Common use of Observation of Deficiencies Clause in Contracts

Observation of Deficiencies. If a Party observes any deficiencies or defects on, or becomes aware of a lack of scheduled maintenance and testing with respect to, the other Party's assets that might reasonably be expected to adversely affect the observing Party's assets, the observing Party shall either (a) provide notice to the other Party that is prompt under the circumstance or (b) deem such observation an Emergency to life or property and immediately disconnect the Unit pursuant to Subsection 5.12.4.2 of this Agreement, and the other Party shall make any corrections required in accordance with Good Utility Practice.

Appears in 3 contracts

Samples: Generator Interconnection Agreement (ITC Holdings Corp.), Generator Interconnection Agreement (ITC Holdings Corp.), Generator Interconnection Agreement (ITC Holdings Corp.)

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Observation of Deficiencies. If a Party observes any deficiencies or defects on, or becomes aware of a lack of scheduled maintenance and testing with respect to, the other Party's assets facilities and equipment that might reasonably be expected to adversely affect the observing Party's assetsfacilities and equipment, the observing Party shall either (a) provide notice to the other Party that is prompt under the circumstance or (b) deem such observation an Emergency to life or property and immediately disconnect the Unit pursuant to Subsection 5.12.4.2 of this Agreementcircumstance, and the other Party shall make any corrections required in accordance with Good Utility Practice.

Appears in 1 contract

Samples: Connection and Operating Agreement

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