Common use of Spent Fuel Clause in Contracts

Spent Fuel. Without the consent of the Lessor, the Lessee shall not permit any Nuclear Material, which shall have been removed from a Generating Facility for the purpose of "cooling-off," storage, repair or reprocessing to be removed from the site of the Generating Facility unless (i) the new site of such Nuclear Material is a facility maintaining liability insurance and indemnification fully insuring and indemnifying the Lessor, the Lessee and the Secured Parties under the Atomic Energy Act and any other applicable law, rule or regulation, and (ii) except if the lease term is extended pursuant to the second sentence of Section 8(g), the lease of such Nuclear Material shall, concurrently with its removal from the Generating Facility, be terminated by the Lessee pursuant to the provisions of Section 8 or 18 hereof, as applicable, with the Lessee acquiring the ownership thereof pursuant to Section 8(e), 8(g) or Section 18(c), as applicable.

Spent Fuel. Without the consent of the Lessor, the Lessee shall not permit any Nuclear Material, which shall have been removed from a Generating Facility for the purpose of "cooling-off," storage, repair or reprocessing to be removed from the site of the Generating Facility unless (ia) the new site of such Nuclear Material is a facility maintaining liability insurance and indemnification fully insuring and indemnifying the Lessor, the Lessee and the Secured Parties under the Atomic Energy Act and any other applicable law, rule or regulation, and (iib) except if the lease term is extended pursuant to the second sentence of Section 8(g), the lease of such Nuclear Material shall, concurrently with its removal from the Generating Facility, be terminated by the Lessee pursuant to the provisions of Section 8 or 18 hereof, as applicable, with the Lessee acquiring the ownership thereof pursuant to Section 8(e), 8(g) or Section 18(c), as applicable.