Generating Asset definition

Generating Asset means any device owned by an electrical corporation (as that term is defined in Public Utilities Code § 218) or located in the State of California used for the generation of electric energy. To be a Generating Asset, the device must have a metered output, or an administratively defined group of generating devices that may or may not have individual metered outputs, but are aggregated for performance measurement. However, for the purposes of this General Order, a Generating Asset does not include:
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Generating Asset means the plant and equipment needed to
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Generating Asset is any product that would be a Product except that one or more Purnovate Technologies were acquired from Purchaser (i.e., no longer owned by Purchaser) either directly or indirectly. The intention of this Section 1.3(c) is to insure that the Members’ Representative receive Earnout Consideration based on net sales of a Generating Asset on the same basis (i.e., whether achieving development or approval milestones or making commercial sales of any Generating Asset) whether the owner of the Purnovate Technology Generating Asset is the Purchaser or any other party.
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Examples of Generating Asset in a sentence

  • Upon the closing of a Generating Asset Transaction, the net cash proceeds thereof received by the Borrower or any of its Subsidiaries shall be used to prepay the Term Loan.

  • Memorandum of Agreement Extending Current CBA Upon Divestiture by PSNH of any Generating Asset PSNH d/b/a as Eversource Energy, NH (hereinafter referred to as “Eversource NH”) and IBEW, Local 1837 agree to extend the existing collective-bargaining agreement (CBA) for a period of two (2) two years following the divestiture by PSNH of any generating facility currently owned by Eversource NH to another entity or upon the shut-down of any generating facility currently owned by Eversource NH.

  • A Product Acquirer shall be obligated to pay Earnout Consideration on any Generating Asset as if such Product Acquirer were Purchaser.

  • The Company entered into an agreement to borrow US$550,000 (CDN$649,000) to secure the purchase of the Windridge Generating Asset in California.

  • The intention of this Section 1.3(c) is to insure that the Members’ Representative receive Earnout Consideration based on net sales of a Generating Asset on the same basis (i.e., whether achieving development or approval milestones or making commercial sales of any Generating Asset) whether the owner of the Purnovate Technology Generating Asset is the Purchaser or any other party.

  • To the extent that the winning bidder wishes to modify the operation of a Generating Asset, it will be responsible for obtaining all relevant environmental permits.

  • If the buyer expects to use any Generating Asset to make wholesale sales of electricity, it will need to file the appropriate tariffs with the FERC under Section 205.

  • The Borrower will not (i) sell, lease or otherwise transfer all or a Substantial Part of its assets during the term of this Credit Agreement, and (ii) permit any Subsidiary to transfer all or a Substantial Part of its assets to any person other than the Borrower or a wholly owned Subsidiary, provided that the Generating Asset Transaction(s) shall be permitted under this Section 10.4.2.


More Definitions of Generating Asset

Generating Asset is any product that would be a Product except that one or more Purnovate Technologies were acquired from Buyer (i.e., no longer owned by Buyer) either directly or indirectly. The intention of this Section 3(e) is to insure that Seller receives Contingent Consideration based on Net Sales of a Generating Asset on the same basis (i.e., whether achieving development or approval milestones or making commercial sales of any Generating Asset) whether the owner of the Purnovate Technology Generating Asset is Buyer or any other party.
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Related to Generating Asset

  • Stored value means monetary value that is evidenced by an electronic record.

  • Portfolio Assets means all Loan Assets owned by the Borrower, together with all proceeds thereof and other assets or property related thereto, including all right, title and interest of the Borrower in and to:

  • Underlying Asset means the object or underlying asset in a CFD which may be Currency Pairs (for FX Contracts), Equity Indices, base or precious Metals, Forwards, Commodities, Stocks, Shares Indices and Futures. It is understood that the list is subject to change and Clients must refer each time on the Trading Platform.

  • Hybrid vehicle (HV) means a vehicle equipped with a powertrain containing at least two different categories of propulsion energy converters and at least two different categories of propulsion energy storage systems.

  • Replacement Assets means (1) non-current assets that will be used or useful in a Permitted Business or (2) substantially all the assets of a Permitted Business or a majority of the Voting Stock of any Person engaged in a Permitted Business that will become on the date of acquisition thereof a Restricted Subsidiary.

  • Liquid Assets mean Borrower's cash on hand plus Borrower's readily marketable securities.