Common use of Refund Obligation Clause in Contracts

Refund Obligation. Each Participating TO, whether or not it is subject to the rate jurisdiction of the FERC under Section 205 and Section 206 of the Federal Power Act, shall make all refunds, adjustments to its Transmission Revenue Requirement, and adjustments to its to tariff and do all other things required of a participating TO to implement any FERC order related to the ISO tariff, including any ferc order that requires the ISO to make payment adjustments or pay refunds to, or receive prior period overpayments from, any participating TO. All such refunds and adjustments shall be made, and all other actions taken, in accordance with the ISO Tariff, unless the applicable FERC order requires otherwise.

Refund Obligation. Each Participating TO, whether or not it is subject to the rate jurisdiction of the FERC under Section 205 and Section 206 of the Federal Power Act, shall make all refunds, adjustments to its Transmission Revenue Requirement, and adjustments to its to tariff TO Tariff and do all other things required of a participating Participating TO to implement any FERC order related to the ISO tariffTariff, including any ferc FERC order that requires the ISO to make payment adjustments or pay refunds to, or receive prior period overpayments from, any participating Participating TO. All such refunds and adjustments shall be made, and all other actions taken, in accordance with the ISO Tariff, unless the applicable FERC order requires otherwise.