Common use of Regulation of Parties Clause in Contracts

Regulation of Parties. Take any action which could reasonably be expected to result in (a) the Borrower being subject to regulation by any Governmental Instrumentality of the United States as a "public utility," an "electric utility," an "electric utility holding company" or a "public utility holding company", (b) the Borrower being subject to regulation as a "subsidiary company" or an "affiliate" of a "holding company" under (and as defined in) PUHCA or (c) any Person who by reason of its or their ownership or operation of the Facility upon the exercise of remedies hereunder or under the Guarantees, being subject to regulation by any Governmental Instrumentality of the United States as a "public utility," an "electric utility," an "electric utility holding company" or a "holding company" or a subsidiary or Affiliate of any of the foregoing under any Legal Requirement of the United States (including, without limitation, PUHCA and the FPA).