Nonqualified Decommissioning Funds definition

Nonqualified Decommissioning Funds means the external trust funds that do not meet the requirements of Code Section 468A or Treas. Reg. ss. 1.46A-5, maintained by the Sellers with respect to the Facility prior to a Closing pursuant to such Seller's Decommissioning Trust Agreement.
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Nonqualified Decommissioning Funds means the external trust funds that do not meet the requirements of Code Section 468A or Treas. Reg. Section 1.46A- 5, maintained by the Sellers with respect to the Facility prior to a Closing pursuant to such Seller's Decommissioning Trust Agreement.
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Nonqualified Decommissioning Funds means the external trust fund that does not meet the requirements of Code Section 468A and Treas. Reg. section 1.468A-5, maintained by NMPC with respect to the Facilities prior to the Closing pursuant to the NMPC Decommissioning Trust Agreement, and in the case of NYSEG, RG&E and CHGEC, the assets to be transferred to the Trustee under the Post-Closing Decommissioning Trust Agreement pursuant to Section 6.12 even though such assets may not be held in trust prior to Closing, and maintained by the Trustee after the Closing pursuant to the Post-Closing Decommissioning Trust Agreement to the extent assets are transferred to such trust pursuant to Section 6.12.
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Examples of Nonqualified Decommissioning Funds in a sentence

  • Each of the Company’s Nonqualified Decommissioning Funds is a trust validly existing and in good standing under the laws of the jurisdiction of its formation with all requisite authority to conduct its affairs as it now does.

  • Efforts to obtain a private letter ruling from the IRS prior to the DLC Nuclear Closing Date substantially to the effect that Penn Power shall not recognize any gain or otherwise take into account any income for federal income tax purposes by reason of the transfer of the assets of the Beaver Valley Unit 2 Nonqualified Decommissioning Funds.

  • Commencing on the date of this Agreement until the DLC Nuclear Closing Date, DLC shall provide (or cause the investment manager to provide) to Penn Power quarterly unaudited statements of earnings, contributions, market values, investment allocations and performance reports and such other information for the Beaver Valley Unit 1 Qualified and Nonqualified Decommissioning Funds as reasonably requested by Penn Power.

  • Efforts to obtain a private letter ruling from the IRS prior to the DLC Nuclear Closing Date substantially to the effect that Penn Power shall not recognize any gain or otherwise take into account any income for federal income tax purposes by reason of the transfer of the assets of the Beaver Valley Unit 1 Nonqualified Decommissioning Funds.

  • Commencing on the date of this Agreement until the DLC Nuclear Closing Date, DLC shall provide (or cause the investment manager to provide) to Penn Power quarterly unaudited statements of earnings, contributions, market values, investment allocations and performance reports and such other information for the Beaver Valley Unit 2 Qualified and Nonqualified Decommissioning Funds as reasonably requested by Penn Power.

  • Each of the Company’s Nonqualified Decommissioning Funds is in full compliance with all applicable rules and regulations of any Governmental Authority having jurisdiction (including, without limitation the NRC the PaPUC, the NJBPU, the FERC and the ICC).

  • Each of Sellers' Nonqualified Decommissioning Funds is in full compliance with all applicable rules and regulations of the NRC, the PaPUC and the NJBPU.

  • Each of the Company's Nonqualified Decommissioning Funds is in full compliance with all applicable rules and regulations of any Governmental Authority having jurisdiction (including, without limitation the NRC the PaPUC, the NJBPU, the FERC and the ICC).

  • All of Genco LP’s liabilities and obligations arising in connection with the Qualified Decommissioning Fund and the Nonqualified Decommissioning Funds.

  • Each of the Company’s Nonqualified Decommissioning Funds is in full compliance with all applicable rules and regulations of any Governmental Authority having jurisdiction (including, without limitation, the NRC, the PaPUC, the NJBPU, the FERC and the ICC).


