Decommissioning Target definition

Decommissioning Target means an amount equal to Two Hundred Fifty Million Dollars ($250,000,000), which amount shall be increased by five and one-half percent (5.5%) per annum, compounded daily, from and after March 1, 2007 through and including the Closing Date.
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Decommissioning Target means either (i) in the event that the Additional Requested Rulings described in Section 5.15(b) are obtained prior to the Closing Date, the greater of (w) an amount equal to Three Hundred Sixty Million Dollars ($360,000,000) which amount shall be increased by five and a half percent (5.5%) per annum, which shall be compounded daily on and after August 31, 2007 through and including the Closing Date, (x) the amount specified in the Additional Requested Rulings, (y) the minimum amount sufficient to comply with all NRC regulations, orders or directives regarding the adequacy of Decommissioning funding or (z) the amount required by the PSCW, which in no event shall be greater than the amount specified in the immediately following clause (ii); or (ii) in the event that the Additional Requested Rulings described in Section 5.15(b) are not obtained prior to the Closing Date, the fair market value of all of the assets in Seller’s Qualified Decommissioning Fund on the Closing Date.
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Decommissioning Target means the greater of: (a) an amount equal 1 Xxxxx X. Xxxxxxx, Esq. May 24, 2007 Page 2 of 4 to Three Hundred Sixty Million Dollars ($360,000,000), which amount shall be increased by five and one half percent (5.5%) per annum, which shall be compounded daily on and after August 31, 2007 through and including the Closing Date; (b) the minimum amount sufficient to comply with all NRC regulations, orders, or directives, regarding the adequacy of Decommissioning funding; or (c) the amount required by the PSCW. This requirement will supercede the condition to obligations of Buyer set forth in Section 6.2(d) of the ASA. The Purchase Price shall be decreased by forty seven million dollars ($47,000,000),and the Purchase Price Adjustments set forth in Sections 2.3(b)(i)(6), 2.3(b)(i)(7) and 2.3(b)(i)(9) of the ASA shall not apply to the transaction. The Purchase Price shall be increased in an amount equal to the product of 0.25 multiplied by the difference between (a) the Decommissioning Target and (b) Three Hundred Sixty Million Dollars ($360,000,000) which amount shall be increased by five and a half percent (5.5%) per annum, which shall be compounded daily on and after August 31, 2007 through and including the Closing Date; provided, that such difference is a positive amount. The assets of the Seller's Nonqualified Decommissioning Fund equal to the Decommissioning Target shall be treated as Point Beach assets pursuant to Section 2.1(a) of the ASA. To the extent the market value of the assets in the Seller's Nonqualified Decommissioning Fund are less than the Decommissioning Target, assets transferred by Seller to Buyer from Seller's previously qualified Qualified Decommissioning Fund to meet the asset transfer requirement in paragraph 1 of this letter, shall be treated as Point Beach Assets pursuant to Section 2.1(a) of the ASA. All other assets of the Seller's previously qualified Qualified Decommissioning Fund shall be treated as Excluded Assets pursuant to Section 2.1(b) of the ASA. Buyer shall not assume or be liable for any Liabilities of Seller or Seller's Qualified Decommissioning Fund for Taxes imposed as a result of the disqualification of Seller's Qualified Decommissioning Fund. The representations and warranties of the Seller set forth in Section 3.16 of the ASA and of the Buyer set forth in Section 4.7 of the ASA shall have no further force and effect. 2 Xxxxx X. Xxxxxxx, Esq. May24, 2007 Page 3 of 4 Seller hereby represents and warrants to Buyer that...
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Examples of Decommissioning Target in a sentence

  • The Amount of Decommissioning Liability Coverage under this Policy for a Unit shall be equal to the Shortfall for such Unit calculated by using the Decommissioning Target Amount as of the Settlement Date set forth in the Decommissioning Target Document and the amount of the Decommissioning Trust Fund as of the Settlement Date.

  • SAPS has indicated that 3 000 of the 15 000 police trainees to be appointed over the 2023 MTEF period will be appointed in detective services.

