Examples of PUC Application in a sentence
If the PUC issues an Unfavorable PUC Order or if a satisfactory PUC Approval Order is not obtained within twelve (12) months of the PUC Submittal Date, or within such longer period as Company and Seller may agree to by a written agreement (the “PUC Application Period”), Company or Seller may, by written notice delivered within one hundred eighty (180) Days of the Unfavorable PUC Order or the expiration of the PUC Application Period, declare this Agreement null and void.
No party hereto shall knowingly take, or fail to take, any action if the intent or reasonably anticipated consequence of such action or failure to act is, or would be, to cause any State PUC not to grant approval of any State PUC Application or materially delay either such approval or the consummation of the assignment of licenses and Customer Base of Sellers.
If at any time after the date of this Agreement, the PUC Application is denied in whole or in pertinent part, or a final decision and order issued by the Commission on the PUC Application is not a Commission Approval Order, then Buyer may immediately terminate this Agreement by providing prompt written notice of such termination delivered to Sellers, which notice shall include a reasonably detailed statement of the reason for such termination.
The Borrower shall have sole responsibility for, and shall timely satisfy, all terms and conditions imposed by the PUC or any other Government Authority in connection with the PUC Application or PUC Approval.
Closing is contingent upon the issuance of a decision and order by the Commission that (i) is final and reasonable and (ii) approves all of the relief requested in the PUC Application.
Diligently pursue PUC Approval and keep the Lender fully apprised of any communications received by or delivered to the PUC and any and all terms or conditions imposed, recommended or suggested by the PUC or any governmental authority with respect to the PUC Application.
Buyer and Sellers understand that lack of cooperation may result in Buyer's inability to file the PUC Application and/or a failure to receive a Commission Approval Order.
Sellers shall cooperate with Buyer’s reasonable requests for support of Buyer’s efforts to prepare and file the PUC Application and obtain the Commission Approval Order.
If the Closing shall not have occurred for any reason within any applicable consummation period relating to any State PUC's grant of any State PUC Application, and neither Purchaser nor the Sellers shall have terminated this Agreement pursuant to Section 8.1, Purchaser and Sellers shall jointly request one or more extensions of the consummation period of such grant.
Buyer shall notify Sellers in writing (the Buyer PUC Notice) within 10 Business Days of the filing date of a decision and order from the Commission finally adjudicating the PUC Application whether or not Buyer deems such decision and order to be a Commission Approval Order.