Application of Shareholder Support Sample Clauses

Application of Shareholder Support. (A) Any Shareholder Support shall be applied by Electrabel or NuclearSub (as applicable) in settlement of the Relevant O&M Obligation in respect of which the Shareholder Support has been demanded and which remains due and payable at the time of receipt of such Shareholder Support and its application. (B) Any Shareholder Support not so applied within 10 (ten) Business Days of receipt by Electrabel or NuclearSub shall be reimbursed within 20 (twenty) Business Days of such receipt by the entity that received such Shareholder Support. All payments that may be due from Electrabel or NuclearSub shall be calculated and be made without (and free and clear of any deduction for) set-off or counterclaim.