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 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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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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Examples of Decommissioning Target in a sentence

  • The State may terminate this Agreement at any time the State determines that the purposes of the distribution of moneys under the contract would no longer be served by completion of the project.

  • To the extent necessary, Seller shall be required to make a deposit to its Nonqualified Decommissioning Fund prior to the Closing so that the aggregate value of the Nonqualified Decommissioning Fund, measured as of the Closing, is equal to the Decommissioning Target (as calculated as of the Closing Date) (such deposit, the "Nonqualified Decommissioning Fund Additional Deposit").

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 a distributed generation facility by the applicant after construction is completed to verify that the facility does not create adverse system impacts and performs to the submitted specifications. At a minimum, the scope of the commissioning tests performed shall include the commissioning test specified in Institute of Electrical and Electronics Engineers, Inc. (IEEE) Standard 1547 Section 5.4 "Commissioning tests".

  • 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 has the meaning set forth in Attachment T.

  • Project Commissioning means the Project will be considered as commissioned if all equipment as per rated project capacity has been installed and energy has flown into grid, in line with the Commissioning procedures defined in the RfS/PPA.

  • 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.

  • 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 phase of the ATP comprised of: (1) improvements to the State Street Substation; (2) construction of the Proposed Line; (3) the rebuilding of NYSEG’s existing Lines 971 and 000 xxxxx xx Xxxxxxxx Xxxx xx the NYSEG ROW to allow for construction of the Proposed Line as intended; (4) improvements to the Elbridge Substation to accept the Proposed Line; and (5) National Grid’s conveyance to NYSEG of the NYSEG Acquired ROW and such other land interests as contemplated by the Purchase and Sale Agreement.

  • 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:

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

  • Maintenance Programme shall have the meaning set forth in Clause 14.3; “Maintenance Period” shall have the meaning set forth in Clause 14.1; “Maintenance Requirements” shall have the meaning set forth in Clause 14.2;

  • Project Plan means the document to be developed by the Contractor and approved by WTL, 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 Finalised 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 WTL. 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.

  • TDP means “TDP” as that term is defined in the Second Amended Joint Plan or as that term is defined in any Plan confirmed by the Bankruptcy Court.