Nuclear Decommissioning Trust definition

Nuclear Decommissioning Trust means the Nuclear Decommissioning Trust established by the Borrower to fund the future decommissioning of nuclear power facilities operated by the Borrower.

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Nuclear Decommissioning Trust means an external and irrevocable trust created for the purpose of funding decommissioning obligations for a nuclear generating unit, consistent with federal Nuclear Regulatory Commission requirements.

Nuclear Decommissioning Trust means an external

Examples of Nuclear Decommissioning Trust in a sentence

Use the Credit Extensions for general corporate purposes, provided that (i) $100 million of the Aggregate Commitments shall be reserved solely to provide funds to the Nuclear Decommissioning Trust and (ii) in no event shall the Credit Extensions be used in contravention of any Law.
Buyer shall not amend the Post-Closing Nuclear Decommissioning Trust Agreement at any time before or after the Closing Date to modify the provisions set forth in Exhibit L without the prior written consent of Seller, which consent shall not be unreasonably withheld.
Until Closing, Seller shall manage and invest the Nuclear Decommissioning Trust Funds in accordance with and pursuant to the requirements, terms and conditions set forth in the Nuclear Decommissioning Trust and applicable Law and consistent with current and past practices.
The Trustee shall make available a Nuclear Decommissioning Trust expert to present to the San Diego Gas & Electric Nuclear Decommissioning Trust Fund Committee up to twice a year.
The Nuclear Decommissioning Trust Funds and the Additional Decommissioning Funds are the sole and exclusive trusts, funds or accounts in which Seller maintains any deposits or reserves for nuclear decommissioning costs, liabilities or expenses.
Seller funds the Nuclear Decommissioning Trust Funds and Additional Decommissioning Funds by making annual deposits to the same, which deposits are funded from Seller’s revenues derived from the sale of power and energy to its Participants.
Section 3.1.14 of Seller’s Disclosure Schedule sets forth the value of each Nuclear Decommissioning Trust Fund as of December 31, 2013.
These amounts are reflected in the Consolidated Balance Sheets as Nuclear Decommissioning Trust Funds (asset).
Use the proceeds of the Loans for general corporate purposes, provided that (i) $200 million of the Aggregate Commitments shall be reserved solely to provide funds to the Nuclear Decommissioning Trust and (ii) in no event shall the proceeds of the Loans be used in contravention of any Law.
Customer shall not be deemed to be in breach or default of this Agreement or be required to pay interest or late charges for delay in payment by reason of such provisions of the Lease Agreement and the Post-Closing Nuclear Decommissioning Trust.

More Definitions of Nuclear Decommissioning Trust

Nuclear Decommissioning Trust means the Decommissioning Trust Agreement, dated as of June 28, 1990 and effective as of June 29, 1990, between North Carolina Eastern Municipal Power Agency and U.S. Bank National Association (as successor to Wachovia Bank & Trust Company, N.A.), as Trustee, that has been established and is maintained by Seller pursuant to regulations promulgated by the NRC in order to fund Seller’s share of the radiological decommissioning costs for the ▇▇▇▇▇▇ Plant, the Brunswick 1 Plant and the Brunswick 2 Plant.

Nuclear Decommissioning Trust means an external and irrevocable trust created for the purpose of funding decommissioning obligations for a nuclear generating unit.