Decommissioning Amount definition

Decommissioning Amount means an amount equal to (a) the total expected cost of Decommissioning, as determined by a Qualified Engineer, plus (b) the estimated administrative costs of Purchaser, as reasonably determined and provided in writing by Purchaser to Seller (such amount not to exceed ten percent (10%)). For the avoidance of doubt, the Decommissioning Amount shall not take into account any salvage value of the System or any equipment or materials.
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Decommissioning Amount means the amount specified in Section 5.5 of the Joint Operating Agreement.
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Decommissioning Amount has the meaning set out in Schedule 11 [Prices, Payment and Security];
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Examples of Decommissioning Amount in a sentence

  • The Decommissioning Bond shall have a bonded sum amount equal to no less than the Decommissioning Amount and shall be for a term of one (1) year following the date of delivery of such Bond to Purchaser.

  • Unless Purchaser disagrees with the recalculation of such Decommissioning Amount by delivery of Notice to Seller within twenty (20) Days following receipt of such report from the Qualified Engineer, Seller shall cause the Qualified Surety to amend or replace the Decommissioning Bond with the recalculated Decommissioning Amount, as determined by the Qualified Engineer, and deliver such amended or replacement Decommissioning Bond to Purchaser within thirty (30) Days.

  • Such guaranty shall (i) be subject to and governed by Virginia Law; (ii) guaranty an amount not less than the Decommissioning Amount, as such amount may be adjusted pursuant to Section 8.2(b) above; and (iii) shall not expire any earlier than the date that Decommissioning is completed (i.e., the System is removed from the Project Site upon expiration or earlier termination of this Agreement).

Related to Decommissioning Amount

  • Decommissioning means administrative and technical measures which allow the removal of some or all of the regulatory controls from a nuclear facility and which aim at ensuring the long term protection of the public and the environment, including the reduction of the levels of residual radionuclides in the materials and on the site of the facility.

  • Pre-commissioning means the testing, checking, and any other required activity that may be specified in the Technical Requirements that are to be carried out by the Supplier in preparation for Commissioning of the System as provided in GCC Clause 26 (Installation).

  • Commissioning means the process for determining the need for and for obtaining the supply of healthcare and related services by the Trust within available resources.

  • Transportation facility means any transit, railroad,