More Definitions of Nonqualified Decommissioning Funds

Nonqualified Decommissioning Funds means the nonqualified funds, as determined by the Trustee and Gxxxx XX, established and maintained under the Decommissioning Trust Agreement for decommissioning South Texas Project Uxxx Xx. 0, Xxxxx Xxxxx Project Unit No. 2 and the common facilities to which monies are contributed, which nonqualified funds are not subject to the conditions and limitations of Section 468A of the Code.
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Nonqualified Decommissioning Funds means the external trust funds that do not meet the requirements of Code Section 468A or Treas. Reg. (S) 1.468A-5, maintained by the Sellers with respect to the Facilities prior to the Closing pursuant to such Seller's Decommissioning Trust Agreement. "NRC" means the United States Nuclear Regulatory Commission, as established by Section 201 of the Energy Reorganization Act of 1974, as amended, 42 U.S.C. Section 5841, or any successor commission, agency or officer. -108-
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Nonqualified Decommissioning Funds means the external trust fund that does not meet the requirements of Code Section 468A and Treas.
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Nonqualified Decommissioning Funds. Except as set forth in Section 4.21(e) of the Companies Disclosure Letter:
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Related to Nonqualified Decommissioning Funds

  • Nonqualified Deferred Compensation Rules means the limitations or requirements of Section 409A of the Code, as amended from time to time, including the guidance and regulations promulgated thereunder and successor provisions, guidance and regulations thereto.

  • Participating Funds means those Funds that are parties to a particular repurchase transaction effected through the Joint Trading Account.

  • Participating Fund means each Fund, including, as applicable, any series thereof, specified in Exhibit A, as such Exhibit may be amended from time to time by agreement of the parties hereto, the shares of which are available to serve as the underlying investment medium for the aforesaid Contracts.

  • Nonqualified deferred compensation plan means a compensation plan described in Section 3121(v)(2)(C) of the Internal Revenue Code.

  • Matching Funds means the amount and nature of the moneys or resources to be used by the Local Political Subdivision or Nonprofit Organization for the Project. Such funds shall constitute not less than twenty-five percent (25%) of the total Cost of Project set forth in Appendix D and may consist of money by any person, any Local Political Subdivision, the State of Ohio, or the federal government or of contributions in-kind by such parties through purchase or donation of equipment, land, easements, labor, or materials necessary to complete the Project.

  • Operating Fund means a fund in which the revenues and expenditures are subject to appropriation control.

  • Deferred Compensation Account means the account maintained with respect to each Participant under the Plan. The Deferred Compensation Account shall be credited with Participant Deferral Credits and Employer Credits, credited or debited for deemed investment gains or losses, and adjusted for payments in accordance with the rules and elections in effect under Section 8. The Deferred Compensation Account of a Participant shall include any In-Service or Education Account of the Participant, if applicable.

  • Company Stock Option Plans means the Company’s 2000 Employee Stock Option Plan, 1997 Employee Stock Option Plan and 1995 Stock Option Plan, in each case as amended.

  • Investing Fund any Fund investing Cash Balances and/or Cash Collateral in an Affiliated Money Market Fund; and

  • Section 409A Deferred Compensation means compensation provided pursuant to an Award that constitutes nonqualified deferred compensation within the meaning of Section 409A.

  • Stock Option Plans means any stock option plan now or hereafter adopted by the Partnership or the General Partner.

  • Non-U.S. Benefit Plan has the meaning set forth in Section 3.20(a).

  • Participating Employer means any trade or business (whether or not incorporated) which adopts this Plan with the consent of the Company identified in the Adoption Agreement.

  • Matching Contribution Account means the separate, individual account established on behalf of a Participant to which the Matching Contributions made on such Participant's behalf are credited, together with all earnings and appreciation thereon, and against which are charged any withdrawals, loans and other distributions made from such account and any losses, depreciation or expenses allocable to amounts credited to such account.

  • Nonstatutory Stock Option means an Option not intended to qualify as an Incentive Stock Option.

  • Deferred Compensation means the Compensation elected by the Participant to be deferred pursuant to the Plan.

  • Company Stock Option Plan means each stock option plan, stock award plan, stock appreciation right plan, phantom stock plan, stock option, other equity or equity-based compensation plan, equity or other equity based award to any employee, whether payable in cash, shares or otherwise (to the extent not issued pursuant to any of the foregoing plans), or other plan or contract of any nature with any employee pursuant to which any stock, option, warrant or other right to purchase or acquire capital stock of the Company or right to payment based on the value of Company capital stock has been granted or otherwise issued.

  • Seller 401(k) Plan has the meaning set forth in Section 6(e) below.

  • Company Stock Option means any option to purchase Company Common Stock granted under any Company Stock Plan.

  • Cafeteria plan means a written plan under which all participants are employees, and the participants may choose among two or more benefits consisting of cash and qualified benefits.

  • Deferred Compensation Award means an award of Stock Units granted to a Participant pursuant to Section 11 of the Plan.

  • Participating employee means an employee whose election to participate in a Plan has been approved by the employer.

  • Safe Harbor has the meaning set forth in Section 10.2(d).