Related to Decommissioning Target

  • Decommissioning Plan means the document containing detailed information on the proposed decommissioning and covering the following: the selected decommissioning strategy; the schedule, type and sequence of decommissioning activities; the waste management strategy applied, including clearance; the proposed end state; the storage and disposal of the waste from decommissioning; the timeframe for decommissioning; the cost estimates for the completion of decommissioning; and the objectives, expected results, milestones, target dates, as well as the corresponding key performance indicators, including, as appropriate, earned value based indicators. The plan is prepared by the nuclear facility license holder and is reflected in the multiannual work programmes of the Programme;

  • Decommissioning means the measures taken at the end of a facility's operating life to assure the continued protection of the public from any residual radioactivity or other potential hazards present at a facility.

  • Commissioning test means tests applied to the Generating Facility, after completion of the construction of the Generating Facility, in order to verify that the Generating Facility may be released for Operation.

  • Commissioning Tests means all of the procedures and tests which, in accordance with the Reasonable and Prudent Standard, and in compliance with industry guidelines, practices and standards, are:

  • Commissioning Period means, with respect to each Subproject, the period commencing upon the first delivery of Feed Gas to the Subproject in accordance with Sections 4.8 and 11.1 of the Agreement continuing through achievement of RFSU, commissioning, Start Up, Performance Testing and achievement of Substantial Completion for such Subproject.

  • Generation Interconnection Feasibility Study means a study conducted by the Transmission Provider (in coordination with the affected Transmission Owner(s)) in accordance with Tariff, Part IV, section 36.2.

  • Cannabis testing facility means an entity registered by

  • Development Phase means the period before a vehicle type is type approved.

  • Planned Financed Generation Capacity Resource means a Planned Generation Capacity Resource that, prior to August 7, 2015, has an effective Interconnection Service Agreement and has submitted to the Office of the Interconnection the appropriate certification attesting achievement of Financial Close.

  • Project Implementation Unit or “PIU” means the unit referred to in Section I.A.1 of Schedule 2 to this Agreement.

  • Planned External Financed Generation Capacity Resource means a Planned External Generation Capacity Resource that, prior to August 7, 2015, has an effective agreement that is the equivalent of an Interconnection Service Agreement, has submitted to the Office of the Interconnection the appropriate certification attesting achievement of Financial Close, and has secured at least 50 percent of the MWs of firm transmission service required to qualify such resource under the deliverability requirements of the Reliability Assurance Agreement.

  • The Project Plan means the document to be developed by the Supplier and approved by the Purchaser, pursuant to GCC Clause 19, based on the requirements of the Contract and the Preliminary Project Plan included in the Supplier’s bid. The “Agreed and Finalized Project Plan” is the version of the Project Plan approved by the Purchaser, in accordance with GCC Clause 19.2. Should the Project Plan conflict with the Contract in any way, the relevant provisions of the Contract, including any amendments, shall prevail.

  • LOCKHEED XXXXXX Procurement Representative means a person authorized by LOCKHEED XXXXXX'x cognizant procurement organization to administer and/or execute this Contract.

  • Phase 1 means the first implementation phase of this section, beginning June 1, 2018 and ending May 31, 2022.

  • Training program means a standardized medication

  • Cluster development means a contiguous cluster or

  • Project Water means water made available for delivery to the contractors by project conservation facilities and the transportation facilities included in the System.

  • Base Load Generation Resource means a Generation Capacity Resource that operates at least 90 percent of the hours that it is available to operate, as determined by the Office of the Interconnection in accordance with the PJM Manuals.

  • Development Program means the implementation of the development plan.

  • Commissioning Date means that date when construction of the contemplated Project is complete, and the Maintenance Term commences;

  • Project Plans mean the plans for the Project that are attached to this Agreement as Exhibit “B.”

  • Development Site means any parcel or lot on which exists or which is intended for building development other than the following:

  • Collaboration Target means the Initial Collaboration Targets set forth on Exhibit F and any Additional Target or Substitute Target that is selected in accordance with Section 3.3 of this Agreement.

  • Development Project means a project for the development of land within a

  • Project Plan means the document to be developed by the Contractor and approved by Webel Technology Ltd., based on the requirements of the Contract and the Preliminary Project Plan included in the Contractor’s bid. For the sake of clarity, the Agreed and Finalized Project Plan” refers to the version of the Project Plan submitted by the contractor after receiving the letter of Award and the same approved by Webel Technology Ltd. The project plan may be changed/ modified during the course of the project. Should the Project Plan conflict with the provisions of the Contract in any way, the relevant provisions of the Contract, including any amendments, shall prevail.

  • Subprojects means more than one such Subproject.