Genco Assets definition

Genco Assets. Genco Assets" means all of the generation assets (as that term is defined in Section 39.251(3) of the Utilities Code) that belonged to the Reliant Energy HL&P Division of REI before such assets were conveyed, assigned, transferred and delivered to Xxxxx XX pursuant to a Xxxx of Sale and Assignment dated as of August 31, 2002 (the "Xxxxx Xxxx of Sale"). The Genco Assets include, without limitation, the generation plants and other assets and contract and permit rights associated with those generation plants as described in the Xxxxx Xxxx of Sale. The methodology for determining the demarcation between Genco Assets and CenterPoint's transmission and distribution assets is set forth in Section D of the Business Separation Plan.
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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 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. 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.
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Genco Assets has the meaning assigned to that term in Section 1.15 of the Master Separation Agreement, as such assets may exist from time to time, including all additions thereto and betterments, improvements and replacements thereof.
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Examples of Genco Assets in a sentence

  • To Seller’s knowledge, the San Xxxx Project has all assets necessary to operate the GenCo Assets as they have been historically operated pursuant to the Participation Agreement, and there are no plans to sell, transfer, assign any such assets (other than assets that will be replaced with assets of equal utility) or to fail to maintain the GenCo Assets in accordance with Prudent Utility Practices and the Participation Agreement.

  • Coordination at EU level is probably the best way of pooling the very limited resources available.

  • For illustrative purposes, the proposed consideration for the GenCo Assets & Liabilities is approximately RM12.14 billion based on the net carrying value in the unaudited proforma balance sheet of the Generation Business as at 31 December 2018.

  • During the thirteen (13) year period beginning on the Transfer Date (the “Term”) (or such longer period as the Parties may agree), Seller will receive electrical power generated by the GenCo Assets in a manner consistent with the Participation Agreement and in an amount not to exceed Seller’s proportional Ownership Interest in the GenCo Assets (the “Power Amount”).

  • Seller will share the liability, and incur costs for expenses required for continuing and proper operation of the GenCo Assets, at a percentage ratio that is proportional to its Ownership Interest in the GenCo Assets.

  • In that case or where a player fails to arrive at all, that player's tie and all lower ties will be forfeit.

  • The Restructured Participation Agreement will provide Seller with certain rights and interests with respect to management and operation of the GenCo Assets to be agreed upon by the Parties.


More Definitions of Genco Assets

Genco Assets has the meaning assigned to that term in Section 1.15 of the Separation Agreement.
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Genco Assets means all assets primarily used in connection with the generation of electric power by the San Xxxx Project.
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Genco Assets means all of the generation assets (as that term is defined in Section 39.251 of the Utilities Code) of TXU Electric, including, without limitation, the real and personal property, contract rights and other assets conveyed to a member of the Genco Group pursuant to the Genco Separation Documents (including any such assets that may be further conveyed to a member of the Genco Group after the Separation Date pursuant to Section 6.2(a) hereof) and any asset acquired by any member of the Genco Group after the Separation Date. For purposes of this definition, any asset that relates to the Genco Business, but was inadvertently transferred to a member of a Group other than the Genco Group, shall be and become part of the "Genco Assets" for all purposes on the Separation Date.
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Related to Genco Assets

  • SpinCo Assets shall have the meaning set forth in Section 2.2(a).

  • Parent Assets means all Assets of either Party or the members of its Group as of the Effective Time, other than the SpinCo Assets, it being understood that, notwithstanding anything herein to the contrary, the Parent Assets shall include:

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

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

  • 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”).

  • Retained Subsidiaries means all Subsidiaries of Sellers and their respective direct and indirect Subsidiaries, as of the Closing Date, other than the Purchased Subsidiaries.

  • 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).

  • 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.

