Colstrip Unit 4 definition
Examples of Colstrip Unit 4 in a sentence
Seller is the Owner with respect to a twenty-five percent (25%) undivided interest in the 740MW Colstrip Unit 4, a coal-fired, base-load electric generation facility located in Colstrip, Montana (“Colstrip Unit 4”) and in all associated real property, equipment, common real property and common equipment and facilities and all rights incidental thereto, as more specifically defined in Section 2.1 (the “Colstrip 4 Interests”).
The Parties shall be responsible for Retirement Activities Costs based on their respective Pre-Closing Date Project Shares; provided, however, that, except as otherwise provided in this Agreement, Avista shall not be responsible for Retirement Activities Costs associated with or caused by or resulting from any facilities constructed after Closing intended to predominantly benefit continued operation of Colstrip Unit 3 or Colstrip Unit 4 after the Closing.
Changes in Law shall not have any bearing on the allocation of Losses provided for in this Section; provided that if changes in Law after the Closing impact the operation of Colstrip Unit 4, Seller’s liability for Losses arising from such impacts on the operations of Colstrip Unit 4 shall be as set forth in Section 8.6.
For clarity, the continued pursuit of Avista’s existing claims challenging the legality of Senate Bill 265 and Senate Bill 266, including any appeals of decisions on such claims, and the continued pursuit of the claims raised in Avista’s response dated April 20, 2021 to NorthWestern’s arbitration demand (but not any additional claims that would directly or indirectly result in the retirement of Colstrip Unit 3 or Colstrip Unit 4) do not violate the prohibition in the preceding sentence.
Any Change in Law shall not have any bearing on the allocation of Losses provided for in this Section; provided, however, that if any Change in Law after the Closing impacts the operation of Colstrip Unit 3 or Colstrip Unit 4, Avista’s liability for Losses arising from such impacts shall be as set forth in Section 8.7.
Any Change in Law shall not have any bearing on the allocation of Losses provided for in this Section; provided, however, that if any Change in Law after the Closing impacts the operation of Colstrip Unit 3 or Colstrip Unit 4, PSE’s liability for Losses arising from such impacts shall be as set forth in Section 8.7.
Changes in Law, including changes that alter the nature, scope, or expense of obligations and Losses caused by or arising from the AOC and/or the CCR Rules shall not alter or otherwise have any bearing on the allocation of Losses provided for in this Section; provided, that if any changes in Law after the Closing impact the operation of Colstrip Unit 4, Seller’s liability for Losses arising from such impacts on the operation of Colstrip Unit 4 shall be as set forth in Section 8.6.
For the avoidance of doubt, due to the release of the Company's ownership interest in the Colstrip Unit 4 coal-fired generating plant from the Lien of the Indenture in 1985 in connection with a sale/leaseback transaction, until such time as the trust which currently holds title to such portion of the Colstrip Unit 4 coal-fired generating plant is dissolved, such interest in Colstrip Unit 4 is not subject to the Lien of the Indenture.
The Parties shall be responsible for Retirement Activities Costs based on their respective Pre-Closing Date Project Shares; provided, however, that, except as otherwise provided in this Agreement, PSE shall not be responsible for Retirement Activities Costs associated with or caused by or resulting from any facilities constructed after Closing intended to predominantly benefit continued operation of Colstrip Unit 3 or Colstrip Unit 4 after the Closing.
Seller is the Lessee of and the Owner Participant with respect to a thirty percent (30%) undivided interest in the 740MW Colstrip Unit 4, a coal-fired, base-load electric generation facility located in Colstrip, Montana (the “Facility”), and is also the fee owner of a thirty percent (30%) undivided interest in the land upon which the Facility is built and owner of certain related assets.