Decommissioning Trust Closing Amount definition

Decommissioning Trust Closing Amount means the amount determined pursuant to Section 5.10(a).
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Decommissioning Trust Closing Amount means the greater of the following: (i) the aggregate amount of Qualified Decommissioning Funds and Nonqualified Decommissioning Funds required to be on deposit in the Sellers' Qualified Decommissioning Funds and Nonqualified Decommissioning Funds at the time of the Initial Closing and each Subsequent Closing on account of the Ownership Shares of the Sellers participating in each said Closing based on the calculation methodology and assumptions contained in the NDFC Final Report and Order for Docket 2001-1 (hereinafter referred to as the "Existing NDFC Order"); (1) or (ii) the
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Decommissioning Trust Closing Amount means the greater of the following: (i) the aggregate amount of Qualified Decommissioning Funds and Nonqualified Decommissioning Funds required to be on deposit in the Sellers' Qualified Decommissioning Funds and Nonqualified Decommissioning Funds at the time of the Initial Closing and each Subsequent Closing on account of the Ownership Shares of the Sellers participating in each said Closing based on the calculation methodology and assumptions contained in the NDFC Final Report and Order for Docket 2001-1 (hereinafter referred to as the "Existing NDFC Order"); (1) or (ii) the aggregate amount of Qualified Decommissioning Funds and Nonqualified Decommissioning Funds required to be on deposit in the Sellers' Qualified Decommissioning Funds and Nonqualified Decommissioning Funds at the time of the Initial Closing and each Subsequent Closing on account of the Ownership Shares of the Sellers participating in each said Closing based on any order(s) of the NDFC subsequent to the Existing NDFC Order other than an order of the type specified in Section 5.10(e). To the extent computation or reference is required as to the portion or share of the Decommissioning Trust Closing Amount due from a particular Seller participating in any Closing, the same shall be based on that Seller's pro rata share of the total Ownership Shares of the Sellers participating in that specific Closing. Notwithstanding anything else contained in this Section 5.10(a), however, if the amount determined pursuant to Section 5.10(a)(ii) is less than the amount determined pursuant to Section 5.10(a)(i), the amount determined pursuant to Section 5.10(a)(ii) shall be deemed the Decommissioning Trust Closing Amount.
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Examples of Decommissioning Trust Closing Amount in a sentence

  • On or prior to the Initial Closing Date or each Subsequent Closing Date, as the case may be, each Seller participating in such Closing shall make additional cash contributions from time to time to its Nonqualified Decommissioning Fund such that at the Initial Closing Date or the Subsequent Closing Date, as the case may be, the aggregate assets in such Seller's Nonqualified Decommissioning Fund and Qualified Decommissioning Fund equals such Seller's share of the Decommissioning Trust Closing Amount.

  • Notwithstanding any other provision of ----------------------- this Agreement, Seller shall not be required to proceed with the Closing in the event that the specific dollar amounts identified in Section 5.21(a) as the Decommissioning Trust Closing Amount and the required funding for the Provisional Trust are in the aggregate less than the minimum amount required as of the Closing Date by NRC regulations for the decommissioning of Pilgrim.

  • Buyer will use the results from the assessment ---------- performed pursuant to Section 5.14(a) in order to develop and submit to Seller an estimate of the actual volume of contamination at the Site and a proposed adjustment to the Decommissioning Trust Closing Amount for Seller's review (based on Envirocare's then prevailing per volume rate multiplied by such volume) and approval at least nine (9) weeks prior to Closing.

  • On or before the Closing Date, the Decommissioning Trust Closing Amount shall be adjusted as determined by such independent firm in the case of a dispute or as proposed by Buyer if Seller did not dispute such proposal.

  • In the event such reimbursement arrangement is found to be impracticable prior to the Initial Closing Date, then the Net Cash Value of the Decommissioning Trust Closing Amount attributable to Millstone Unit 1 shall be increased by an amount equal to the amount that the Buyer reasonably believes to be necessary to achieve the Cold and Dark status of Millstone Unit 1 (the "Cold and Dark Adjustment"), which amount shall be paid by the Lead Participants.

  • The amount of all additional cash contributions required from each Seller pursuant to this Section 5.10(c) shall hereinafter be referred to as the "Required Seller Deposit." ------------------ dates other than December 31, 2002, said calculation methodology and assumptions contained in the Existing NDFC Order would be applied accordingly to compute the Decommissioning Trust Closing Amount for the participating Seller(s) as of said date(s).

  • The Decommissioning Trust Closing Amount shall increase by the sum of the increases to the Qualified Decommissioning Funding Amount(s) and the Nonqualified Decommissioning Funding Amount(s).

  • The foregoing example is provided for illustrative purposes only, and should one or more Closings occur on dates other than December 31, 2002, said calculation methodology and assumptions contained in the Existing NDFC Order would be applied accordingly to compute the Decommissioning Trust Closing Amount for the participating Seller(s) as of said date(s).

  • The amount of all additional cash contributions ---------------------------- 1 For example, if a single Closing in which all Sellers participated occurred on December 31, 2002, the calculation methodology and assumptions contained in the Existing NDFC Order would result in a Decommissioning Trust Closing Amount of $232.72 million.

  • To the extent computation or reference is required as to the portion or share of the Decommissioning Trust Closing Amount due from a particular Seller participating in any Closing, the same shall be based on that Seller's pro rata share of the total Ownership Shares of the Sellers participating in that specific Closing.


