Examples of Last Resort Supply Direction in a sentence
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JJI shall terminate the SERP, effective not later than the day immediately preceding the Closing Date, unless Parent, in its sole discretion, elects to maintain such plan in which event Parent shall provide JJI with written notice of such election at least three (3) days prior to the Closing Date (or such lesser time as may be acceptable to Parent).
If the licensee purchases electricity to comply with a Last Resort Supply Direction, it must take all reasonable steps to do so as economically as possible in all the circumstances of the case.
Any Deemed Contract under this scheme will terminate automatically in the event that a Last Resort Supply Direction is given by the Utility Regulator to another Electricity Supplier in relation to the premises supplied under the Deemed Contract.
The licensee’s Charges for the Supply of Electricity to the premises specified or described in the Last Resort Supply Direction must not exceed an amount that may be expected, in total, approximately to equal the licensee’s reasonable costs of supply (including, where appropriate, the costs of purchasing electricity at short notice) and a reasonable profit.