Common use of Ownership Shares of GBP and LBP Clause in Contracts

Ownership Shares of GBP and LBP. For all purposes of this Section 5.10, consistent with the Existing NDFC Order, the Ownership Share of GBP and the Ownership Share of LBP shall be deemed to be the Ownership Share of a single Seller. The transfer of the Qualified Decommissioning Fund and the Nonqualified Decommissioning Fund of each of GBP and LBP shall occur simultaneously on the same closing date.

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)

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Ownership Shares of GBP and LBP. For all purposes of this Section ------------------------------- 5.10, consistent with the Existing NDFC Order, the Ownership Share of GBP and the Ownership Share of LBP shall be deemed to be the Ownership Share of a single Seller. The transfer of the Qualified Decommissioning Fund and the Nonqualified Decommissioning Fund of each of GBP and LBP shall occur simultaneously on the same closing date.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Uil Holdings Corp)

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