Allowances held definition
Examples of Allowances held in a sentence
Promptly after the receipt by ECC of notice of any demand or claim or the commencement of any action, suit or proceeding, which in any way, directly or indirectly, arises out of or relates to this Agreement, the services of ECC hereunder, or the Escrow Allowances held by it hereunder, ECC shall notify the Representative in writing.
All Emissions Allowances held in the name of Seven States Southaven, LLC (Facility ID 55269) as of the Closing Date.
The Custodian shall without delay notify the Representative in writing after the receipt by Custodian of notice of any demand or claim or the commencement of any action, suit or proceeding, which in any way, directly or indirectly, arises out of or relates to (i) this Agreement, (ii) the services of Custodian hereunder, or (iii) the Custodial Allowances held by it hereunder.
The Parties shall use all Commercially Reasonable Efforts to cooperate diligently to complete the transfer of any Environmental Permits and Emissions Allowances held by Seller and required to be held by Purchaser for which Purchaser’s ownership or operation of the Project or the Project Site under Environmental Laws.
Moreover, the Custodian hereby agrees not to seek recourse, reimbursement, payment or satisfaction for any claim against the Custodial Allowances held in custody on the Custody Accounts and/or in or to the Custody Accounts for any reason whatsoever other than as a beneficiary of the security interest created in accordance with Article 4.1 of the Escrow Agreement.
The Escrow Agent shall without delay notify the Representative in writing after the receipt by the Escrow Agent of notice of any demand or claim or the commencement of any action, suit or proceeding, which in any way, directly or indirectly, arises out of or relates to (i) this Agreement, (ii) the services of the Escrow Agent hereunder, or (iii) the Escrow Allowances held by it hereunder.
The Custodial Allowances held in the Auction Collateral Delivery Account shall not form part of the Custodian’s estate, and shall not be available for distribution among or realisation for the benefit of the creditors of the Custodian.
Promptly after the receipt by ECC of notice of any demand or claim or the commencement of any action, suit or proceeding, which in any way, directly or indirectly, arises out of or relates to this Agreement, the services of ECC hereunder, or the Custodial Allowances held by it hereunder, ECC shall notify the Representative in writing.
ECC shall ensure that the Custodial Allowances on each Custody Account are individually segregated at all times from any allowances that ECC holds in its own capacity and from the allowances that ECC holds for third parties and other Member States, by ensuring that at all times all the allowances held in such segregated Custody Account are exclusively Custodial Allowances held for the account of the relevant Member State as set forth in Article 4.
The Allowances as described in Schedule 2.1(g), ---------- --------------- including all Allowances held by the United States Environmental Protection Agency in its Special Allowance Reserve for the benefit of the Seller pursuant to the Clean Air Act.