Replacement Facilities definition
Examples of Replacement Facilities in a sentence
In connection with the syndication of the Replacement Facilities, the Delayed Draw Term A Facility and/or the Term B Facility, if agreed among the Arrangers and the Company, the amount of any such facility under this Agreement (each a “Facility”) may be increased in an aggregate amount for all such Facility increases not in excess of $100,000,000.
Each Replacement Term A Lender severally and not jointly agrees, on the terms and conditions set forth in this Agreement, to make to the Company on the Replacement Facilities Effective Date, a loan in a single draw denominated in Dollars in an aggregate amount not to exceed the amount of such Replacement Term A Lender’s Replacement Term A Commitment.
It is intended that the Replacement Facilities will be implemented hereunder prior to the Acquisition Closing Date by means of the Replacement Facilities Effective Date Documentation.
Rights-of-way, which insist be acquired for Replacement Facilities and Rearrangements.
As soon as practicable, Transmission Provider shall tender to Interconnection Customer a Replacement Facilities Study, authorizing Transmission Provider, at Interconnection Customer’s expense, to perform the study.
The Replacement Facilities Study will identify estimates for cost and the time required to construct the Interconnection Facilities for the Generating Facility replacement.
Transmission Provider shall use Reasonable Efforts to complete the Replacement Facilities Study within ninety (90) Calendar Days after Transmission Provider receives the fully executed Replacement Facilities Study Agreement.
The Administrative Agent shall notify the Company, the Revolving Credit Lenders and the Replacement Term A Lenders that the conditions in this Section 4.2 have been satisfied (or waived) and of the Replacement Facilities Effective Date in writing on the date thereof, and such notice shall be conclusive and binding.
The Replacement Request will consist of an environmental study as set forth in Section 15.6.1 and may consist of three additional studies: (1) System impact study for the Replacement Request (Replacement Impact Study) as set forth in Section 15.6.2, (2) Reliability Assessment Study for the Replacement Request (Reliability Assessment) as set forth in Section 15.6.3, and (3) Facilities Study for the Replacement Request (Replacement Facilities Study) as set forth in Section 15.6.4.
For purposes of this Section 11.3, “excess proceeds” shall be any insurance proceeds not required to restore the Damaged Facilities to full operation or to complete the Replacement Facilities.