Common use of Department of Energy Decontamination and Decommissioning Fees Clause in Contracts

Department of Energy Decontamination and Decommissioning Fees. Each Seller shall continue to pay its Ownership Share of all uranium-enrichment decontamination and decommissioning fund fees levied by the DOE pursuant to 42 U.S.C. Section 2297g-1 that are payable prior to the Initial Closing Date or any Subsequent Closing Date, as the case may be. On and after the Initial Closing and each Subsequent Closing Date, the Buyer shall pay such decontamination and decommissioning fund fees for the appropriate Ownership Shares acquired by the Buyer at each Closing, including but not limited to all annual special assessment invoices issued on and after the Initial Closing Date by the DOE, as contemplated by its regulations at 10 C.F.R. Part 766 implementing Sections 1801, 1802, and 1803 of the Atomic Energy Act.

Appears in 3 contracts

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

AutoNDA by SimpleDocs

Department of Energy Decontamination and Decommissioning Fees. Each Seller shall will continue to pay its Ownership Share of all uranium-enrichment DOE decontamination and decommissioning fund fees levied by relating to Nuclear Fuel purchased and consumed at the DOE pursuant to 42 U.S.C. Section 2297g-1 that are payable Facilities on or prior to the Initial Closing Date or any Subsequent Closing Date, as the case may be. On and after the Initial Closing and each Subsequent Closing Date, the Buyer shall pay such decontamination and decommissioning fund fees for the appropriate Ownership Shares acquired by the Buyer at each Closing, including but not limited to all annual special assessment invoices to be issued on and after the Initial Closing Date Date, by the DOE, as contemplated by its regulations at 10 C.F.R. Part 766 implementing Sections 1801, 1802, and 1803 of the Atomic Energy Act. After the Initial Closing and each Subsequent Closing, the Buyer will pay such DOE decontamination and decommissioning fund fees relating to Nuclear Fuel purchased or consumed at each Unit after the relevant Closing for the appropriate Relevant Percentage acquired by the Buyer.

Appears in 1 contract

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

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