Common use of Replacement or Removal of the Operator or Owners’ Agent Clause in Contracts

Replacement or Removal of the Operator or Owners’ Agent. The Borrower shall not agree to replace or remove the Operator or the Owners’ Agent under the Owner Documents, other than with the prior written consent of DOE and upon receipt of any necessary approvals from the NRC.

Appears in 2 contracts

Samples: Loan Guarantee Agreement (Oglethorpe Power Corp), Loan Guarantee Agreement (Oglethorpe Power Corp)

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Replacement or Removal of the Operator or Owners’ Agent. The Borrower shall not vote or agree to replace or remove the Operator or the Owners' Agent under the Owner Documents, other than with the prior written consent of DOE and upon receipt of any necessary approvals from the NRC; provided that the foregoing shall not impair or restrict the Borrower's ability to resign as Owners' Agent in accordance with the Owner Documents.

Appears in 1 contract

Samples: Loan Guarantee Agreement (Georgia Power Co)

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Replacement or Removal of the Operator or Owners’ Agent. The Borrower shall not vote or agree to replace or remove the Operator or the Owners’ Agent under the Owner Documents, other than with the prior written consent of DOE and upon receipt of any necessary approvals from the NRC; provided that the foregoing shall not impair or restrict the Borrower’s ability to resign as Owners’ Agent in accordance with the Owner Documents.

Appears in 1 contract

Samples: Nondisclosure Agreement (Georgia Power Co)

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