCBC or its customers. Indeed, although the Act does not require a positive finding by the Commission that the Transaction is in the public interest, Fortis Pacific submits that the record shows that the public interest will be well served by approval of the Application. Specifically, Fortis Pacific submits that the Transaction will benefit ANCBC and its customers and is in the public interest in that: (i) it will resolve the material concerns expressed by ANCBC’s customers as reflected in the Stakeholder Consultations;
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Related to No Detrimental Effect

  • No Detrimental Agreement The Adviser represents and warrants that it has no arrangement or understanding with any party, other than the Trust, that would influence the decision of the Adviser with respect to its selection of securities for a Fund, and that all selections shall be done in accordance with what is in the best interest of the Fund.

  • Legal Effect This Agreement constitutes, and any instrument or agreement Borrower is required to give under this Agreement when delivered will constitute legal, valid, and binding obligations of Borrower enforceable against Borrower in accordance with their respective terms.

  • Tax Effect The federal tax consequences of stock options are complex and subject to change. Each person should consult with his or her tax advisor before exercising any Option or disposing of any Shares acquired upon the exercise of an Option.

  • FINANCIAL EFFECTS This Agreement will not have any material impact on the issued share capital of the Group and the earnings and net assets of the Group for financial year ending 31 July 2020 but is expected to contribute positively to the earnings of the Nexgram Group during the tenure of the appointment.

  • No Effect Failure by the Company to comply with any of the obligations set forth above shall not affect the status of the Company as a separate legal entity, with its separate assets and separate liabilities.

  • No Effect on Service Nothing in this Agreement or in the Plan shall be construed as giving the Participant the right to be retained in the employ or service of the Company or any Affiliate thereof. Furthermore, the Company and its Affiliates may at any time dismiss the Participant from employment or consulting free from any liability or any claim under the Plan or this Agreement, unless otherwise expressly provided in the Plan, this Agreement or any other written agreement between the Participant and the Company or an Affiliate thereof.

  • Mitigation of Harmful Effects To mitigate, to the extent practicable, any harmful effect 8 that is known to CONTRACTOR of a use or disclosure of DHCS PI or PII by CONTRACTOR or its 9 subcontractors in violation of this Personal Information Privacy and Security Contract.

  • No Effect on Employment Subject to any employment contract with the Employee, the terms of such employment will be determined from time to time by the Company, or the Subsidiary employing the Employee, as the case may be, and the Company, or the Subsidiary employing the Employee, as the case may be, will have the right, which is hereby expressly reserved, to terminate or change the terms of the employment of the Employee at any time for any reason whatsoever, with or without good cause. The transactions contemplated hereunder and the vesting schedule set forth on the first page of this Agreement do not constitute an express or implied promise of continued employment for any period of time. A leave of absence or an interruption in service (including an interruption during military service) authorized or acknowledged by the Company or the Subsidiary employing the Employee, as the case may be, shall not be deemed a Termination of Service for the purposes of this Agreement.

  • No Disadvantage No employee shall suffer a reduction in pay as a result of the making of this Agreement. The components used to determine if any financial disadvantage has occurred are wage rates, productivity allowance and excess fares and travel time only. Site allowance, superannuation, redundancy and top-up/24 hour employee insurance contributions will not form part of an employee’s income. Further, this assessment will be based on an ordinary 36-hour working week and no overtime shall be taken into account.

  • Effect on Stock At the Effective Time, by virtue of the Merger and without any action on the part of the Company, Merger Sub or the holders of any securities of the Company or Merger Sub:

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