Steam Host definition

Steam Host means Hercules Incorporated and its successor and permitted assigns. "Steam Host Employment Incentive Component" shall mean, in each month and for each MWh of Contract Energy delivered hereunder during the Steam Host Employment Incentive Period, an amount equal to $0.74 per MWh of Contract Energy delivered during such period; provided, however, (a) with respect to any month during which the Second Component (as defined in the Termination Agreement) is reduced by either 20% or 50% due to a "Cessation of Operations" (as defined in Section 3.2 of the Termination Agreement), the Steam Host Employment Incentive Component shall be reduced by the same percentage and (b) with respect to any month during which payment of the Monthly Employment Incentive Payment (as defined in the Termination Agreement) is not paid by NJEA due to a "Cessation of Operations" (which is subject to cure within specified time periods) pursuant to Section 3.2 of the Termination Agreement, the Steam Host Employment Incentive Component shall equal zero for such month. "Steam Host Employment Incentive Period" means the period beginning on January 1, 2004 and ending on the earlier of (i) December 31, 2007 or (ii) the date before December 31, 2007 on which NJEA's obligation to pay to Steam Host the "Monthly Employment Incentive Payments" under Section 2.2(a) of the Termination Agreement is permanently and irrevocably eliminated due to the occurrence of a "Cessation of Operations" that has not been cured within one hundred and eighty-three (183) days from the inception thereof, as may be extended for force majeure for up to an additional one hundred and eighty (180) days. A "Cessation of Operations" shall be deemed to have occurred at either the Hercules Facility or the Nitrocellulose Facility on the 30th consecutive calendar day on which (i) the number of full-time employees (A) at the Hercules Facility, falls below forty (40) or (B) at the Nitrocellulose Facility, falls below one hundred (100) during calendar years 2004 and 2005, ninety (90) during calendar year 2006, or eighty (80) during calendar year 2007 or any year thereafter (if applicable) or (ii) there has been a cessation of substantially all of the manufacturing and production operations at either such Facility. For the avoidance of doubt, in no event shall the Steam Host Employment Incentive Period end prior to the date on which NJEA is permanently and irrevocably relieved of its obligation to make any "Monthly Employment Incentive...
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Steam Host means Patch Rubber Company, a North Carolina corporation, and its successors and permitted assigns, as “Host” under the Energy Services Agreement.
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Steam Host. Brandywine Water Company, a corporation organized under the laws of the State of Delaware.
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Examples of Steam Host in a sentence

  • NJEA shall use commercially reasonable efforts to obtain information and certifications required to be provided by the Steam Host under the terms of the Termination Agreement relating to a "Cessation of Operations" (as defined therein) that may affect the Steam Host Employment Incentive Component payable hereunder and shall provide any such information to JCP&L within ten (10) business days of receipt thereof.

  • Notwithstanding anything in this Amendment or the Original Agreement to the contrary, the determination of whether a Cessation of Operations has occurred at the Steam Host Facility or the Nitrocellulose Facility and the duration of such Cessation of Operation or Cessation of Operations for purposes of calculating the Steam Host Incentive Component and the Steam Host Incentive Period shall be made by NJEA after consultation with JCP&L.

  • For the avoidance of doubt, in no event shall the Steam Host Employment Incentive Period end prior to the date on which NJEA is permanently and irrevocably relieved of its obligation to make any "Monthly Employment Incentive Payments" (or portion thereof) to the Steam Host under the Termination Agreement.

  • The following new definitions shall be added, in alphabetical order, to Section 1.1: "Steam Host" means Hercules Incorporated and its successor and permitted assigns.

  • The Termination Payment due for termination effective under this Section 7.1 shall be equal to the sum of items (i) - (v), below, less an amount equal to the balances in the Steam Host Escrow Accounts, which shall be released to Seller.

  • The Partnership shall comply, and shall cause the Steam Host to comply, in all material respects with the Distilled Water Facility Business Plan.

  • Borrower shall not notify Steam Host of the EWG Effective Date pursuant to Section 2.4(a) of the Energy Services Agreement without first obtaining the written consent of the Majority Lenders.

  • The Steam Host shall have executed and delivered to Borrower a certificate, in form and substance reasonably satisfactory to Agent, not earlier than 15 days prior to the Tranche A Conversion Date, attesting that the Energy Services Agreement is in full force and effect, that the Rova I Initial Delivery Date has been achieved and as to such other matters as Agent may reasonably require.

  • The Steam Host shall have executed and delivered to Borrower a certificate, in form and substance reasonably satisfactory to Agent, not earlier than 15 days prior to the Tranche B Conversion Date, attesting that the Energy Services Agreement is in full force and effect, that the Rova II Initial Delivery Date has been achieved and as to such other matters as Agent may reasonably require.

  • Energy Purchase Agreement, dated December 18, 1989, between the Steam Host and the Borrower.


More Definitions of Steam Host

Steam Host. Camden Paperboard Corporation, a New Jersey corporation.
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Steam Host has the meaning set forth in the preamble of this Agreement.
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Related to Steam Host

  • ATC means a measure of the transfer capability remaining in the physical transmission network for further commercial activity over and above already committed uses.

  • Host means any plant or animal on or in which another lives for nourishment, development, or protection.

  • apron means a defined area intended to accommodate aircraft for purposes of loading or unloading passengers, mail or cargo, fuelling, parking or maintenance;

  • Renewable Energy Standard means the minimum renewable energy capacity portfolio, if applicable, and the renewable energy credit portfolio required to be achieved under section 28 or former section 27.

  • Fire alarm system means a system designed to detect and annunciate the presence of fire, or by-products of fire. Fire alarm system includes smoke detectors.

  • Infrastructure means infrastructure serving the County and improved or unimproved real estate and personal property, including machinery and equipment, used in the operation of the Project, within the meaning of Section 4-29-68 of the Code.

  • Winter Season means the period commencing on November 1 of any year and ending on the next succeeding March 31.

  • Playground means a public outdoor recreation area for children, usually equipped with swings, slides, and other playground equipment, owned and/or managed by a city, county, state, or federal government.

  • Renewable energy system means a fixture, product, device, or interacting group of fixtures, products, or devices on the customer's side of the meter that use 1 or more renewable energy resources to generate electricity. Renewable energy system includes a biomass stove but does not include an incinerator or digester.

  • cogeneration means the simultaneous generation in one process of thermal energy and electrical or mechanical energy;