NRC Approvals definition

NRC Approvals means, in respect of each Purchaser, the consent of the NRC pursuant to Section 184 of the Atomic Energy Act and 10 C.F.R. ss. 50.80 to the transfer of the Purchased Assets from Seller to such Purchaser, NRC approval of all conforming administrative license amendments associated with such transfer, NRC consent to the transfer of, and approval of any related amendments to, any Nuclear Materials licenses associated with such transfer and any other reviews or approvals required under the Nuclear Laws in connection with the consummation of the applicable Transactions.
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NRC Approvals means the consent of the NRC pursuant to Section 184 of the Atomic Energy Act and 10 C.F.R. section 50.80 to the transfer of DLC's undivided ownership interests in Beaver Valley ▇▇▇▇ ▇ ▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇ ▇ to Penn Power, DLC's undivided ownership interest in Perry to CEIC, and DLC's operating responsibility for Beaver Valley to FENOC, NRC approval of all conforming administrative license amendments associated with such transfers, NRC consent to the transfer of, and approval of any related amendments to, any nuclear materials licenses associated with such transfers and any other NRC reviews or approvals required in connection with the consummation of the transactions contemplated by this Agreement.
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NRC Approvals means the orders issued by the NRC that (i) approve the transfer of Seller's ownership licenses, Renewed License DPR-71 for Brunswick Steam Electric Plant, Unit 1, Renewed License DPR-62 for Brunswick Steam Electric Plant, Unit 2, and Renewed License NPF-63 for ▇▇▇▇▇▇▇ ▇▇▇▇▇▇ Nuclear Power Plant, Unit 1, to Purchaser and (ii) authorize the distribution of the Nuclear Decommissioning Trust Funds to or for the benefit of Purchaser in accordance with the terms of the Nuclear Decommissioning Trust.
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Examples of NRC Approvals in a sentence

  • Purchaser shall have received evidence reasonably satisfactory to Purchaser that, in addition to the NCUC Approvals, the FERC 203 Approval, the FERC 205 Approvals, the FERC Accounting Approval and the NRC Approvals, all other Required Consents have been duly obtained and are in full force and effect, shall not have been reversed, stayed, enjoined, set aside, annulled or suspended, and shall not have imposed or required any condition or modification unacceptable to Purchaser.

  • The NRC Approvals shall have been duly obtained and be in full force and effect and shall not have been reversed, stayed, enjoined, set aside, annulled or suspended.

  • Seller and PECO shall respond promptly to any requests for additional information made by the NRC, cooperate in connection with any presentation or proceeding associated with such PECO NRC Applications and use their respective Commercially Reasonable Efforts to cause the PECO NRC Approvals to be obtained at the earliest practicable date after the date of filing.

  • The Parties shall respond promptly to any requests for additional information made by the NRC, cooperate in connection with any presentation or proceeding associated with the NRC application and use their respective best efforts to cause such NRC Approvals to be obtained at the earliest possible date after the date of filing.

  • Seller and PECO each shall bear its own costs relating to the PECO NRC Applications and shall pay one-half of all NRC fees payable in connection with the PECO NRC Applications and the PECO NRC Approvals, provided that, notwithstanding the foregoing, PECO shall, at its sole expense, comply with all conditions and requirements imposed by the NRC relating to the amount, including the sufficiency and adequacy, of the Decommissioning Funds and similar such external trust funds of PECO.

  • The NRC Approvals shall have been duly obtained and be in full force and effect, shall not have been reversed, stayed, enjoined, set aside, annulled or suspended, and shall not have imposed or required any condition or modification unacceptable to Purchaser.

  • Seller and PSEG each shall bear its own costs relating to the PSEG NRC Applications and shall pay one-half of all NRC fees payable in connection with the PSEG NRC Applications and the PSEG NRC Approvals, provided that, notwithstanding the foregoing, PSEG shall, at its sole expense, comply with all conditions and requirements imposed by the NRC relating to the amount, including the sufficiency and adequacy, of the Decommissioning Funds and similar such external trust funds of PSEG.

  • Seller and PSEG shall respond promptly to any requests for additional information made by the NRC, cooperate in connection with any presentation or proceeding associated with such PSEG NRC Applications and use their respective Commercially Reasonable Efforts to cause the PSEG NRC Approvals to be obtained at the earliest practicable date after the date of filing.


More Definitions of NRC Approvals

NRC Approvals means the approvals necessary to implement the Amended Decommissioning Plan and this Plan, to be issued by the NRC not later than thirty (30) days after the Confirmation Date, including, without limitation, approvals (if forthcoming) of (a) all required NRC License amendments, (b) the transfer of the NRC License to FMRI, (c) the exemption of Reorganized Fansteel and FMRI from standard financial assurance requirements, and (d) the extension of time for FMRI to complete decommissioning of the Muskogee Facility, such approvals to be effective upon issuance, notwithstanding the filing or granting of any request for hearing or petition for leave to intervene related to such approvals, in accordance with 10 C.F.R. 2.1205(m) and 2.1316(a).
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NRC Approvals means the consent of the NRC pursuant to Section 184 of the Atomic Energy Act and 10 C.F.R. section 50.80 to the transfer of the Purchased Assets to Buyer, NRC approval of all conforming administrative license amendments associated with such transfers, NRC consent to the transfer of, and approval of any related amendments to, any nuclear materials licenses associated with such transfers and any other NRC consents and approvals required in connection with the consummation of the transactions contemplated by this Agreement.
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Related to NRC Approvals

  • Project Approvals means all approvals, consents, waivers, orders, agreements, authorizations, permits and licenses required under Applicable Laws or under the terms of any restriction, covenant, easement or agreement affecting all or any applicable Phase of the Project, or otherwise necessary or desirable for the ownership, acquisition, construction, development, equipping, use or operation of the Project.

  • CPUC Approval means a final and non-appealable order of the CPUC, without conditions or modifications unacceptable to the Parties, or either of them, which contains the following terms:

  • Approvals means the permits, clearances, licenses and consents as are listed in Schedule 3 hereto and any other statutory approvals.

  • Governmental Approvals means all authorizations, consents, approvals, licenses and exemptions of, registrations and filings with, and reports to, all Governmental Authorities.

  • Required Consents has the meaning set forth in Section 5.5(a).