Transition Service. Seller shall, or shall cause each of its Affiliates that provide an element of the transition service to Opco pursuant to the Transition Service Agreement to, use its reasonable commercial efforts to cooperate with Opco to facilitate the transfer of responsibility for such element to Opco (or its designees) and in all other matters relating to the provision of such transition service.
Transition Service. Transition Service will be available for a three year period following Competition Day (Transition Period) for those customers who have not chosen a competitive supplier. PSNH will secure Transition Service power for the entire three year period through a competitive bidding process with PUC oversight. All energy suppliers, including PSNH affiliates, will be permitted to bid to provide Transition Service. Market division is not mandatory, but will be considered after bid receipt and analysis, in which case a subsequent round of bidding may be used to assess its benefits. Transition Service shall be procured in time blocks as shall prove efficient and effective after analysis of the bids is made. PSNH will offer branding service to the successful bidder(s), including the use of name identification on bills or bill inserts. The retail price of Transition Service wixx xe 3.70 cents per kWh in the first twelve months following Competition Day (year 1), 3.80 cents per kWh in year 2 and 3.90 cents per kWh in year 3. If the weighted average price obtained through successful competitive bids in any year is lower than the Transition price, the difference will be used to defray stranded costs; conversely, if the price obtained is higher than the Transition Service price, the excess will be collected through Part 3 of the non-securitized portion of the Stranded Cost Recovery Charge. Customers will be free to terminate Transition Service at the end of any billing cycle to purchase from an alternative supplier without cost or penalty. A prominent message will appear on customers' bills informing them of this right. Customers who terminate Transition Service will be allowed to return under the following conditions: During year 1, residential and small commercial customers will be allowed to return to Transition Service. Low income customers will be allowed to return to Transition Service at any time.
Transition Service. Under the Amended Settlement Agreement the transition service would be obtained through a competitive bidding process, would last until April 30, 2002, and would have a price escalator of 2.5% per year. In response to concerns raised by the GOECS, the price escalator was moderated from a 5% rate in the original Settlement, and the period of transition service was extended four months beyond the winter holiday season. The administrative costs related to acquiring and providing the service would be recovered by the two distribution companies from all retail customers, at least for the first $50,000 for each company, through an administrative service charge. All customers, i.e. all sizes and both new and existing customers, would be eligible for transition service, all customers would be allowed to return to transition service one time prior to March 1, 2000 as long as they requested to do so within 120 days of switching to a competitive supplier, and at the end of transition service, customers remaining on the service would be randomly assigned to the transition service suppliers as long as those suppliers would have registered with the Commission. The Commission agreed that the period proposed by the parties for transition service, through April 30, 2002, was appropriate and consistent with RSA 374-F:3,V, the statutory section governing transition service, and approved it as proposed in the Amended Settlement. The Commission also approved the proposed 2.5% escalator as being consistent with the legislative directive that the “price of transition service should increase over time to encourage customers to choose a competitive electricity supplier during the transition period.” RSA 374-F:3,V(b). In addition, the Commission believed that including the escalator could make evaluation of the bids more straightforward. The Commission noted that the service contracts which the Company proposed to enter into to implement transition service, under the terms of the Agreement, would be filed with the Commission for review and acceptance, affording another opportunity for review before they went into effect. The Commission also stated that, as a matter of general principle, it would be best if there were at least 3 bidders chosen to provide transition service and would ask the companies to keep this in mind when evaluating the bids. In terms of the administrative expenses of transition service, given that the company stated that estimates of this expense did not exceed...