More Definitions of Decommissioning Trust Closing Amount

Decommissioning Trust Closing Amount means the amount determined pursuant to Section 5.10(b). "Decommissioning Trusts" means the irrevocable trusts created pursuant to the Decommissioning Trust Agreement, consisting of assets held in Qualified Decommissioning Funds and Nonqualified Decommissioning Funds. "Deed" means the Deed for the Real Property and Improvements substantially in the form of Exhibit A attached hereto. "DEP" has the meaning set forth in Section 5.12. "Disclosing Party" has the meaning set forth in the definition of "Proprietary Information". "Dispute Representative" has the meaning set forth in Section 12.1. "Disqualification Event" means any amendment to the Decommissioning Trust Agreements which, assuming that the Qualified Decommissioning Funds were not disqualified at the Closing Date, would disqualify such Qualified Decommissioning Funds under (a) Section 468A of the Code and the Regulations promulgated thereunder as in effect on the Closing Date; (b) any final, temporary or proposed regulations published by the Department of Treasury; or (c) any other written guidance published by the IRS. "Divestiture Site Manager" means the project manager for the Millstone divestiture. "DOE" means the U.S. Department of Energy or any successor thereto. "DOE Acceptable Credit Support" means (a) a DOE Acceptable Letter of Credit or (b) a DOE Acceptable Guaranty. "DOE Acceptable Guarantor" means a Person with a rating of its long- term unsecured debt obligations of not less than both BBB-by S&P and Baa3 by Xxxxx'x. "XXX Acceptable Guaranty" means a guaranty issued by a DOE Acceptable Guarantor, substantially in the form of Exhibit M attached hereto. "DOE Acceptable Letter of Credit" means an irrevocable, unconditional standby letter of credit issued by an Eligible Financial Institution for the benefit of the Buyer having a drawing amount which shall be at least equal to the Estimated DOE Payment Amount that is payable or negotiable at an office of the Issuing Bank (or a corresponding bank thereof) in New York City, Connecticut or such other place as shall be acceptable to the Buyer. "DOE Contract Amount" has the meaning set forth in Section 5.18. -100-
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Related to Decommissioning Trust Closing Amount

  • Professional Fee Escrow Amount means the aggregate amount of Professional Fee Claims and other unpaid fees and expenses Professionals estimate they have incurred or will incur in rendering services to the Debtors prior to and as of the Confirmation Date, which estimates Professionals shall deliver to the Debtors as set forth in Article II.C hereof.

  • Escrow End Date has the meaning specified in the Escrow Agreement.

  • Professional Fee Escrow Account means an interest-bearing account funded by the Debtors with Cash on the Effective Date in an amount equal to the Professional Fee Amount.

  • Closing Escrow Agreement means the Closing Escrow Agreement, dated as of the date hereof, between the Placement Agent, the Company and the Escrow Agent pursuant to which the Investors shall deposit their Investment Amounts with the Escrow Agent to be applied to the transactions contemplated hereunder, in the form of Exhibit B hereto.

  • 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.

  • Final closure means the closure of all hazardous waste management units at the facility in accordance with all applicable closure requirements so that hazardous waste management activities pursuant to 35 Ill. Adm. Code 724 and 725 are no longer conducted at the facility unless subject to the provisions of 35 Ill. Adm. Code 722.134.

  • 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.

  • Post-Closing Agreement shall have the meaning set forth in Section 8.9.

  • Cogeneration unit means a unit that has equipment used to produce electric energy and forms of useful thermal energy (such as heat or steam) for industrial, commercial, heating or cooling purposes, through the sequential use of energy.

  • Professional Fee Escrow means a non-interest-bearing escrow account established and funded pursuant to Article II.C.3.

  • Adjustment Escrow Account means the escrow account established by the Escrow Agent pursuant to the Escrow Agreement for purposes of holding the Adjustment Escrow Amount and any interest or earnings accrued thereon or in respect thereof.

  • Indemnity Escrow Account means the escrow account established by the Escrow Agent pursuant to the terms of the Escrow Agreement for purposes of holding the Indemnity Escrow Amount.

  • Generation Interconnection Facilities Study means a Facilities Study related to a Generation Interconnection Request.

  • Generation Unit means a facility that converts a fuel or an energy resource into electrical energy.

  • Final Closing means the last closing under the Private Placement;

  • Final Closing Working Capital has the meaning set forth in Section 2.5(d).

  • Closing Agent means the attorney, real estate firm, or closing company that is closing the cash sale qualifying purchase transaction and that prepares the cash sale settlement statement.

  • Closing Date Purchase Price shall have the meaning set forth in Section 2.1 hereof.

  • Final Closing Statement has the meaning set forth in Section 2.4(a).

  • Escrow Deposit has the meaning set forth in Section 2.1.

  • Indemnity Escrow Agreement means the Indemnity Escrow Agreement substantially in the form attached hereto as Exhibit B, among the Sellers, the Buyers and the Escrow Agent.

  • Class I renewable energy means electric energy produced from

  • Generation Interconnection Agreement means the large generator interconnection agreement to be entered into separately between Seller and Interconnection Provider concerning the Interconnection Facilities.

  • Post-Closing Adjustment Amount has the meaning set forth in Section 1.9.3.

  • Deposit Escrow Agreement has the meaning set forth in Section 2.2.

  • 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;