Sharing of Penalties, Sanctions or Fines Sample Clauses

Sharing of Penalties, Sanctions or Fines. (i) Unless overridden by unanimous vote of the Executive Committee, any penalties, sanctions, fines or costs associated therewith assessed by FERC, NERC, or FRCC upon OUC for OUC’s responsibilities as established in Appendix 1 of the Registration Agreement for actual or alleged violations of a Reliability Standard, except as caused by gross negligence, shall be allocated equally amongst the Parties. This equal allocation shall not apply to penalties, sanctions, fines or costs (“liability”) assessed against any Party for any requirement not set forth in Appendix 1 of the Registration Agreement. Such liability would remain that Party’s responsibility alone.
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Related to Sharing of Penalties, Sanctions or Fines

  • Penalties and Sanctions 7.1 The Scheduling Coordinator shall be subject to all penalties made applicable to Scheduling Coordinators set forth in the CAISO Tariff.

  • Criminal Penalties Any individual director, officer, or employee of the contractor or of its subcontractors and suppliers who are indemnified under the provisions of this clause are subject to criminal penalties, pursuant to section 223(c) of the Act, for knowing and willful violation of the Atomic Energy Act of 1954, as amended, and applicable DOE nuclear safety-related rules, regulations or orders which violation results in, or, if undetected, would have resulted in a nuclear incident.

  • Statutory Penalties The defendant understands that upon his plea of guilty to Count One of the indictment charging him with conspiracy, the maximum penalty the Court may impose is not more than five years of imprisonment, a $250,000.00 fine, three years of supervised release, an order of restitution, and a $100.00 mandatory special assessment which must be paid in full at the time of sentencing. The defendant further understands that this offense is a Class D felony.

  • Compliance with Federal Law, Regulations, and Executive Orders This is an acknowledgement that FEMA financial assistance will be used to fund the contract only. The contractor will comply will all applicable federal law, regulations, executive orders, FEMA policies, procedures, and directives.

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