Power Assets definition

Power Assets or “Power System Assets” means all objects and rights of value owned by the Borrower or entrusted to it as agent of the United States, which are derived from or pertain to its Power Program, including, but not by way of limitation, cash and temporary investments of cash; accounts and notes receivable; inventories of materials and supplies; land, structures, machinery, and equipment; and prepaid expenses or other costs incurred for the benefit of future operations.
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Power Assets means all tangible and intangible property used in connection with the ownership and operation of electric power and cogeneration facilities, including, without limitation, related transmission lines and gas lines.
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Power Assets or “Power System Assets” shall mean all objects and rights of value owned by the Corporation or entrusted to it as agent of the United States, which are derived from or pertain to its Power Program, including, but not by way of limitation, cash and temporary investments of cash; accounts and notes receivable; inventories of materials and supplies; land, structures, machinery, and equipment; and prepaid expenses or other costs incurred for the benefit of future operations.
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Examples of Power Assets in a sentence

  • The Company holds a 35 percent interest in HMLP, with Power Assets Holdings Ltd.

  • Limited as the Trustee-Manager of Hutchison Port Holdings Trust since 2011, an Executive Director since 1985 and Chairman since 2005 of Power Assets Holdings Limited, and Chairman and an Executive Director of HK Electric Investments Manager Limited as the Trustee-Manager of HK Electric Investments and HK Electric Investments Limited since 2013.

  • INTERESTS IN ASSOCIATES (CONT’D)Summarised financial information of Power Assets Holdings Limited (“Power Assets”), the only material associate, adjusted for any differences in accounting policies and reconciled to the carrying amounts in the consolidated financial statements, are disclosed below.

  • Pursuant to the Land Leasing Agreement, Gaoxin Thermal Power would agree to lease to the Company the land use rights in respect of the land on which the Thermal Power Assets are currently located.

  • Residents of Fairfax County have many opportunities to contribute to improvements in air quality.

  • The Company and Gaoxin Thermal Power propose to enter into the Supply of Excess Electricity Agreement at Completion, pursuant to which the Company would supply electricity generated by the Thermal Power Assets which is in excess of the Group’s actual electricity consumption requirement, to Gaoxin Thermal Power for a term commencing from the date of Completion and ending on 31 December 2011 (both dates inclusive).

  • Similar to the Thermal Power Assets mentioned above, the assets of the Weiqiao First Thermal Plant do not themselves alone constitute a business or a company.

  • Completion is subject to (i) the Acquisition having been approved by the board of directors and the shareholder(s) of Gaoxin Thermal Power, the competent state assets supervision authority of Gaoxin Thermal Power and the Board, respectively; and (ii) Zouping Country government having appoved the operation of the Thermal Power Assets by the Company and the Asset Swap Agreement (if required), respectively.

  • The Board considers that (i) the entering into of the Land Leasing Agreement would allow the Company to continue utilizing the Thermal Power Assets at their existing premises; and (ii) it would not be beneficial to the Group at this stage to make substantial capital investment in acquiring the subject land.

  • The Thermal Power Assets comprise principally the buildings, machinery and equipment.


More Definitions of Power Assets

Power Assets shall have the meaning set forth in the Separation Agreement.
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Power Assets means: (i) the ownership interests (to the extent held by Duke Energy, Spectra Energy or any of their respective Affiliates immediately prior to the Effective Time) in each member of the Duke Energy Group; (ii) all Power Contracts, any rights or claims of Duke Energy, Spectra Energy, or any of their respective Affiliates, arising thereunder, and any other rights or claims or contingent rights or claims of Duke Energy, Spectra Energy, or any of their respective Affiliates, primarily relating to or arising from any other Power Asset or the Power Business; (iii) all Assets owned, leased or held by Duke Energy, Spectra Energy, or any of their respective Affiliates immediately prior to the Effective Time that are used primarily in the Power Business, including inventory, accounts receivable, goodwill, and electrical generation, transmission and distribution plants, facilities, transmission lines and equipment; (iv) the Assets associated with the retail distribution gas services business conducted by Duke Energy Ohio, LLC (f/k/a The Cincinnati Gas & Electric Company) in southwestern Ohio and Duke Energy Kentucky, LLC (f/k/a The Union Light, Heat and Power Company) in adjacent areas in Kentucky; (v) subject to ARTICLE X, any rights of any member of the Duke Energy Group under any Captive Power Policies, any Third Party Power Policies, and any Third Party Shared Policies, to the extent related to the Power Business; (vi) any Exclusive Duke Energy Contingent Gain; (vii) the Assets listed or described on Schedule 1.1(109)(vii) and any and all Assets that are expressly contemplated by this Agreement or any Ancillary Agreement as Assets to be retained by, or assigned or transferred to, any member of the Duke Energy Group; (viii) all Duke Energy Accounts, and, subject to the provisions of Section 2.5, all cash, cash equivalents, and securities on deposit in such accounts immediately prior to the Effective Time; (ix) the ownership interest held by Duke Energy or any of its Affiliates, immediately prior to the Effective Time, in Duke Project Services, Inc., Duke/Fluor Xxxxxx, Xxxx/Fluor Xxxxxx International, Duke/Fluor Xxxxxx International Services, and all other Subsidiaries of Duke Project Services, Inc. (including those listed on Annex B to Schedule 1.1(48), and all Assets of such entities; (x) any collateral securing any Power Liability immediately prior to the Effective Time; and (xi) the Campeche Companies. Notwithstanding the foregoing, the Power Assets shall not ...
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Power Assets means: (a) the Option Shares; and (b) all of the assets, rights, interests and entitlements currently held by any of Newmont Power Pty Ltd (ACN 065 116 841) and NP Kalgoorlie Pty Ltd (ACN 066 584 807) and 50% of the assets, rights, interests and entitlements currently held by Goldfields Power Pty Ltd (ACN 062 186 243), including (without limitation) all rights or interests of the Seller in the ownership or operation of the Parkeston Power Station, and any related infrastructure or facilities; and (c) a direct or indirect interest in any of the entities specified in paragraph (b).
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Power Assets means (a) the Existing Assets, (b) the Specified New Assets and (c) the Contingent Debt Instrument.
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Power Assets means the collective reference to the Existing Assets and the New Facilities.
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Related to Power Assets

