Examples of Acadia Holdings in a sentence
CAH and Acadia Holdings (collectively, the "Members") entered into the Amended and Restated Limited Liability Company Agreement (the "Agreement") dated February 29, 2000.
In February 2000 Cleco and IEP transferred their respective ownership interests in the Company to Acadia Power Holdings, LLC ("Acadia Holdings"), a Louisiana limited liability company, and Calpine Acadia Holdings, LLC ("CAH"), a Delaware limited liability company and subsidiary of Calpine Corporation ("Calpine").
The Subsidiary was formed on June 26, 2000, with the Company as the sole member.In February 2000 Cleco and IEP transferred their respective ownership interests in the Company to Acadia Power Holdings, LLC ("Acadia Holdings"), a Louisiana limited liability company, and Calpine Acadia Holdings, LLC ("CAH"), a Delaware limited liability company and subsidiary of Calpine Corporation ("Calpine").
To the extent any such decision or direction involves the first twenty-four (24) hours of any outage or other event or circumstance, such decision or direction shall be given or made by the Acadia Holdings PPA Manager in his or her sole discretion on behalf of the Company.
If Acadia Holdings draws any Demand Amount (as defined in the applicable Calpine LC) under any Calpine LC, such Demand Amount shall be deemed to have been distributed by the Company to Acadia Holdings.
CAH and Acadia Holdings agreed to distribute the proceeds as follows: (i) CAH received the $105,500,000 cash distribution in 2003; (ii) Acadia Holdings is entitled to receive an annual priority cash distribution of $14,000,000 starting from July 2003 through June 30, 2022; (iii) all distributions in excess of the first $14,000,000 are allocated between members in accordance with their respective interest; (iv) the priority distributions include imputed interest based on the rate of approximately 12.1%.
In the event that Calpine is, or its Affiliate is, the then acting Power Marketer and Calpine ceases to (a) own at least a fifty percent (50%) Ownership Interest or (b) be a Controlled Affiliate of Calpine Parent, Acadia Holdings shall have the right, upon two (2) days' prior notice to Calpine, to replace the then acting Power Marketer designated by Calpine with a Person selected by Acadia Holdings, and such action shall constitute a Disqualified Matter as to Calpine for all purposes under this Agreement.
Contemporaneously with the execution and delivery of the Original Agreement, each Member made, or caused its Affiliate to make on its behalf, a Capital Contribution in cash in the following respective amounts: Calpine $1,000 Acadia Holdings $1,000 These amounts have been added to the Capital Account of each respective Member.
The Project Director shall use good faith efforts to keep Acadia Holdings informed on a regular basis with regard to all aspects of the Phase I Activities, and shall notify Acadia Holdings of meetings with any third parties relating to the Phase I Activities.
By its own terms, the PLA does not extend to claims for breach of an express warranty.