Cure Option definition

Cure Option shall have the meaning set forth in Section 16(e) of the Facility Lease. Debt shall mean (A) indebtedness for borrowed money, (B) obligations as lessee under leases and (C) obligations under direct or indirect guarantees in respect of, and obligations (contingent or otherwise) to purchase or otherwise acquire or otherwise to assure a creditor against loss in respect of, indebtedness or obligations of others of the kinds referred to in clause (A) or (B) above, if the principal amount (or equivalent) thereof is greater than $20,000,000 for any one item of Debt or $30,000,000 in the aggregate for all items of Debt of the Lessee); Decommissioning shall mean the decommissioning and retirement from service of Xxxx 0, and the related possession, maintenance and disposal of radioactive material used in or produced incident to the possession and operation of Unit 2, including, without limitation, (i) placement and maintenance of Unit 2 in a state of protective storage, (ii) in-place entombment and maintenance of Xxxx 0, (xxx) xxxxxxxxxxxxx xx Xxxx 0, (xx) any other form of decommissioning and retirement from service required by or acceptable to the NRC and (v) all activities undertaken incident to the implementation thereof and to the obtaining of NRC authority therefor, including, without limitation, maintenance, storage, custody, removal, decontamination, and disposition of materials, equipment and fixtures, razing of Unit 2, removal and disposition of debris from the PVNGS Site, and restoration of the PVNGS Site related to Xxxx 0 for unrestricted use. Decommissioning Costs shall mean all costs, liabilities and expenses relating or allocable to, or incurred in connection with, the Decommissioning of Unit 2, including, without limitation, (i) any and all costs of activities undertaken to terminate NRC licensing authority and requirements to own, operate and possess Xxxx 0 and to possess radioactive material used in or produced incident to the possession and operation of Unit 2; and (ii) any and all costs of activities undertaken, prior to termination of all NRC licensing 6091.BURNMAM.1106.55:1 authority and requirements with respect to Unit 2 and the radioactive material used in or produced incident to the possession and operation of Unit 2, to possess, maintain, and dispose of radioactive material used in or produced incident to the possession and operation of Unit 2. Deed shall mean the Deed, dated as of August 12, 1986, from PNM to the Owner Trustee.
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Cure Option has the meaning given to it in Clause 22.5 (Debt Service Coverage Ratio).
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Cure Option shall have the meaning set forth in Section 16(e) of the Facility Lease Decommissioning Fund shall mean, with respect to Unit 1 Decommissioning Costs, an external reserve fund which fund shall be segregated from the Lessee's assets, but may be within the Lessee's administrative control, into which deposits are made at least annually in an amount equal to the quotient of (i) Unit 1 Decommissioning Costs (less the balance of the Decommissioning Fund and reasonably projected earnings thereon through the date of expiry of the License) divided by (ii) the number of years remaining until date of expiry of the License, provided that the amount in the Decommissioning Fund, on the date of expiry of the License, shall be at least equal to Unit 1 Decommissioning Costs. 6091.100.2898.55:1 Deed shall mean the Deed, dated as of December 15, 1986, from PNN to the Owner Trustee.
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Examples of Cure Option in a sentence

  • Purchaser may exercise the Second Cure Option by delivering a Purchase Election Notice to the Sellers’ Representative at any time during the Second Cure Option Period.

  • Purchaser may exercise the Cure Option by delivering a Purchase Election Notice to the Sellers’ Representative at any time during the Cure Option Period.

  • The Purchase Election Notice shall set forth the Initial Purchase Price (as set forth in the Milestone Completion Notice) and the proposed closing date of the Acquisition (which shall be the Business Day immediately following the expiration of the Cure Option Period), in each case, subject to the dispute resolution procedures set forth in Section 1.11.

  • Upon delivery by the Sellers’ Representative of the Second Cure Notice and the Updated Seller Parties Disclosure Schedule to Purchaser, Purchaser shall have an exclusive option (the “Second Cure Option”) to acquire, at its sole election and on the terms set forth in the Milestone Completion Notice, all, but not less than all, of the Seller Shares within thirty (30) days of receiving the Second Cure Notice and the Updated Seller Parties Disclosure Schedule (the “Second Cure Option Period”).

