Florida Progress definition

Florida Progress means Florida Progress Corporation, a Florida corporation.
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Florida Progress as defined in the recitals to this Agreement.
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Florida Progress is defined in the recitals hereto.
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Examples of Florida Progress in a sentence

  • Contingent Value Obligation (CVO) Mark-to-Market In connection with the acquisition of Florida Progress Corporation, Progress Energy issued 98.6 million CVOs. Each CVO represents the right to receive contingent payments based on after-tax cash flows above certain levels of four synthetic fuel facilities purchased by subsidiaries of Florida Progress Corporation in October 1999.

  • Each Financial Goal established with respect to Florida Progress Corporation and each Subsidiary shall be weighted to reflect its relative importance in determining the size of the Pool.

  • Florida Progress shall cause to be performed, and hereby guarantees the performance of, all actions, agreements and obligations set forth herein to be performed by any Florida Progress Subsidiary.

  • As discussed in Note 23 in the 2010 Form 10-K, we have guaranteed certain payments of two 100 percent owned indirect subsidiaries, FPC Capital I (the Trust) and Florida Progress Funding Corporation (Funding Corp.).

  • The members of the Florida Progress Group and Echelon shall cooperate and use all commercially reasonable efforts to secure the transfer or issuance of the licenses and permits.

  • The Board of Directors of Florida Progress, in its sole discretion, shall have established the Record Date and the Distribution Date and shall establish any appropriate procedures in connection with the Distribution.

  • Beginning on the Distribution Date, Florida Progress will provide, or cause one or more of its Subsidiaries to provide, to Echelon such services on such terms as may be set forth in the Transition Services Agreement.

  • Echelon shall cause all its employees to resign, effective as of the Distribution Date, from all positions as officers or directors of any member of the Florida Progress Group in which they serve.

  • This Agreement (including, without limitation, Article IV hereof) may be terminated and the Distribution may be amended, modified or abandoned at any time prior to the Distribution by and in the sole discretion of Florida Progress without the approval of Echelon or the stockholders of Florida Progress.

  • Echelon acknowledges that, as provided for in the Business Plan, Florida Progress has provided Echelon with capitalization and liquidity which the parties believe is sufficient to allow Echelon to carry out the Business Plan, including liquidity reserves which the parties believe are sufficient to address unforeseen business risks or events.


More Definitions of Florida Progress

Florida Progress shall have the meaning set forth in the recitals hereto.
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Related to Florida Progress

  • Work in Progress means a Deliverable that has been partially prepared, but has not been presented to the State for Approval.

  • Redevelopment Plan means the “Lincoln Center Redevelopment Plan” passed, adopted and approved by the City pursuant to the Resolution, and shall include any amendment of said Redevelopment Plan heretofore or hereafter made by the City pursuant to law.

  • Development Plans has the meaning set forth in Section 3.2.

  • Redevelopment Commission means the Fishers Redevelopment Commission.

  • Pre-commissioning means the testing, checking, and any other required activity that may be specified in the Technical Requirements that are to be carried out by the Supplier in preparation for Commissioning of the System as provided in GCC Clause 26 (Installation).

  • California Renewables Portfolio Standard means the California Public Utilities Code Section 399.11, et seq.

  • Commissioning Period means, with respect to each Subproject, the period commencing upon the first delivery of Feed Gas to the Subproject in accordance with Sections 4.8 and 11.1 of the Agreement continuing through achievement of RFSU, commissioning, Start Up, Performance Testing and achievement of Substantial Completion for such Subproject.

  • Construction in Progress means, as of any date, the book value (determined in accordance with GAAP) of any Projects then under development; provided that a Project shall no longer be included in Construction in Progress and shall be deemed to be a stabilized project upon the earlier of (a) the expiration of the second full fiscal quarter after substantial completion (the earlier of receipt of a temporary certificate of occupancy or a final certificate of occupancy) of such Project and (b) the last day of the fiscal quarter in which the annualized Consolidated Net Operating Income attributable to such Project divided by the Capitalization Rate exceeds the book value of such Project.

  • Development Authority means the New Jersey Schools