PUCO Regulations Control Clause Samples
The "PUCO Regulations Control" clause establishes that the terms of the agreement are subject to the rules and requirements set by the Public Utilities Commission of Ohio (PUCO). In practice, this means that if any part of the contract conflicts with PUCO regulations, those regulations will take precedence, and the contract must be interpreted or modified to comply with them. This clause ensures that the agreement remains legally enforceable and compliant with state utility oversight, preventing conflicts with regulatory mandates and reducing the risk of regulatory penalties.
PUCO Regulations Control. Notwithstanding anything to the contrary in this Agreement, the duties of the Servicer set forth in this Agreement shall be qualified in their entirety by any PUCO Regulations, the Financing Order and the federal securities laws and rules and regulations promulgated thereunder, including without limitation, Regulation AB, as in effect at the time such duties are to be performed.