  • In the event a "Notice of Default" is given under Section 15(iii), the Lessee may, on or prior to the occurrence of an Event of Default resulting therefrom, give written notice to the Lessor stating that the Lessee has elected to exercise the option (the Cure Option) provided in this Section 16(e), which election shall be irrevocable as to the Lessee.

  • Right to Cure; Option to Purchase; Etc......................................

  • Output 3.2: Rural women have greater organisational capacities to form, sustain and participate into POs, cooperatives and unions.

  • Show respect for the subject regardless of the circumstances or situation.

  • Right to Cure; Option to Purchase; Etc................22 Section 4.05.

  • In the event that Junior Participant has delivered a Cure Election Notice, the default must be cured by Junior Participant within, in the case of a monetary default, five (5) Business Days of receipt of such Cure Option Notice and, in the case of a non-monetary default, thirty (30) days of receipt of such Cure Option Notice (such period, the "Cure Period").


More Definitions of Cure Option

Cure Option has the meaning set forth in Section 7.3(g).
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Cure Option shall have the meaning set forth in Section 16(e) of the Facility Lease.
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Related to Cure Option

  • Shoe Option means the Initial Purchasers’ option to purchase up to seventy five million dollars ($75,000,000) aggregate principal amount of additional Notes as provided for in the Purchase Agreement.

  • 3(i) Option means an Option granted pursuant to Section 3(i) of the Ordinance to any person who is Non- Employee.

  • Option Right means the right to purchase Common Shares upon exercise of an option granted pursuant to Section 4 of this Plan.

  • Incentive Option means an option which satisfies the requirements of Code Section 422.

  • Cure Right shall have the meaning assigned to such term in Section 7.03.

  • Stock Option means a contractual right granted to an Eligible Person under Section 6 hereof to purchase shares of Common Stock at such time and price, and subject to such conditions, as are set forth in the Plan and the applicable Award Agreement.

  • Incentive Share Option means an Option that is intended to meet the requirements of Section 422 of the Code or any successor provision thereto.

  • Call Option means an exchange traded option with respect to Securities other than Stock Index Options, Futures Contracts, and Futures Contract Options entitling the holder, upon timely exercise and payment of the exercise price, as specified therein, to purchase from the writer thereof the specified underlying Securities.

  • Put Right has the meaning set forth in Section 8.05(a).

  • Share Option means a Nonqualified Share Option or an Incentive Share Option.

  • Repurchase Right means the right granted to the Corporation in accordance with Article D.

  • Option means a stock option granted pursuant to the Plan.

  • Substitute Option means an Option granted in substitution for, or upon the conversion of, an option granted by another entity to purchase equity securities in the granting entity.

  • Purchase Right means an option to purchase shares of Common Stock granted pursuant to the Plan.

  • Put Option means an exchange traded option with respect to Securities other than Stock Index Options, Futures Contracts, and Futures Contract Options entitling the holder, upon timely exercise and tender of the specified underlying Securities, to sell such Securities to the writer thereof for the exercise price.

  • Employee Option means an Option granted pursuant to Section 5.

  • Repurchase Option has the meaning set forth in Section 1.3(a) hereto.

  • Vested Option means any Option, which has already been vested according to the Vesting Dates.

  • Nonqualified Option means any Option that is not an Incentive Stock Option.

  • Tandem Appreciation Right means an Appreciation Right granted pursuant to Section 5 of this Plan that is granted in tandem with an Option Right.

  • Option Notice has the meaning set forth in Section 5.2(a).

  • Reload Option means any Option granted under Section 6(a)(iv) of the Plan.

  • Call Option Notice means a written notice from the holder of the Call Option or the Administrator, as applicable, stating its desire to exercise the Call Option on the related Reset Date, delivered to each Clearing Agency, the Indenture Trustee, the Remarketing Agents, the Rating Agencies and, if the related class of Reset Rate Notes is then listed on the Luxembourg Stock Exchange, the Administrator will forward a copy to the Luxembourg Listing Agent (the contents of which are to be published in a leading newspaper having general circulation in Luxembourg).

  • Director Option means an Option granted pursuant to Section 6.

  • Termination Right have the respective meanings given in the PRA Contractual Stay Rules.

  • Notice of Stock Option Grant means the document so entitled to which this Agreement is attached.