Common use of Buyer's Decommissioning Fund Clause in Contracts

Buyer's Decommissioning Fund. The Buyer shall have established as of the Initial Closing Date a qualified decommissioning fund (the "Buyer's Qualified Decommissioning Fund") and a nonqualified decommissioning fund (the "Buyer's Nonqualified Decommissioning Fund," Buyer's Nonqualified Decommissioning Fund, together with Buyer's Qualified Decommissioning Fund, are collectively referred to as the "Buyer's Decommissioning Fund") for the Facility into which, as set forth below, the assets of each Seller's Qualified Decommissioning Fund and Nonqualified Decommissioning Fund, as applicable, shall be transferred.

Appears in 3 contracts

Samples: Purchase and Sale Agreement (Baycorp Holdings LTD), Purchase and Sale Agreement (Connecticut Light & Power Co), Purchase and Sale Agreement (New England Power Co)

AutoNDA by SimpleDocs

Buyer's Decommissioning Fund. The To the extent permitted by Law, the Buyer shall have established as of the Initial Closing Date a qualified decommissioning fund (the "Buyer's Qualified Decommissioning Fund") and a nonqualified decommissioning fund (the "Buyer's Nonqualified Decommissioning Fund," ", Buyer's Nonqualified Decommissioning Fund, together with Buyer's Qualified Decommissioning Fund, are being collectively referred to as the "Buyer's Decommissioning Fund") for each of the Facility Facilities into which, as set forth below, the assets of each Seller's the Sellers' Qualified Decommissioning Fund and Nonqualified Decommissioning Fund, as applicable, shall be transferred.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Dominion Resources Inc /Va/)

AutoNDA by SimpleDocs

Buyer's Decommissioning Fund. The Buyer shall have established as ---------------------------- of the Initial Closing Date a qualified decommissioning fund (the "Buyer's Qualified Decommissioning Fund") and a nonqualified decommissioning fund (the "Buyer's Nonqualified Decommissioning Fund," Buyer's Nonqualified Decommissioning Fund, together with Buyer's Qualified Decommissioning Fund, are collectively referred to as the "Buyer's Decommissioning Fund") for the Facility into which, as set forth below, the assets of each Seller's Qualified Decommissioning Fund and Nonqualified Decommissioning Fund, as applicable, shall be transferred.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Uil Holdings Corp)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!