Common use of Useful Life Clause in Contracts

Useful Life. The Maturity Date occurs prior to the end of 90% of the projected useful life of the Project’s major physical assets, as calculated in accordance with Accounting Requirements.

Appears in 2 contracts

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

Useful Life. The Maturity Date occurs prior to the end of 90% of the projected useful life of the Project’s 's major physical assets, as calculated in accordance with Accounting RequirementsGAAP.

Appears in 1 contract

Sources: Loan Guarantee Agreement (Georgia Power Co)

Useful Life. The Maturity Date occurs prior to the end of the period equal to the lesser of (i) thirty (30) years or (ii) ninety percent (90% %) of the projected useful life of the Project’s major physical assets, as calculated in accordance with Accounting Requirements.

Appears in 1 contract

Sources: Loan Guarantee Agreement (NRG Yieldco, Inc.)

Useful Life. The In accordance with Section 609.10(d)(6) of the Applicable Regulations, the Maturity Date occurs prior to the end of ninety percent (90% %) of the projected useful life of the Project’s major physical assets, as calculated in accordance with Accounting Requirements.

Appears in 1 contract

Sources: Common Agreement (First Wind Holdings Inc.)

Useful Life. The Maturity Date occurs prior to the end of 90% of the projected useful life of the Project’s major physical assets, as calculated in accordance with Accounting RequirementsGAAP.

Appears in 1 contract

Sources: Loan Guarantee Agreement (Georgia Power Co)