Tax Approvals. Pension and Welfare Plan revisions are all subject to and conditioned upon receipt of satisfactory tax rulings, if such are necessary, from appropriate Federal and state agencies. If unsatisfactory rulings are received, the Parties will meet to make required changes in the Plan(s) to comply with the rulings.
Tax Approvals. If the Internal Revenue Service or any other ------------- federal or state taxing authority issues any ruling or imposes any requirement or obligation, in connection with this Agreement adverse to any Transmission Owner, in the sole judgment of such Transmission Owner, then this Agreement shall be deemed to have terminated with respect to such Transmission Owner over which such tax authority has jurisdiction. In that event, the adversely affected Transmission Owner shall promptly give notice of such termination to the other parties, and the remaining parties shall expeditiously attempt in good faith to negotiate a substitute agreement.
Tax Approvals. Pension and Welfare revisions are all subject to and condi- tional upon receipt of satisfactory tax rulings, if such is neces- sary, from appropriate Federal and state agencies. If unsatisfactory rulings are received, the parties will meet to TERM OF AGREEMENT SECTION 26 make required changes in the Plan (s) to comply with the rul- ings.
