Genco Assets definition
Examples of Genco Assets in a sentence
Upon transfer of the Genco Assets to Genc▇ ▇▇, ▇▇l rights and obligations associated with REI's interest in the South Texas Project Electric Generating Station shall become the rights and obligations of Genc▇ ▇▇, ▇▇cluding, without limitation, the interest of beneficiary under that certain Trust Agreement, originally dated as of July 2, 1990, as amended and restated to date, between Houston Lighting & Power Company and Mellon Bank, N.A., as Trustee.
The Genco Assets shall include, without limitation, the generation plants and other assets set forth in Schedule 1.15 and contract and permit rights associated with those generation plants.
Genco Business" means the electric generation business and operations conducted with the Genco Assets.
On and after the Genco Organization Date, Genco will comply, and will cause each of its Subsidiaries to comply, with all applicable laws and regulations applicable to Genco or the Genco Assets, including without limitation all Environmental Laws, except where failure to do so would not result in a Material Adverse Effect and is consistent in all material respects with Good Operating Practices.
Genco Business" shall mean the electric generation business and operations conducted with the Genco Assets.
Genco Assets" means all of the generation assets (as that term is defined in Section 39.251(3) of the Utilities Code) of the Reliant Energy HL&P Division of REI.
The methodology for determining the demarcation between Genco Assets and transmission and distribution assets is set forth in Section D of the Business Separation Plan.
Each instrument of transfer shall contain a representation and warranty that the portion of the Genco Assets transferred thereby shall be free and clear of the lien of the Mortgage and all other liens and security interests securing Indebtedness.
The term of this Agreement shall commence on the date hereof and shall remain in effect through the earlier of (i) the Option Closing Date, (ii) the sale or disposition by REI, directly or indirectly, of Genc▇ ▇▇ ▇▇ of all or substantially all of the Genco Assets, and (iii) May 31, 2005 or until such earlier time as all Services are terminated as provided in this Section.
Genco Assets" has the meaning assigned to that term in Section 1.15 of the Separation Agreement.