Common use of Operations of Nuclear Power Plants Clause in Contracts

Operations of Nuclear Power Plants. Except as set forth in the Filed Company SEC Documents or in the Company Disclosure Letter, (a) the operations of the nuclear generation stations (collectively, the "Company Nuclear Facilities") currently or formerly owned, in whole or part, by the Company or any of its affiliates are and have been conducted in compliance with all Applicable Laws and Company Permits, except for such failures to comply that, individually or in the aggregate, have not had and could not reasonably be expected to have a Company Material Adverse Effect, (b) each of the Company Nuclear Facilities maintains, and is in compliance with, (i) emergency plans designed to respond to an unplanned Release therefrom of radioactive materials, (ii) plans for the decommissioning of each of the Company Nuclear Facilities, (iii) plans for the storage and disposal of spent nuclear fuel, and each such plan enumerated in (i) through (iii) conform with the requirements of Applicable Law, and (c) the Company has funded consistent with reasonable budget projections the current or future decommissioning of each Company Nuclear Facility and the storage and disposal of spent nuclear fuel.

Appears in 2 contracts

Samples: Agreement and Plan of Exchange and Merger (Peco Energy Co), Agreement and Plan (Peco Energy Co)

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Operations of Nuclear Power Plants. (a) Except as set forth in the Filed Company Parent SEC Documents or in the Company Parent Disclosure Letter, (a) the operations of the nuclear generation stations (collectively, the "Company Parent Nuclear Facilities") currently or formerly owned, in whole or part, by the Company Parent or any of its affiliates are and have been conducted in compliance with all Applicable Laws and Company Parent Permits, except for such failures to comply that, individually or in the aggregate, have not had and could not reasonably be expected to have a Company Parent Material Adverse Effect, (b) each of the Company Parent Nuclear Facilities maintains, and is in compliance with, (i) emergency plans designed to respond to an unplanned Release therefrom of radioactive materials, (ii) plans for the decommissioning of each of the Company Parent Nuclear Facilities, (iii) plans for the storage and disposal of spent nuclear fuel, and each such plan enumerated in (i) through (iii) conform with the requirements of Applicable Law, and (c) the Company Parent has funded consistent with reasonable budget projections the current or future decommissioning of each Company Parent Nuclear Facility and the storage and disposal of spent nuclear fuel.

Appears in 1 contract

Samples: Agreement and Plan (Peco Energy Co)

Operations of Nuclear Power Plants. Except as set forth ----------------------------------- in the Filed Company SEC Documents or in the Company Disclosure Letter, (a) the operations of the nuclear generation stations (collectively, the "Company ------- Nuclear Facilities") currently or formerly owned, in whole or part, by the ------------------ Company or any of its affiliates are and have been conducted in compliance with all Applicable Laws and Company Permits, except for such failures to comply that, individually or in the aggregate, have not had and could not reasonably be expected to have a Company Material Adverse Effect, (b) each of the Company Nuclear Facilities maintains, and is in compliance with, (i) emergency plans designed to respond to an unplanned Release therefrom of radioactive materials, (ii) plans for the decommissioning of each of the Company Nuclear Facilities, (iii) plans for the storage and disposal of spent nuclear fuel, and each such plan enumerated in (i) through (iii) conform with the requirements of Applicable Law, and (c) the Company has funded consistent with reasonable budget projections the current or future decommissioning of each Company Nuclear Facility and the storage and disposal of spent nuclear fuel.

Appears in 1 contract

Samples: Agreement and Plan of Exchange and Merger (Commonwealth Edison Co)

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Operations of Nuclear Power Plants. (a) Except as set forth in the Filed Company Parent SEC Documents or in the Company Parent Disclosure Letter, (a) the operations of the nuclear generation stations (collectively, the "Company Parent Nuclear Facilities") currently or formerly owned, in whole or part, by the Company Parent or any of its affiliates are and have been conducted in compliance with all Applicable Laws and Company Parent Permits, except for such failures to comply that, individually or in the aggregate, have not had and could not reasonably be expected to have a Company Parent Material Adverse 48 Effect, (b) each of the Company Parent Nuclear Facilities maintains, and is in compliance with, (i) emergency plans designed to respond to an unplanned Release therefrom of radioactive materials, (ii) plans for the decommissioning of each of the Company Parent Nuclear Facilities, (iii) plans for the storage and disposal of spent nuclear fuel, and each such plan enumerated in (i) through (iii) conform with the requirements of Applicable Law, and (c) the Company Parent has funded consistent with reasonable budget projections the current or future decommissioning of each Company Parent Nuclear Facility and the storage and disposal of spent nuclear fuel.

Appears in 1 contract

Samples: Agreement and Plan of Exchange and Merger (Peco Energy Co)

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