Transition Service. SCHEDULES This Agreement will govern individual transitional services as requested by Roxio and provided by Adaptec, the details of which are set forth in the Transition Service Schedules (each transition service schedule, a "Transition Service Schedule") attached to this Agreement. Each Service shall be covered by this Agreement upon execution of a Transition Service Schedule in the form attached hereto. For each Service, the Transition Service Schedule shall be signed by a duly authorized representative of each party and set forth, among other things, the time period during which the Service will be provided if different from the term of this Agreement determined pursuant to Article 4 hereof, a summary of the Service to be provided; a description of the Service; and the estimated charge, if any, for the Service and any other terms applicable thereto. Obligations regarding each Transition Service Schedule shall be effective upon execution of this Agreement, or, if a particular Transition Service Schedule is amended or a new Transition Service Schedule is executed after the execution of this Agreement, the obligations created by such amendment or new Transition Service Schedule shall be effective upon execution of such amendment or such new Transition Service Schedule. This Agreement and all the Transition Service Schedules shall be defined as the "Agreement" and incorporated herein wherever reference to it is made. ARTICLE 3
Transition Service. Upon any proper termination or expiration of this Operating Lease and payment of the repurchase price pursuant to Section 13.7, the Parties shall negotiate in good faith an arrangement for the Lessee or UC Health to provide the City with such transition services as are reasonably required for the City to be able to conduct the IVII{S Operations, such services to be provided to the extent reasonably feasible for Lessee or UC Health, and at rates that are commercially competitive or lower, for a period commencing on the effective date of 82 ‘DC - 038094/000083 -3386784 v12 any termination or expiration of this Operating Lease and terminating no more than twelve (12) months thereafter.
Transition Service. For two years following cessation of employment after any Change in Control, the Employee agrees to remain available to provide the Bank with transition assistance on matters with which the Employee was involved during his employment. The Employee shall render such assistance in a timely manner on reasonable notice from the Bank. The Employee shall not be entitled to any separate compensation for the services described in this paragraph (other than reimbursement for reasonable out-of-pocket expenses actually incurred). The Bank agrees to provide reasonable advance notice of the need for the Employee’s assistance and shall exercise reasonable efforts to schedule and limit such matters so as to avoid interfering with the Employee’s personal and other professional obligations.
Transition Service. (a) Upon the Closing, Sellers and Buyer will negotiate a commercially reasonable, mutually agreed form of Transition Services Agreement (the “TSA”), in substantially the form attached hereto as Exhibit F, pursuant to which Sellers agree to provide, or to cause their Affiliates to provide, materials and supplies purchasing and certain other specified services that are necessary for the operation of the Business by Buyer after the Closing and which are not able to be obtained through the use of the Purchased Assets (the “TSA Services”), at a price no greater than the actual out-of-pocket cost of such TSA Services to Sellers as necessary to allow Buyer to continuing operating the Business as it was operated immediately prior to (and during the twelve (12) month period prior to) the Closing.
Transition Service. Transition Service will be available for the time periods set forth in RSA Chapter 369-B for those customers who have not chosen a Competitive Supplier, or as otherwise provided below, thus providing stable and predictable prices during the transition to a fully competitive market. Transition Service will be secured in accordance with the requirements of RSA 369-B, with the costs of administering such acquisition to be considered an administrative cost of Transition Service. Provisions under this Agreement regarding the sale of output into the market from PSNH's generating plants, power purchase obligations and entitlements are subject to the use of such power to provide Transition and Default Service in accordance with the provisions of RSA Chapter 369-B. All authorized energy suppliers, as limited by RSA Chapter 369-B, will be permitted to bid to provide Transition Service. The possibility of dividing the Transition Service market among the energy suppliers with the lowest bids will be considered after bid receipt and analysis, in which case a subsequent round of bidding, at the discretion of the PUC, may be used to assess its benefits. Transition Service shall be procured in such time blocks as shall prove efficient and effective after analysis of the bids is made. PSNH will offer branding to the successful bidder(s), including use of name identification on bills or bill inserts. The retail price of Transition Service will be as set forth in RSA Chapter 369-B. If the price obtained through competitive bids is higher than the Transition Service price, the excess will be deferred and collected through the non-securitized portion of the SCRC, subject to the limitation on recovery of any such deferral as set forth in RSA Chapter 369-B, and the Recovery End Date shall be adjusted pursuant to Section V(C)(4). Customers will be free to terminate Transition Service as of the end of any billing cycle to purchase from a Competitive Supplier in the market, without cost or penalty. PSNH shall be notified of such change by the Competitive Supplier pursuant to the terms of PSNH's Tariff PSNH will make customers aware of their right to terminate Transition Service by prominently displaying a message to that effect on each customer's bill. An election to terminate Transition Service by customers served under Tariff rates GV, LG or B will be final. After an election to terminate, such customers will qualify for Default Service, but not Transition Service. Remaining cust...
