Prudency Objection definition

Prudency Objection means an objection by NorthWestern resulting from a good faith determination by an Authorized Officer of NorthWestern that the manner in which the Avista Appointee instructs the NorthWestern Appointee to vote the Shared Vote with respect to any Remediation Proposal would be inconsistent with Prudent Utility Practices (such determination to be made on the assumption that NorthWestern is a long-term owner (and not merely a lessee) of NorthWestern’s Project Share).
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Prudency Objection means an objection resulting from a good faith determination by an Authorized Officer of such Party that approval of the matter in question would be inconsistent with Prudent Generator Practice (such determination to be made on the assumption that such Party is a long-term owner (and not merely a lessee) of MPC's Colstrip 3 Project Share or MPC's Colstrip 4 Project Share, as appropriate).
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Prudency Objection means an objection by a Party resulting from a good faith determination by an Authorized Officer of such Party that the all or a portion of a Proposal would be inconsistent with Prudent Utility Practices (such determination to be made on the assumption that such Party is a long-term owner (and not merely a lessee) of Puget's Colstrip 3 Project Share or NorthWestern's Colstrip 4 Project Share, as appropriate).
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Examples of Prudency Objection in a sentence

  • If the NorthWestern Appointee raises a Prudency Objection, the NorthWestern Appointee shall cast the Shared Vote consistent with the results of a dispute resolution process conducted in accordance with Section 3.2. Such a dispute resolution process shall be the exclusive means of resolving any Prudency Objection, and the Parties shall not have recourse to the provisions of Article 4 for such purposes.

  • If the Parties are unable to agree upon a Technical Expert to hear the Classification Objection or the Prudency Objection, as applicable, the Party Appointees shall use a mutually acceptable random process to select a Technical Expert from among the three (3) proposed Technical Experts listed on Exhibit A.

  • Remediation Proposal NorthWestern Appointee casts the Shared Vote in accordance with instruction of Avista Appointee Prudency Objection: The NorthWestern Appointee shall be entitled to raise a Prudency Objection.

  • Remediation Proposal NorthWestern Appointee casts the Shared Vote in accordance with instruction of PSE Appointee Prudency Objection: The NorthWestern Appointee shall be entitled to raise a Prudency Objection.


More Definitions of Prudency Objection

Prudency Objection means an objection by a Party resulting from a good faith determination by an Authorized Officer of such Party that all or a portion of a Proposal would be inconsistent with Prudent Utility Practices (such determination to be made on the assumption that such Party is a long-term owner (and not merely a lessee) of such Party’s Project Share.
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Related to Prudency Objection

  • Notice of Objection has the meaning set forth in Section 2.4(c).

  • Objection Notice has the meaning set forth in Section 2.3(a) of this Agreement.

  • Claims Objection Bar Date means the deadline for objecting to a Claim, which shall be on the date that is the later of (a) 180 days after the Effective Date and (b) such other period of limitation as may be specifically fixed by the Debtors or the Reorganized Debtors, as applicable, or by an order of the Bankruptcy Court for objecting to Claims.

  • Objections Statement has the meaning set forth in Section 1.02(d).

  • Title Objection shall have the meaning assigned thereto in Section 8.5.

  • Objections means any objection, application, motion, complaint or any other legal proceeding seeking, in whole or in part, to disallow, determine, liquidate, classify, reclassify, or establish the priority, expunge, subordinate or estimate any Claim (including the resolution of any request for payment of any Administrative Claim).

  • Objection Period has the meaning set forth in Section 2.4(d).

  • Statement of Objections has the meaning set forth in Section 2.04(c)(ii).

  • Dispute Notice means a written notice served by one Party on the other stating that the Party serving the notice believes that there is a Dispute;

  • Title Objections has the meaning ascribed to such term in Section 6.2(a).

  • Claim Objection Deadline means the first Business Day that is 180 days after the Effective Date, as may be extended by order of the Bankruptcy Court.

  • Material Objection Notice has the meaning set forth in Section 4.2 of this Agreement.

  • Claims Objection Deadline means the deadline for objecting to a Claim against a Debtor, which shall be on the date that is the later of (a) 180 days after the Effective Date and (b) such other period of limitation as may be fixed by the Debtors or the Reorganized Debtors, as applicable, or by an order of the Court for objecting to such Claims.

  • Notice of Disagreement has the meaning set forth in Section 2.4(c).

  • Plan Objection Deadline means the date the Bankruptcy Court establishes as the deadline to File an objection to Confirmation of the Plan.

  • Objection means any objection, application, motion, complaint or any other legal proceeding seeking, in whole or in part, to Disallow, determine, liquidate, classify, reclassify or establish the priority, expunge, subordinate or estimate any Claim (including the resolution of any request for payment of any Administrative Claim) or Interest other than a Claim or an Interest that is Allowed.

  • Objection Date means the date by which Settlement Class Members must mail their objection to the settlement for that objection to be effective. The postmark date shall constitute evidence of the date of mailing for these purposes.

  • Cost objective means a function, organizational subdivision, contract, grant, or other activity for which cost data are needed and for which costs are incurred.

  • Disputed Amount means an amount which Customer disputes. A Disputed Amount may relate to the whole or part of an invoice(s).

  • Disagreement Notice has the meaning set forth in Section 2.2.3.1(b).

  • Resolve and the correlative terms, “Resolved”, “Resolving” and “Resolution” each means that the Services are restored to a point where the Customer can perform their job. In some cases, this may only be a work around solution until the root cause of the Error or Unplanned Disruption is identified and corrected (the need for restoration of normal service supersedes the need to find the root cause of the incident).

  • aircraft objects means airframes, aircraft engines and helicopters;

  • Notice of Dispute has the meaning provided in Section 2.1(f)(iii) of this Commercial Shared-Loss Agreement.

  • Title Defect Notice shall have the meaning set forth in Section 11.2(a).

  • Defect Notice shall have the meaning specified in Section 3.2 of this Agreement.

  • Expedited Appeal means if a Member appeals a decision regarding a denied request for Prior Authorization (Pre-Service Claim) for an Urgent Care Claim, the Member or Member’s Authorized Representative can request an Expedited Appeal, either orally or in writing. Decisions regarding an Expedited Appeal are generally made within seventy-two (72) hours from the Plan’s receipt of the request.