Common use of Process for Revising the CFR Matrix Clause in Contracts

Process for Revising the CFR Matrix. 4.3.1 Upon approval by the FERC of any new Reliability Standard(s) or change(s) to existing Reliability Standards, the Parties shall promptly confer regarding their respective compliance responsibilities for the new or revised Standard(s) and agree upon a revision to the CFR Matrix to address the new or revised Standard(s). The Parties shall complete the revision to the CFR Matrix before the effective date of the new or revised Standard(s). The revised CFR Matrix shall replace and supersede the previous version on a going-forward basis. Such revision to the CFR Matrix does not constitute an amendment to this Agreement. 4.3.2 Upon ten (10) business days’ written notice, either Party may initiate a review of the CFR Matrix for purposes of redefining the Parties’ respective responsibilities for a given Requirement or sub-Requirement. 4.3.3 The Parties shall keep a mutually agreed upon revision history document that tracks each revision to the CFR Matrix, identifying the date of each revision and the change(s) made. The Parties shall also retain copies of each of the superseded versions of the CFR Matrix for reference.

Process for Revising the CFR Matrix. 4.3.1 Upon approval by the FERC of any new Reliability Standard(s) or change(s) to existing Reliability Standards, the Parties shall promptly confer regarding their respective compliance responsibilities for the new or revised Standard(s) and agree upon a revision to the CFR Matrix to address the new or revised Standard(s). The Parties shall complete the revision to the CFR Matrix before the effective date of the new or revised Standard(s). The revised CFR Matrix shall replace and supersede the previous version on a going-forward basis. Such revision to the CFR Matrix does not constitute an amendment to this Agreement. 4.3.2 Upon ten (10) business days’ written notice, either Party may initiate a review of the CFR Matrix for purposes of redefining or changing the Parties’ respective responsibilities for a given Requirement or sub-sub- Requirement. 4.3.3 The Parties shall keep a mutually agreed upon revision history document that tracks each revision to the CFR Matrix, identifying the date of each revision and the change(s) made. The Parties shall also retain copies of each of the superseded versions of the CFR Matrix for reference.