  • Excluded Equity Interests means (a) any Equity Interests with respect to which, in the reasonable judgment of the Administrative Agent and the Borrower, the cost or other consequences of pledging such Equity Interests in favor of the Secured Parties under the Security Documents shall be excessive in view of the benefits to be obtained by the Secured Parties therefrom, (b) solely in the case of any pledge of Equity Interests of any Foreign Subsidiary or FSHCO (in each case, that is owned directly by the Borrower or a Guarantor) to secure the Obligations, any Equity Interest that is Voting Stock of such Foreign Subsidiary or FSHCO in excess of 65% of the Voting Stock of such Subsidiary, (c) any Equity Interests to the extent the pledge thereof would be prohibited by any Requirement of Law, (d) in the case of (i) any Equity Interests of any Subsidiary to the extent the pledge of such Equity Interests is prohibited by Contractual Requirements existing on the Closing Date or at the time such Subsidiary is acquired (provided that such Contractual Requirements have not been entered into in contemplation of such Subsidiary being acquired), or (ii) any Equity Interests of any Subsidiary that is not a Wholly owned Subsidiary at the time such Subsidiary becomes a Subsidiary, any Equity Interests of each such Subsidiary described in clause (i) or (ii) to the extent (A) that a pledge thereof to secure the Obligations is prohibited by any applicable Contractual Requirement (other than customary non-assignment provisions which are ineffective under the Uniform Commercial Code or other applicable Requirements of Law), (B) any Contractual Requirement prohibits such a pledge without the consent of any other party; provided that this clause (B) shall not apply if (1) such other party is a Credit Party or a Wholly owned Subsidiary or (2) consent has been obtained to consummate such pledge (it being understood that the foregoing shall not be deemed to obligate the Borrower or any Subsidiary to obtain any such consent)) and only for so long as such Contractual Requirement or replacement or renewal thereof is in effect, or (C) a pledge thereof to secure the Obligations would give any other party (other than a Credit Party or a Wholly owned Subsidiary) to any Contractual Requirement governing such Equity Interests the right to terminate its obligations thereunder (other than customary non-assignment provisions that are ineffective under the Uniform Commercial Code or other applicable Requirement of Law), (e) the Equity Interests of any Immaterial Subsidiary (unless a security interest in the Equity Interests of such Subsidiary may be perfected by filing an “all assets” UCC financing statement) and any Unrestricted Subsidiary, (f) the Equity Interests of any Subsidiary of a Foreign Subsidiary or FSHCO, (g) any Equity Interests of any Subsidiary to the extent that the pledge of such Equity Interests would result in material adverse tax consequences to the Borrower or any Subsidiary as reasonably determined by the Borrower, (h) any Equity Interests set forth on Schedule 1.1(b) which have been identified on or prior to the Closing Date in writing to the Administrative Agent by an Authorized Officer of the Borrower and agreed to by the Administrative Agent and (i) Margin Stock.

  • Existing Equity Interests means any Equity Security, including all issued, unissued, authorized, or outstanding shares of capital stock and any other common stock, preferred stock, limited liability company interests, and any other equity, ownership, or profit interests of Mariposa Intermediate, including all options, warrants, rights, stock appreciation rights, phantom stock rights, restricted stock units, redemption rights, repurchase rights, convertible, exercisable, or exchangeable securities, or other agreements, arrangements, or commitments of any character relating to, or whose value is related to, any such interest or other ownership interest in Mariposa Intermediate, whether or not arising under or in connection with any employment agreement and whether or not certificated, transferable, preferred, common, voting, or denominated “stock” or a similar security.

  • Divestiture Assets means all of Defendants’ rights, titles, and interests in and to:

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

  • Included Assets has the meaning in Section 5.1(d)(ii)(A).

  • Contributed Assets shall have the meaning as set forth in Section 2.2.

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

  • Spinco Subsidiaries means all direct and indirect Subsidiaries of Spinco immediately following the Contribution.

  • Transferred Equity means the equity interest in the Company which the WFOE has the right to request either of the Company Shareholders to transfer to it or its designated entity or individual in accordance with Article 3 hereof when the WFOE exercises its Equity Transfer Option, the quantity of which may be all or part of the Option Equity and the specific amount of which shall be determined by the WFOE at its sole discretion in accordance with the then-effective PRC Law and based on its commercial consideration.

  • 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;

  • Permitted Equity Interests means common stock of the Borrower that after its issuance is not subject to any agreement between the holder of such common stock and the Borrower where the Borrower is required to purchase, redeem, retire, acquire, cancel or terminate any such common stock.

  • Permitted Assets means any and all properties or assets that are used or useful in a Permitted Business (including Capital Stock in a Person that is a Restricted Subsidiary and Capital Stock in a Person whose primary business is a Permitted Business that shall become a Restricted Subsidiary immediately upon the acquisition of such Capital Stock by the Issuer or by a Restricted Subsidiary, but excluding any other securities).

  • Assets includes present and future properties, revenues and rights of every description;

  • Subsidiary Interests means, collectively, the issued and outstanding shares of stock of the Subsidiary Debtors as of the Petition Date and any options, warrants or other contractual rights to acquire any shares of stock of the Subsidiary Debtors as of the Petition Date.

  • Transferred Business has the meaning ascribed to such term in the Separation Agreement.

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

  • Excluded Business has the meaning set forth in Section ‎9.1.1.

  • Transferred Subsidiaries shall have the meaning set forth in the Recitals.