Examples of Utility Regulator in a sentence
In the event that the Utility Regulator challenges this Agreement or any related agreement, the Parties agree to use their good faith efforts to defend it in proceedings before the Utility Regulator.
The Parties agree that in the event that the Utility Regulator takes action that results in the reallocation of any costs or any risks relating to the Facility in a manner that materially affects any of the costs or obligations under this Agreement, the costs and/or obligations shall be adjusted accordingly among the Parties to this Agreement to reflect the effect of the Utility Regulator’s action.
Owner’s responsibility for the Guaranteed Maximum Price shall be adjusted only pursuant to (a) Section 7.2 of this Agreement relating to the Guaranteed Maximum Price; (b) the right of the Utility Regulator to affect the Costs of the Work, as set forth in Article 14; and (c) the impact of Change Orders made by the Parties as set forth in Article 8, but excluding increases to the Cost of the Work resulting from Change Orders necessary to remedy errors and omissions by Contractor or its Subcontractors.
In the event that the Utility Regulator reallocates costs within the Facility between the Parties in an amount that is greater than or equal to [maximum risk amount Owner will assume] , then Owner shall thereupon have the right, exercisable upon not less than 3 Business Days advance written notice to Contractor to terminate this Agreement.
According to applicable law at the time of signing this Agreement, changes in the tariff methodology are subject to prior approval by the Danish Utility Regulator and such changes cannot be made unless such prior approval has been granted.
Notwithstanding the foregoing, in the event that Contractor agrees to assume the excess of the amount of costs reallocated by the Utility Regulator over ]maximum risk amount Owner will assume] , there shall be no right to terminate this Agreement.
If the Utility Regulator has not issued the CPCN for the Project by [Insert Date] , then Owner shall have the right to terminate this Agreement by written notice to Contractor.
To the extent that the Utility Regulator or any other Governmental Authority imposes any additional requirements or modifications that increase the overall cost of the Work, the Owner shall bear such cost increase.