Common use of Fuel Purchase Price Adjustments Clause in Contracts

Fuel Purchase Price Adjustments. With respect to the Buyer, at each Closing, the Relevant Fuel Purchase Price shall be (A) increased if and to the extent the book value as maintained by NAESCO of the Nuclear Fuel of such Sellers participating in such Closing on the relevant Closing Date is greater than the product of $61,900,000 multiplied by the Proportionate Ownership of such Sellers participating in such Closing, and (B) decreased if and to the extent the book value as maintained by NAESCO of the Nuclear Fuel of such Sellers participating in such Closing on the relevant Closing Date is less than the product of $61,900,000 multiplied by the Proportionate Ownership of such Sellers participating in such Closing (for purposes hereof, such adjustment shall be determined in accordance with GAAP, consistent with NAESCO's past practices).

Appears in 3 contracts

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

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Fuel Purchase Price Adjustments. With respect to the Buyer, at ------------------------------- each Closing, the Relevant Fuel Purchase Price shall be (A) increased if and to the extent the book value as maintained by NAESCO of the Nuclear Fuel of such Sellers participating in such Closing on the relevant Closing Date is greater than the product of $61,900,000 multiplied by the Proportionate Ownership of such Sellers participating in such Closing, and (B) decreased if and to the extent the book value as maintained by NAESCO of the Nuclear Fuel of such Sellers participating in such Closing on the relevant Closing Date is less than the product of $61,900,000 multiplied by the Proportionate Ownership of such Sellers participating in such Closing (for purposes hereof, such adjustment shall be determined in accordance with GAAP, consistent with NAESCO's past practices).

Appears in 1 contract

Samples: Purchase and Sale Agreement (Uil Holdings Corp)

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