Transfers prior to final disposition Sample Clauses

Transfers prior to final disposition. Notwithstanding Section 4.4.1(2), nothing herein shall prohibit a sale of a Transmission Asset or portion thereof on a piecemeal basis to a Participating Public Entity or a third party provided that the sale is approved by a Super Majority Vote of the TMPA Board, the sale is not less than the net book value of the asset being sold, and the sale does not contravene any bond covenants of any outstanding Debt associated with the asset, including any Transmission Debt. Approval of each Participating Public Entity shall be required if the net book value of the asset to be sold exceeds $250,000 or in the case of multiple sales, the net book value of the assets sold in a fiscal year in the aggregate exceeds $500,000. In the event that any Transmission Asset, or portion thereof, is sold to a Participating Public Entity pursuant to this section after the Effective Date of this Agreement, but prior to the transfer of ownership of Transmission Assets described in Paragraph (3) above, the following shall occur in the process in subsection (3)(iii) above: (i) the asset sold shall be removed from Schedule C and from the Total Transmission Asset Dollar Value and (ii) the asset sold shall be removed from any geographical assignment to any Participating Public Entity. Additionally, the net funds received from any such sale shall be applied to the purposes and in the priority stated in Section 4.6. Nothing herein shall prohibit a transfer of a transmission capital project or portion thereof to a Participating Public Entity pursuant to the TMPA Transmission Asset Ownership Policy. In the event that a transmission capital project, or portion thereof, is transferred to a Participating Public Entity pursuant to such policy after the Effective Date of this Agreement, but prior to the transfer of ownership of Transmission Assets described in Paragraph (3) above, and such transmission capital project, or portion thereof, is associated with a rebuild, reconstruction, or replacement of an existing TMPA Transmission Asset the following shall occur in the process in subsection (3)(iii) above: (i) the net book value of the existing asset at the date of transfer of the capital project shall be included in the Total Transmission Asset Dollar Value and (ii) the net book value of the existing asset at the date of transfer of the capital project of that asset shall be attributed to the receiving Participating Public Entity for purposes of determining the value of the Transmission Assets ini...
Sample 1
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Transfers prior to final disposition. Nothing herein shall prohibit a transfer of a Transmission Asset or portion thereof to a Participating Public Entity pursuant to the TMPA Transmission Asset Ownership Policy. In the event that any Transmission Asset, or portion thereof, is transferred to a Participating Public Entity pursuant to such policy after the Effective Date of this Agreement, but prior to the transfer of ownership of Transmission Assets described in Paragraph (3) above, the following shall occur in the process in subsection (3)(iii) above: (i) the value of the asset at the date of transfer shall be included in the Total Transmission Asset Dollar Value and (ii) the value of the asset at the date of transfer of that asset shall be attributed to the receiving Participating Public Entity for purposes of determining the value of the Transmission Assets initial geographically-assigned to the receiving Participating Public Entity.
Sample 1

Related to Transfers prior to final disposition

  • Final Disposition Notwithstanding any other provision in this Agreement, no determination as to entitlement to indemnification under this Agreement shall be required to be made prior to the final disposition of the Proceeding.

  • Data Disposition When the contracted work has been completed or when the Data is no longer needed, except as noted above in Section 5.b, Data shall be returned to DSHS or destroyed. Media on which Data may be stored and associated acceptable methods of destruction are as follows: Data stored on: Will be destroyed by: Server or workstation hard disks, or Removable media (e.g. floppies, USB flash drives, portable hard disks) excluding optical discs Using a “wipe” utility which will overwrite the Data at least three (3) times using either random or single character data, or Degaussing sufficiently to ensure that the Data cannot be reconstructed, or Physically destroying the disk Paper documents with sensitive or Confidential Information Recycling through a contracted firm, provided the contract with the recycler assures that the confidentiality of Data will be protected. Paper documents containing Confidential Information requiring special handling (e.g. protected health information) On-site shredding, pulping, or incineration Optical discs (e.g. CDs or DVDs) Incineration, shredding, or completely defacing the readable surface with a coarse abrasive Magnetic tape Degaussing, incinerating or crosscut shredding

  • Disposition of Property Dispose of any of its property, whether now owned or hereafter acquired, or, in the case of any Subsidiary, issue or sell any shares of such Subsidiary’s Capital Stock to any Person, except:

  • Extent of Disposition Disposition is partial. The categories of data to be disposed of are set forth below or are found in an attachment to this Directive: [Insert categories of data here] Disposition is Complete. Disposition extends to all categories of data.

  • Disposition The HSP will not, without the LHIN’s prior written consent, sell, lease or otherwise dispose of any assets purchased with Funding, the cost of which exceeded $25,000 at the time of purchase.

  • Acquisition of Property The Contractor shall document that all property was acquired consistent with its engineering, production planning, and property control operations.

  • Asset Sales (a) The Company will not, and will not permit any of its Restricted Subsidiaries to, consummate an Asset Sale unless:

  • Dispositions Make any Disposition or enter into any agreement to make any Disposition, except:

  • Timing of Disposition Data shall be disposed of by the following date: As soon as commercially practicable By (Insert Date]

  • Permitted Transfers Within Escrow 5.1 Transfer to Directors and Senior Officers

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