Examples of SAS Agreement in a sentence
The Secretary of the Executive Committee shall maintain a current list of addresses for the giving of notices to REMVEC II and all REMVEC II Participants under the provisions of the SAS Agreement and shall provide a copy of such list to all parties to the SAS Agreement upon any party's request.
The chairperson of the Executive Committee is hereby authorized to execute the SAS Agreement on behalf of REMVEC II and such other documents as may be necessary to seek and obtain approval of the same from the Federal Energy Regulatory Commission under the Federal Power Act.
In the event that a notice of termination is received from NEP under the provisions of Article III or the SAS Agreement, the Executive Committee shall meet and explore alternative arrangements under which the objectives of REMVEC II might be met under this Agreement.
A copy of the SAS Agreement is attached to and incorporated into this Agreement as "Appendix A".
However, with the sole exception of the SAS Agreement, all contracts on account of REMVEC II shall be approved by resolution of the Executive Committee and when executed by at least three of the REMVEC II Participants who have at least two-thirds (2/3) of the aggregate Territorial KWH of all REMVEC II Participants during the preceding calendar year shall be binding on all REMVEC II Participants.
On May 7, 2018, the Company gave a termination notice to SAS regarding the SAS Agreement, effective July 31, 2018.
Subject to direction from the Executive Committee, and to the terms of this Agreement, the Operating Committee shall be responsible for the day-to- day oversight and administration of the SAS Agreement and of this Agreement in such a manner as to achieve the objectives of REMVEC II as a satellite of NEPEX.
All expenses of REMVEC II authorized under this Agreement, other than expenses incurred under the SAS Agreement, shall be paid by REMVEC II Participants monthly to New England Power Service Company as billing agent, upon receipt of bills, in proportion to their previous year's Territorial KWH as compared to the aggregate of such Territorial KWH for all Participants.
REMVEC II shall become and shall operate as a satellite of NEPEX as of the date on which NEP commences to provide "Base Services" under the provisions of the Security Analysis Services Agreement between and among NEP, REMVEC II and REMVEC II Participants (the "SAS Agreement") which is being executed concurrent with this Agreement.
Amend the Loan Parties’ employee benefits plans, SGRP’s 2017 Stock Repurchase Program, the SAS Agreement, the SBS Agreement, the Resource Acquisition Documents, in each case, in a manner that would be materially adverse to the Bank without the prior written consent of the Bank which consent shall not be unreasonably withheld, conditioned or delayed.