Common use of Regulatory Proceedings Clause in Contracts

Regulatory Proceedings. Neither the Company nor any of the Company Subsidiaries all or part of whose rates or services are regulated by a Governmental Authority (a) has rates that have been or are being collected subject to refund (other than purchase gas adjustment provisions, fuel adjustment clauses and purchase fuel adjustment provisions), pending final resolution of any rate proceeding pending before a Governmental Authority or on appeal to the courts, or (b) is a party to any rate proceeding before a Governmental Authority that in each case would result in orders having a Company Material Adverse Effect.

Appears in 2 contracts

Samples: Stock Purchase Agreement (Ameren Corp), Stock Purchase Agreement (Aes Corporation)

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Regulatory Proceedings. Neither the Company nor any Other than purchase gas adjustment provisions, none of the Company Subsidiaries or its subsidiaries all or part of whose rates or services are regulated by a Governmental Authority (a) has rates that have been or are being collected subject to refund (other than purchase gas adjustment provisions, fuel adjustment clauses and purchase fuel adjustment provisions)refund, pending final resolution of any rate proceeding pending before a Governmental Authority or on appeal to the courts, or (b) is a party to any rate proceeding before a Governmental Authority that in each case would reasonably be expected to result in orders having a Company Material Adverse Effect.

Appears in 2 contracts

Samples: Merger Agreement (Southwest Gas Corp), Merger Agreement (Oneok Inc /New/)

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Regulatory Proceedings. Neither the Company nor any of the Company Subsidiaries all or part of whose rates or services are regulated by a Governmental Authority (a) has rates that have been or are being collected subject to refund (other than purchase gas adjustment provisions, fuel adjustment clauses and purchase fuel adjustment provisions), pending a final resolution of any rate proceeding pending before a Governmental Authority or on appeal to the courts, or (b) is a party to any rate proceeding before a Governmental Authority that in each case would result in orders having a Company Material Adverse Effect.

Appears in 1 contract

Samples: Membership Interest Purchase Agreement (Aes Corporation)

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