Nuclear Fuel. Upon the written request of the RUS, to the extent the Borrower owns nuclear fuel located outside the State of Georgia as to which a security interest can be created under the Uniform Commercial Code and perfected solely by the filing of a financing statement under the Uniform Commercial Code, the Borrower shall cause such nuclear fuel to be subjected to the lien of the Indenture.
Nuclear Fuel. Any source, special nuclear, or byproduct material, as such terms are defined in the Atomic Energy Act of 1954, as amended from time to time, which is possessed or procured in connection with a Unit.
Nuclear Fuel. The Parties agree that the aggregate Initial Purchase Price assumes a quantity of the STP Ownership Share of Nuclear Fuel Inventory to be included in the Purchased Assets, and value thereof as of the Closing, which is represented by Thirty-One Million Nine Hundred Forty-Nine Thousand Six Hundred Seventy-Seven Dollars (U.S. $31,949,677) (the "Nuclear Fuel Inventory Threshold") of book value thereof as set forth on Schedule 3.3(d). Accordingly, the Parties agree that each Purchaser's Initial Purchase Price shall be further adjusted (in accordance with such Purchaser's Proportionate Share) by the difference between the Nuclear Fuel Inventory Threshold and the book value of the STP Ownership Share of Nuclear Fuel Inventory as of the Closing less accumulated amortization thereon (determined in the same manner as the initial valuation of the Nuclear Fuel Inventory for determining the Nuclear Fuel Inventory Threshold) (the "Nuclear Fuel Inventory Value"). Each Purchaser's Initial Purchase Price (in accordance with such Purchaser's Proportionate Share) shall be (i) increased by the amount by which the Nuclear Fuel Inventory Value exceeds the Nuclear Fuel Inventory Threshold, or (ii) decreased by the amount by which the Nuclear Fuel Inventory Value is less than the Nuclear Fuel Inventory Threshold. Notwithstanding anything to the contrary herein, for purposes of this Section 3.3(d), the Nuclear Fuel Inventory Value at Closing shall be calculated by subtracting the STP Ownership Share of any Nuclear Fuel Inventory payables incurred or accrued and unpaid as of the Closing Date.
Nuclear Fuel. For the purpose of this Agreement, Nuclear Fuel shall have the meaning as defined in the Nuclear Fuel Agreement.
Nuclear Fuel. The interest of El Paso or the Trustee in all unmined uranium ore in place, unmilled uranium ore, converted, and/or enriched uranium ore and byproducts therefrom, fabricated Nuclear Fuel, including rods, assemblies, batches, regions and cores whether or not in place in a nuclear reactor and all other uranium products (excluding Spent Fuel) and services rendered or to be rendered in connection therewith that are the subject of certain Assignment Agreements; provided, that the definition of Nuclear Fuel shall not include any Nuclear Fuel which is loaned or otherwise provided by El Paso to third parties pursuant to swap, exchange or similar agreements which are customary in the industry, but will include Nuclear Fuel which is loaned or otherwise provided by third parties to El Paso pursuant to such agreements.
Nuclear Fuel. Xxx the purpose of xxxx Agreement, Nuclear Fuel shall have the meaning as defined in the Nuclear Fuel Agreement.
Nuclear Fuel. (a) Subject to the other provisions of this Agreement, and the provisions of Sections 4.2 and 4.3 of the Amended and Restated Operating Agreement and Sections 4.2 and 4.5 of the Nuclear Managing Board Agreement, the Agent shall have sole authority to and shall arrange for and acquire all nuclear fuel for the Additional Units.
(b) As to the acquisition of nuclear fuel for the Additional Units after the date of this Agreement, each Participating Party shall have the right to make whatever financial arrangements it may desire, whether by lease, security transaction or otherwise, for the discharge of its nuclear fuel payment obligations so long as such arrangements do not adversely affect the rights of any other Participating Party. In respect thereof:
(i) The Agent shall give reasonable notice to the other Participating Parties of its intent in the purchasing, financing or leasing of nuclear fuel, following which each of the other Participating Parties shall give reasonable notice to the Agent of its intended financial arrangement for discharging its obligation for its undivided ownership interest in nuclear fuel.
(ii) If such financial arrangement by a Participating Party does not adversely affect the rights of any other Participating Party, then such other Participating Party may discharge its obligation for its undivided ownership interest in nuclear fuel by such financial arrangement.
(iii) If such financial arrangement by a Participating Party does adversely affect the rights of any other Participating Party, then the Agent shall arrange for the purchasing, financing or leasing of such other Participating Party’s undivided ownership interest in nuclear fuel and such other Participating Party shall pay its proportionate share of the costs incurred in such purchasing, financing or leasing by the Agent.
(iv) Unless otherwise agreed by the Participating Parties, or as otherwise provided in Sections 4.2 and 4.3 of the Amended and Restated Operating Agreement and Sections 4.2 and 4.5 of the Nuclear Managing Board Agreement, the Participating Parties shall pay Fuel Costs and shall own nuclear fuel with respect to each Additional Unit in proportion to their respective Ownership Interests in such Additional Unit.
Nuclear Fuel. The System will submit an itemized breakdewn for each . Net Billed Project which represents costs in an account described as " Nuclear Fuel" and defined in the Appendix. The breakdewn is as follows: D Initial Core Uranium Conversion . -Enrichment Fabrication Other Contingency Sales Tax . Reload Uranium - Conversion, Storage and Insurance Enrichment . . Contingency Cther . .
(d) Interest, Financing and Reserves':- ',
(1) Reserves and *4orking Capital: The System . s will suh=it an itemi:ed breakdown for each Ne Billed Project which reflects costs in an acccunt described as v -14- , _. - -- .. . _ _ _ , _ . , . _ _ _ _ - , . _ . - ,_...- ,-..,-..v ., . _ , , . , , . ~ . _ . . , . . . - _ -. _,-_ ,- f. * . . . * \" " Reserves and Working Capital" and defined in the .' Appendix. The breakdown will state the a= cunt funded ~ by BPA and the amount funded by the. System.
Nuclear Fuel. 72 6. Conditions Precedent to Obligation to Close.......................................................... 73 6.1. Conditions Precedent to Obligation of the Buyer to Close.................................... 73 6.2. Conditions Precedent to Obligation of the Sellers to Close.................................. 76 6.3. Initial and Subsequent Closings......................................................... .... 78 7. Confidentiality.................................................. .................................... 79 8. Taxes............................................................ .................................... 80 9. Non-Survival; Effect of Closing and Indemnification.................................................. 82 9.1. Survival of Representation and Warranties; Survival Covenants and Agreements................ 82 9.2.
Nuclear Fuel. On the Initial Closing Date and the Subsequent Closing Date, if any, on which WMECO's Ownership Share in the Facilities is conveyed, the Lead Participants shall cause the Total Relevant Percentage of the Nuclear Fuel to be transferred from the Fuel Trust to the Buyer, free and clear of any Lien or encumbrances. 6.
