FERC Assets definition

FERC Assets is defined in the New Lease.
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FERC Assets has the meaning set forth in Section 5.18. ----
Sample 1

Examples of FERC Assets in a sentence

  • None of the System, the Acquired System, the FERC Assets nor any of the other assets of the Company, a Member, New Owner and New Operator has suffered any Force Majeure Event that is continuing.

  • The Company has good and sufficient title to the System and the Acquired System, New Owner has good and sufficient title to the FERC Assets and the Company, Sharyland, New Owner and New Operator have good and sufficient title to their properties that individually or in the aggregate are material to them, free and clear of Liens (other than Permitted Liens).

  • The Company shall, and shall cause Sharyland, New Owner and New Operator, as applicable, to operate and maintain the System, including the Acquired System, and the FERC Assets in accordance with, and make all repairs, alterations, additions and replacements which are necessary for the System, including the Acquired System, and the FERC Assets to meet, all Requirements of Law, including all Required Permits, all requirements of the Transaction Documents and Good Utility Practices.

  • On the Closing Date, the Company has two subsidiaries: Sharyland Projects, L.L.C., a project finance subsidiary, and SDTS FERC, L.L.C., a Texas limited liability company that owns the FERC Assets.

  • Notwithstanding any other ------------- provision of this Agreement, the FERC Assets and the Nepco Lake Dam will not be transferred on the Closing Date, but the related transfer documents will be placed in escrow at Closing as contemplated by Section 2.2(a).

  • The Parent Indemnitees will be entitled to indemnification in accordance with Section 8.2 (iv) of this Agreement for any Losses incurred by the Parent Indemnitees arising with respect to any breach of the Operating Agreement by Purchaser prior to the transfer of the FERC Assets and the Nepco Lake Dam or with respect to the use or operation of the FERC Assets and the Nepco Lake Dam after the Closing.

  • Purchaser shall have received surveys for each parcel of Real ------ Property used or held for use in any material respect in the operations of any of the Xxxxx (other than surveys for the FERC Assets and lakes and rivers and dams) in each case in form sufficient to delete the "standard survey exception" with respect to the parcels surveyed in the Title Policies and to enable Purchaser to obtain extended coverage Title Policies in accordance with the further provisions of this Section.

  • Pending such transfer, the FERC Assets and the Nepco Lake Dam shall be operated in accordance with the terms of an Operating Agreement to be entered into on the Closing Date by Sellers and Purchaser in the form of Exhibit M hereto.

  • The FERC Assets and Nepco Lake Dam will be deemed included in the Acquired Assets for all purposes under this Agreement.

  • Within three Business Days following FERC approval of the transfer of the FERC Licenses to U.S. Sub the transfer documents for the FERC Assets shall be released and delivered to U.

Related to FERC Assets

  • Project Assets means all physical and other assets relating to and forming part of the Site including:

  • Operating Assets means all merchandise inventories, furniture, fixtures and equipment (including all transportation and warehousing equipment but excluding office equipment and data processing equipment) owned or leased pursuant to Capital Leases by the Company or a Restricted Subsidiary.

  • Combined Assets means the sum of Fund Assets and Other Assets; and

  • Admitted assets means the amount thereof as of the last day of the most recently concluded annual statement year, computed in accordance with rule 191—5.6(505,515,520).

  • Landfill Gas means any gas derived through any biological process from the decomposition of waste buried within a waste disposal site.

  • Acquired Assets has the meaning set forth in Section 2.1.

  • Subject Assets is defined in Section 2.2(c).

  • Pipeline System means each system of Pipeline Assets, Real Property and Easements relating thereto making up an integrated gathering system and gathering system, or other pipeline system.

  • surplus assets means the assets after payment of the debts and liabilities remaining on a winding-up of the incorporated association and the costs, charges and expenses of the winding-up;

  • Related Business Assets means assets (other than cash or Cash Equivalents) used or useful in a Similar Business; provided that any assets received by the Issuer or a Restricted Subsidiary in exchange for assets transferred by the Issuer or a Restricted Subsidiary shall not be deemed to be Related Business Assets if they consist of securities of a Person, unless upon receipt of the securities of such Person, such Person would become a Restricted Subsidiary.

  • Fixed Assets means Equipment and Real Estate.

  • Generating Facility means the Generating Unit(s) comprising Seller’s power plant, as more particularly described in Section 1.02 and Exhibit B, including all other materials, equipment, systems, structures, features and improvements necessary to produce electric energy and thermal energy, excluding the Site, land rights and interests in land.

  • Business Assets means all tangible and intangible property and assets owned (either directly or indirectly), leased, licensed, loaned, operated or used, including all real property, fixed assets, facilities, equipment, inventories and accounts receivable, by the Corporation and the Subsidiaries in connection with the Business;

  • Portfolio Assets means the portion of the net assets of the Fund managed by the Sub-Adviser pursuant to the following investment strategy as agreed to by the Adviser and the Sub-Adviser in a separately negotiated investment mandate: Emerging Markets (each a “Strategy”).

  • Replacement Assets means (1) substantially all the assets of a Person primarily engaged in a Similar Business or (2) a majority of the Voting Stock of any Person primarily engaged in a Similar Business that will become, on the date of acquisition thereof, a Restricted Subsidiary.

  • Acquisition Assets With respect to an Acquisition, the aggregate net assets as of the effective date of such Acquisition of all Acquired Funds.

  • Purchased Assets has the meaning set forth in Section 2.1.

  • Common Properties means and refer to those areas of land shown on any recorded subdivision plat of The Properties and intended to be devoted to the common use and enjoyment of the owners of The Properties.

  • Generating Facilities means Interconnection Customer’s device for the production and/or storage for later injection of electricity identified in the Interconnection Request, but shall not include the Interconnection Customer’s Interconnection Facilities. Generation Interconnection Customer:

  • Retained Assets has the meaning set forth in Section 2.2.

  • Pipelines means those pipelines within the Storage Facility that connect the Tanks to one another and to the receiving and delivery flanges of the Storage Facility.

  • Midstream Assets means (i) assets used primarily for gathering, transmission, storage, processing or treatment of natural gas, natural gas liquids or other hydrocarbons or carbon dioxide and (ii) equity interests of any Person that has no substantial assets other than assets referred to in clause (i).