Facility Lessee definition

Facility Lessee shall have the meaning set forth in the recitals to the Participation Agreement.

Facility Lessee means PPL Montana as lessee under the Facility Lease.

Facility Lessee has duly filed with FERC the filings referenced in Section 4.8 and, except with respect to the FERC Owner Lessor EWG Orders and the FERC Orders referred to in clause (v) of the definition of "FERC Orders" in Appendix A hereto, received from FERC the orders referenced therein.

Examples of Facility Lessee in a sentence

• The Facility Lessee hereby consents to such assignment and to the creation of such Lien and security interest and acknowledges receipt of copies of the Lease Indenture, it being understood that such consent shall not affect any requirement or the absence of any requirement for any consent of the Facility Lessee under any other circumstances.

• Payments constituting Excepted Payments shall be made to the Person entitled thereto at the address for such Person set forth in the Participation Agreement, or to such other place as such Person shall notify the Facility Lessee in writing.

• If Lessor initiates judicial proceedings or if this Lease is terminated by Lessor pursuant to this Article with respect to a Facility, Lessee waives, to the extent permitted by applicable law, (i) any right of redemption, re-entry or repossession; and (ii) the benefit of any laws now or hereafter in force exempting property from liability for rent or for debt.

• It is agreed that all such risks, as between the Owner Lessor and the Owner Participant on the one hand and the Facility Lessee on the other hand are to be borne by the Facility Lessee with respect to acts, occurrences or omissions during the Facility Lease Term.

• The Facility Lessee shall, at its own expense, make or cause to be made all proofs of loss and take all other steps necessary to collect the proceeds of such insurance.

More Definitions of Facility Lessee

Facility Lessee means Midwest, as lessee of the Undivided Interest under the Facility Lease.

Facility Lessee means Homer City.

Facility Lessee means TVA as lessee under the Facility Lease.

Facility Lessee means Xxxxx City, as lessee of the Undivided Interest under the Facility Lease.

Facility Lessee as defined in the Other Participation Agreement.

Facility Lessee means the Company as lessee under the Facility Lease. To the extent there is a transfer pursuant to Section 13.2 of the Participation Agreement in circumstances where the Facility Lessee is to remain liable under the Operative Documents, the term Facility Lessee shall continue to include the transferring entity for purposes of Section 16 of the Facility Lease.

Facility Lessee has duly filed with FERC the filings referenced in Section 4.8 and, except with respect to the determination by FERC of EWG status and the FERC Order referenced in clause (ii) of the definition of "FERC Orders" set forth in Appendix A hereto, received from FERC the orders referenced therein. Fully Taxable. As of the Closing Date, each Person owning an Ownership Interest (i) is fully taxable at the highest federal tax rate and (ii) expects to be fully taxable at the highest federal tax rate throughout the Facility Lease Term; for the avoidance of doubt, this representation is not intended to be construed as nor shall it be deemed to be a guaranty as to any such Person's future taxation.