Agreement for Lease of Nuclear Material. From and after the Closing, the Lessor shall lease to the Lessee and the Lessee shall lease from the Lessor such Nuclear Material as may be from time to time mutually agreed upon, provided that the total Stipulated Casualty Value of all Nuclear Material leased under this Lease Agreement shall not exceed at any one time $25,000,000 in the aggregate or such other amount as the Lessor and the Lessee may agree to in writing (the "Maximum Stipulated Casualty Value"). The Lessor and the Lessee shall evidence their agreement to lease particular Nuclear Material in accordance with the terms and provisions of this Lease Agreement by signing and delivering to each other, from time to time, Leasing Records, substantially in the forms of Exhibit A or Exhibit B, as applicable, prepared by the Lessee, covering such Nuclear Material. Nothing contained herein shall be deemed to prohibit the Lessee from leasing from other lessors or otherwise obtaining other nuclear material for use in the Generating Facility, subject to the provisions with respect to intermingling of fuel assemblies or sub-assemblies with other fuel assemblies or sub-assemblies contained in Section 6 hereof.
Appears in 4 contracts
Samples: Lease Agreement (Pennsylvania Electric Co), Lease Agreement (Gpu Inc /Pa/), Lease Agreement (Gpu Inc /Pa/)
Agreement for Lease of Nuclear Material. From and after the Closing, the Lessor shall lease to the Lessee and the Lessee shall lease from the Lessor such Nuclear Material as may be from time to time mutually agreed upon, provided that the total Stipulated Casualty Value of all Nuclear Material leased under this Lease Agreement shall not exceed at any one time $25,000,000 27,500,000 in the aggregate or such other amount as the Lessor and the Lessee may agree to in writing (the "Maximum Stipulated Casualty Value"). The Lessor and the Lessee shall evidence their agreement to lease particular Nuclear Material in accordance with the terms and provisions of this Lease Agreement by signing and delivering to each other, from time to time, Leasing Records, substantially in the forms of Exhibit A or Exhibit B, as applicable, prepared by the Lessee, covering such Nuclear Material. Nothing contained herein shall be deemed to prohibit the Lessee from leasing from other lessors or otherwise obtaining other nuclear material for use in the Generating Facility, subject to the provisions with respect to intermingling of fuel assemblies or sub-assemblies with other fuel assemblies or sub-assemblies contained in Section 6 hereof.
Appears in 3 contracts
Samples: Lease Agreement (General Public Utilities Corp /Pa/), Lease Agreement (General Public Utilities Corp /Pa/), Lease Agreement (General Public Utilities Corp /Pa/)
Agreement for Lease of Nuclear Material. From and after the Closing, the Lessor shall lease to the Lessee and the Lessee shall lease from the Lessor such Nuclear Material as may be from time to time mutually agreed upon, provided that the total Stipulated Casualty Value of all Nuclear Material leased under this Lease Agreement shall not exceed at any one time $25,000,000 55,000,000 in the aggregate or such other amount as the Lessor and the Lessee may agree to in writing (the "Maximum Stipulated Casualty Value"). The Lessor and the Lessee shall evidence their agreement to lease particular Nuclear Material in accordance with the terms and provisions of this Lease Agreement by signing and delivering to each other, from time to time, Leasing Records, substantially in the forms of Exhibit A or Exhibit B, as applicable, prepared by the Lessee, covering such Nuclear Material. Nothing contained herein shall be deemed to prohibit the Lessee from leasing from other lessors or otherwise obtaining other nuclear material for use in the Generating Facility, subject to the provisions with respect to intermingling of fuel assemblies or sub-assemblies with other fuel assemblies or sub-assemblies contained in Section 6 hereof.
Appears in 2 contracts
Samples: Lease Agreement (General Public Utilities Corp /Pa/), Lease Agreement (General Public Utilities Corp /Pa/)
Agreement for Lease of Nuclear Material. From and after the Closing, the Lessor shall lease to the Lessee and the Lessee shall lease from the Lessor such Nuclear Material as may be from time to time mutually agreed upon, provided that the total Stipulated Casualty Value of all Nuclear Material leased under this Lease Agreement shall not exceed at any one time $25,000,000 100,000,000 in the aggregate or such other amount as the Lessor and the Lessee may agree to in writing (the "Maximum Stipulated Casualty Value"). The Lessor and the Lessee shall evidence their agreement to lease particular Nuclear Material in accordance with the terms and provisions of this Lease Agreement by signing and delivering to each other, from time to time, Leasing Records, substantially in the forms of Exhibit A or Exhibit B, as applicable, prepared by the Lessee, covering such Nuclear Material. Nothing contained herein shall be deemed to prohibit the Lessee from leasing from other lessors or otherwise obtaining other nuclear material for use in the Generating Facility, subject to the provisions with respect to intermingling of fuel assemblies or sub-assemblies with other fuel assemblies or sub-assemblies contained in Section 6 hereof.
Appears in 2 contracts
Samples: Lease Agreement (General Public Utilities Corp /Pa/), Lease Agreement (General Public Utilities Corp /Pa/)
Agreement for Lease of Nuclear Material. From and after the Closing, the Lessor shall lease to the Lessee and the Lessee shall lease from the Lessor such Nuclear Material as may be from time to time mutually agreed upon, provided that the total Stipulated Casualty Value of all Nuclear Material leased under this Lease Agreement shall not exceed at any one time $25,000,000 50,000,000 in the aggregate or such other amount as the Lessor and the Lessee may agree to in writing (the "Maximum Stipulated Casualty Value"). The Lessor and the Lessee shall evidence their agreement to lease particular Nuclear Material in accordance with the terms and provisions of this Lease Agreement by signing and delivering to each other, from time to time, Leasing Records, substantially in the forms of Exhibit A or Exhibit B, as applicable, prepared by the Lessee, covering such Nuclear Material. Nothing contained herein shall be deemed to prohibit the Lessee from leasing from other lessors or otherwise obtaining other nuclear material for use in the Generating Facility, subject to the provisions with respect to intermingling of fuel assemblies or sub-assemblies with other fuel assemblies or sub-assemblies contained in Section 6 hereof.
Appears in 2 contracts
Samples: Lease Agreement (Pennsylvania Electric Co), Lease Agreement (Gpu Inc /Pa/)
Agreement for Lease of Nuclear Material. From and after the Closing, the Lessor shall lease to the Lessee and the Lessee shall lease from the Lessor such Nuclear Material as may be from time to time mutually agreed upon, provided that the total Stipulated Casualty Value of all Nuclear Material leased under this Lease Agreement shall not exceed at any one time $25,000,000 in the aggregate or such other amount as the Lessor and the Lessee may agree to in writing (the "Maximum Stipulated Casualty Value"). The Lessor and the Lessee shall evidence their agreement to lease particular Nuclear Material in accordance with the terms and provisions of this Lease Agreement by signing and delivering to each other, from time to time, Leasing Records, substantially in the forms of Exhibit A or Exhibit B, as applicable, prepared by the Lessee, covering such Nuclear Material. Nothing contained herein shall be deemed to prohibit the Lessee from leasing from other lessors or otherwise obtaining other nuclear material for use in the Generating Facility, subject to the provisions with respect to intermingling of fuel assemblies or sub-assemblies with other fuel assemblies or sub-assemblies contained in Section 6 hereof.
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