Common use of Promptly Clause in Contracts

Promptly. Safety - Potential A Non-financial Default that could result in injury or loss of life if a single contingency were to occur (e.g., substandard grounding) Promptly Environment – Immediate A Non-financial Default that could result in immediate adverse effects on land, air, water, plants, or animals Promptly Asset Integrity A Non-financial Default that could adversely affect the ability of an asset to operate within prescribed ratings (voltage, thermal, short circuit) or be maintained to required standards for the purpose of prolonging the lifespan of the asset or satisfying safety or environmental requirements Promptly Environmental - Potential A Non-financial Default that could, if a single contingency were to occur, result in adverse effects on land, air, water, plants, or animals 30 days Power Quality A Non-financial Default that could result in a variation in electric power service that could cause the failure or improper or defective operation of end-use equipment, such as voltage sag, overvoltage, transients, harmonic distortion and electrical noise 30 days

Promptly. Safety - Potential A Non-financial Default that could result in injury or loss of life if a single contingency were to occur (e.g., substandard grounding) Promptly Environment – B Immediate A Non-financial Default that could result in immediate adverse effects on land, air, water, plants, or animals Promptly Asset Integrity A Non-financial Default that could adversely affect the ability of an asset to operate within prescribed ratings (voltage, thermal, short circuit) or be maintained to required standards for the purpose of prolonging the lifespan of the asset or satisfying safety or environmental requirements Promptly Environmental - Potential A Non-financial Default that could, if a single contingency were to occur, result in adverse effects on land, air, water, plants, or animals 30 days Power Quality A Non-financial Default that could result in a variation in electric power service that could cause the failure or improper or defective operation of end-use equipment, such as voltage sag, overvoltage, transients, 30 days harmonic distortion and electrical noise 30 daysnoise

Promptly. Safety - Potential A Non-financial Default that could result in injury or loss of life if a single contingency were to occur (e.g., substandard grounding) Promptly Environment – B Immediate A Non-financial Default that could result in immediate adverse effects on land, air, water, plants, or animals Promptly Asset Integrity A Non-financial Default that could adversely affect the ability of an asset to operate within prescribed ratings (voltage, thermal, short circuit) or be maintained to required standards for the purpose of prolonging the lifespan of the asset or satisfying safety or environmental requirements Promptly Environmental - Potential A Non-financial Default that could, if a single contingency were to occur, result in adverse effects on land, air, water, plants, or animals 30 days Power Quality A Non-financial Default that could result in a variation in electric power service that could cause the failure or improper or defective operation of end-use equipment, such as voltage sag, overvoltage, transients, harmonic distortion and electrical noise 30 days

Promptly. Safety - Potential A Non-financial Default that could result in injury or loss of life if a single contingency were to occur (e.g., substandard grounding) Promptly Environment – B Immediate A Non-financial Default that could result in immediate adverse effects on land, air, water, plants, or animals Promptly Asset Integrity A Non-financial Default that could adversely affect the ability of an asset to operate within prescribed ratings (voltage, thermal, short circuit) or be maintained to required standards for the purpose of prolonging the lifespan of the asset or satisfying safety or environmental requirements Promptly Environmental - Potential A Non-financial Default that could, if a single contingency were to occur, result in adverse effects on land, air, water, plants, or animals 30 days Power Quality A Non-financial Default that could result in a variation in electric power service that could cause the failure or improper or defective operation of end-use equipment, such as voltage sag, overvoltage, transients, harmonic distortion and electrical noise 30 daysdays Deleted: Proposed Revised Deleted: - Amended Proposal (June 2, 2005) Transmission System Code, Appendix 1 (version B)

Promptly. Safety - Potential A Non-financial Default that could result in injury or loss of life if a single contingency were to occur (e.g., substandard grounding) Promptly Environment – B Immediate A Non-financial Default that could result in immediate adverse effects on land, air, water, plants, or animals Promptly Asset Integrity A Non-financial Default that could adversely affect the ability of an asset to operate within prescribed ratings (voltage, thermal, short circuit) or be maintained to required standards for the purpose of prolonging the lifespan of the asset or satisfying safety or environmental requirements Promptly Environmental - Potential A Non-financial Default that could, if a single contingency were to occur, result in adverse effects on land, air, water, plants, or animals 30 days Power Quality A Non-financial Default that could result in a variation in electric power service that could cause the failure or improper or 30 days defective operation of end-use equipment, such as voltage sag, overvoltage, transients, harmonic distortion and electrical noise 30 daysnoise