Common use of State and Federal Regulation Clause in Contracts

State and Federal Regulation. (a) In order to comply with the Interstate Commerce Act, the Energy Policy Act, and regulations promulgated by the FERC to implement those statutes, Borrower or Borrower’s Affiliates, as applicable, have on file with the FERC tariffs that govern the interstate transportation of Crude Oil on the Pipeline Systems, except for any Utah FERC Jurisdictional Requirement that has been ordered or imposed but for which time period for compliance therewith has not expired. Except as set forth on Schedule 5.22(a), neither the Borrower, any of the Borrower’s Subsidiaries, nor any other Person that now owns an interest in any of the Pipeline Systems has been within the past three (3) years or is the subject of a complaint, investigation or other proceeding at the FERC regarding their respective rates or practices with respect to the Pipeline Systems. No complaint or investigation is currently pending before the FERC, nor to the knowledge of any Loan Party is any such complaint or investigation currently contemplated, that could result in, if adversely determined to the position or interest of the Borrower or its applicable Subsidiaries, or could reasonably be expected to result in, a Material Adverse Effect.