Domestic Utility Business definition

Domestic Utility Business means the regulated electric and natural gas assets and businesses owned and operated by the Borrower in the United States.
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Domestic Utility Business means the regulated electric and natural gas assets and businesses owned and operated by the Company in the United States. EBITDA means, for any period, the total of the following calculated without duplication: (a) Consolidated Net Income (or loss) of the Domestic Utility Business and the Telecommunications Business for such period plus (b)(i) Consolidated Interest Expense, (ii) Federal, state, county and local income and franchise Taxes, and (iii) depreciation, amortization, unallocated corporate costs and other non-cash charges, in each case, of such Domestic Utility Business and the Telecommunications Business for such period, but only to the extent deducted in the determination of Consolidated Net Income of the Domestic Utility Business and the Telecommunications Business for such period less (c) all expenses of the Company not related to the Domestic Utility Business, the Telecommunications Business or the business conducted by Aquila Merchant Services, Inc. and its Subsidiaries (except excluding (x) extraordinary gains and losses, (y) $8,500,000 of payments in connection with the recombination of the Company and Aquila Merchant Services, Inc. and (z) fees and expenses related to the Amendment No. 1 to the Retired Credit Agreement). Eligible Assignee means (i) a Lender; (ii) an Approved Fund; (iii) a commercial bank organized under the laws of the United States of America, or any State thereof, and having total assets in excess of $250,000,000; (iv) a savings association or savings bank organized under the laws of the United States of America, or any State thereof, and having total assets in excess of $250,000,000; (v) a finance company, insurance company or other financial institution or fund (whether a corporation, partnership, trust or other entity) that is engaged in making, purchasing or otherwise investing in commercial loans (or a size similar to the Loans) in the ordinary course of its business and having (together with its affiliates) total assets in excess of $250,000,000; and (vi) any other Person approved by the Agent; provided, however, that neither the Company nor any affiliate thereof shall qualify as an Eligible Assignee under this definition.
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Domestic Utility Business means the regulated electric and natural gas transmission and distribution assets and businesses owned and operated by the Borrower in the United States.
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Examples of Domestic Utility Business in a sentence

  • Except in connection with sale of assets permitted pursuant to Section 5.02(g), maintain ownership, directly (and not through any Subsidiary), of all or substantially all of the assets of the Domestic Utility Business.

  • Utilize the proceeds of the Loans solely to finance its working capital requirements associated with its Domestic Utility Business.

  • Proceeds of each Loan shall be used by the Borrower solely for the purpose of financing its working capital requirements associated with its Domestic Utility Business.

Related to Domestic Utility Business

  • Domestic use means that portion of metered water service, electricity, electrical current, natural, artificial or propane gas, wood, coal or home heating oil, and in any city not within a county, metered or unmetered water service, which an individual occupant of a residential premises uses for nonbusiness, noncommercial or nonindustrial purposes. Utility service through a single or master meter for residential apartments or condominiums, including service for common areas and facilities and vacant units, shall be deemed to be for domestic use. Each seller shall establish and maintain a system whereby individual purchases are determined as exempt or nonexempt;

  • Domestic winery means a place where wines are manufactured

  • Domestic sewage means waste and wastewater from humans, or household operations that is discharged to or otherwise enters a treatment works.

  • Material Domestic Subsidiary means any Domestic Subsidiary that is a Material Subsidiary.

  • Qualified business means a for-profit business that obtains services relating to that business from 30 or fewer employees or employees of independent contractors performing services substantially similar to employees during a random week in the year ending on the tax day. If a person is a unified business group as that term is defined in section 117 of the Michigan business tax act, 2007 PA 36, MCL 208.1117, the number of employees from whom services are obtained includes all employees of the unitary business group and employees of independent contractors of the unitary business group rendering services to the qualified business.

  • domestic industry means the producers as a whole of the like or directly competitive goods operating in a Party, or those whose collective output of the like or directly competitive goods constitutes a major proportion of the total domestic production of those goods;

  • regulated business means a business which is required to be licensed under one or other of the regulatory laws;

  • Domestic service means the type of service supplied to the owner or his authorized agent or to the occupant or tenant of any space or area occupied for the distinct purpose of a dwelling house, rooming house, apartment, flat, etc.

  • banking business means the business of accepting deposits withdrawable or repayable on demand or after a fixed period or after notice and the employment of those deposits, in whole or in part, by lending or any other means for the account and at the risk of the person accepting the deposits;

  • Unitary business means one or more related business organizations engaged in business activity both within and outside the State among which there exists a unity of ownership, operation, and use; or an interdependence in their functions.

  • Real Estate Business means homebuilding, housing construction, real estate development or construction and the sale of homes and related real estate activities, including the provision of mortgage financing or title insurance.

  • Domestic Foreign Holding Company means any Domestic Subsidiary that is a disregarded entity for U.S. federal income tax purposes with no material assets other than Equity Interests and/or Indebtedness of one or more Foreign Subsidiaries and other assets incidental thereto.

  • Domestic septage means either liquid or solid material removed from a septic tank, cesspool, portable toilet, Type III marine sanitation device, or similar treatment works that receives only domestic sewage. Domestic septage does not include liquid or solid material removed from a septic tank, cesspool, or similar treatment works that receives either commercial wastewater or industrial wastewater and does not include grease removed from grease trap at a restaurant.

  • Immaterial Domestic Subsidiary means any Domestic Subsidiary that is not a Material Domestic Subsidiary.

  • Qualified business facility means any building, complex of

  • Regulated Subsidiary means a Broker Dealer Regulated Subsidiary, a Bank Regulated Subsidiary or an Insurance Regulated Subsidiary or any other Subsidiary subject to minimum capital requirements or other similar material regulatory requirements imposed by applicable regulatory authorities.

  • Significant Domestic Subsidiary means any Domestic Subsidiary that is a Significant Subsidiary.

  • Domestic Subsidiaries means all Subsidiaries incorporated or organized under the laws of the United States of America, any State thereof or the District of Columbia.

  • Certified Minority Business Enterprise means a business which has been certified by the certifying organization or jurisdiction in accordance with s. 287.0943(1) and (2).

  • Domestic abuse means the following, if committed against a family or household member by a family or household member:

  • Foreign organization means an organization created under laws other than the laws of this state for a purpose for which an organization may be created under the laws of this state.

  • domestic worker means an employee who performs domestic work in the home of his or her employer and includes—

  • Non-U.S. Subsidiary means any Subsidiary that is not a U.S. Subsidiary.

  • insurance business means one or more aspects of the business of selling, issuing or underwriting insurance or reinsurance.

  • Alarm business means the business by any individual, partnership, corporation, or other entity of selling, leasing, maintaining, servicing, repairing, altering, replacing, moving or installing any alarm system or causing to be sold, leased, maintained, serviced, repaired, altered, replaced, moved or installed any alarm system in or on any building, structure or facility.

  • Minority Business means a business: