Examples of Utility Subsidiary in a sentence
For purposes of this covenant: (i) Public Utility Subsidiary means, at any particular time, a direct or indirect subsidiary of the Company that, as a substantial part of its business, distributes or transmits electric energy to retail or wholesale customers at rates or tariffs that are regulated by either a state or Federal regulatory authority.
For the avoidance of doubt, it is understood and agreed that (i) this Section 7.4 shall not relieve the Borrower from complying with Section 6.8(b) and (ii) dispositions by any Existing Utility Subsidiary of its transmission assets permitted pursuant to the Subsidiary Credit Agreements shall not constitute a disposition of all or substantially all of the assets of the Borrower.
A) Restrictive Covenants: Limitation upon Liens of Certain Subsidiaries For so long as any Notes remain outstanding, the Company will not create or incur or allow any of its subsidiaries to create or incur any pledge or security interest on any of the capital stock of a Public Utility Subsidiary held by the Company or one of its subsidiaries or a Significant Subsidiary.
FCA1 has 2 inputs: for window contacts or temperature measurement and drip tray monitoring.
The Participating Utility Subsidiary Agreement, shall be consistent with and reflect the terms and conditions of the Loan Agreement and this Agreement, and shall provide, inter alia, that the proceeds of the Loan received by the respective Project State from the Borrower shall be made available by the Project State to the respective Participating Utility on the same financial terms and conditions as apply to the Project State.