  • Other Assets means any assets (or interests therein) (other than the Trust Estate) conveyed or purported to be conveyed by the Seller to another Person or Persons other than the Issuer, whether by way of a sale, capital contribution or by virtue of the granting of a lien.

  • Customer Assets means the Customer’s infrastructure, data, software, materials, assets, equipment or other property owned by and/or licensed or leased to the Customer and which is or may be used in connection with the provision of the Goods and/or Services;

  • 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).

  • Transfer Assets means both the Movable Assets and immovable assets, fully operational and functional, of the Project which are necessary or required for the performance of services and such other assets as Concessionaire procures in accordance with the provisions of this Agreement and shall specifically include all land, property and structures thereupon acquired during the term, all equipment and services, furnishings, etc. in relation to the operation of the Project, as existing on the date of Termination.

  • 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:

  • Sale Assets is defined in Section 5.2(a)(ii).

  • 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;

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

  • surplus assets means any assets of the Company that remain after paying all debts and other liabilities of the Company, including the costs of winding up.

  • Assets has the meaning set forth in Section 2.1.

  • Qualified Assets means any of the following assets: (i) interests, rights, options, warrants or convertible or exchangeable securities of the Partnership; (ii) Debt issued by the Partnership or any Subsidiary thereof in connection with the incurrence of Funding Debt; (iii) equity interests in Qualified REIT Subsidiaries and limited liability companies (or other entities disregarded from their sole owner for U.S. federal income tax purposes, including wholly owned grantor trusts) whose assets consist solely of Qualified Assets; (iv) up to a one percent (1%) equity interest in any partnership or limited liability company at least ninety-nine percent (99%) of the equity of which is owned, directly or indirectly, by the Partnership; (v) cash held for payment of administrative expenses or pending distribution to security holders of the General Partner or any wholly owned Subsidiary thereof or pending contribution to the Partnership; and (vi) other tangible and intangible assets that, taken as a whole, are de minimis in relation to the net assets of the Partnership and its 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).

  • Project Assets means all physical and other assets relating to (a) tangible assets such as civil works and equipment including foundations, embankments, pavements, road surface, interchanges, bridges, culverts, road over-bridges, drainage works, traffic signals, sign boards, kilometre-stones, [toll plaza(s)], electrical systems, communication systems, rest areas, relief centres, maintenance depots and administrative offices; and (b) Project Facilities situated on the Site;

  • Operating Assets means all merchandise inventories, furniture, fixtures and equipment (including all transportation and warehousing equipment but excluding office equipment and data processing equipment) owned or leased pursuant to Capital Leases by the Company or a Restricted Subsidiary.

  • Subject Assets is defined in Section 2.2(c).

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

  • Specified Assets the following property and assets of such Grantor:

  • 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.

  • Assets and Properties of any Person means all assets and properties of every kind, nature, character and description (whether real, personal or mixed, whether tangible or intangible, whether absolute, accrued, contingent, fixed or otherwise and wherever situated), including the goodwill related thereto, operated, owned, licensed or leased by such Person, including cash, cash equivalents, Investment Assets, accounts and notes receivable, chattel paper, documents, instruments, general intangibles, real estate, equipment, inventory, goods and Intellectual Property.

  • Single Asset Entity means a Person (other than an individual) that (a) only owns a single Property; (b) is engaged only in the business of owning, developing and/or leasing such Property; and (c) receives substantially all of its gross revenues from such Property. In addition, if the assets of a Person consist solely of (i) Equity Interests in one or more Single Asset Entities that directly or indirectly own such single Property and (ii) cash and other assets of nominal value incidental to such Person’s ownership of the other Single Asset Entity, such Person shall also be deemed to be a Single Asset Entity for purposes of this Agreement.

  • Transferred Assets means the assets, rights and properties of the Sellers that the Purchasers shall acquire as of the Closing.

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

  • Retained Contracts shall have the meaning set forth in Section 1.2(i).

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

  • Retained Subsidiaries means all of the direct and indirect Subsidiaries of Seller other than the Purchased Subsidiaries.

  • 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: