Common use of Appraisal; Condition of the Facility Clause in Contracts

Appraisal; Condition of the Facility. The Owner Participant shall have received the Closing Appraisal prepared by the Appraiser addressed and delivered only to the Owner Participant in form and substance satisfactory to the Owner Participant on the Closing Date or in such form with only such changes as are acceptable to the Owner Participant. The Owner Participant shall be satisfied that the Facility shall be in the condition described in the Closing

Appears in 2 contracts

Samples: Participation Agreement (PPL Montana LLC), Participation Agreement (PPL Montana LLC)

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Appraisal; Condition of the Facility. The Owner Participant shall have received the Closing Appraisal prepared by the Appraiser addressed and delivered only to the Owner Participant related tax opinion, each in form and substance satisfactory to the Owner Participant on Participant, and the Closing Date or in such form with only such changes as are acceptable to the Owner Participant. The Owner Participant shall be satisfied that the Facility shall be in the condition described in such Closing Appraisal. AEE shall have received an appraisal from the ClosingAppraiser in form and 27 34 substance satisfactory to it and a copy of such appraisal shall be given to the Owner Participant.

Appears in 1 contract

Samples: Participation Agreement (Aes Eastern Energy Lp)

Appraisal; Condition of the Facility. The Owner Participant shall have received the Closing Appraisal prepared by the Appraiser addressed and delivered only to the Owner Participant related tax opinion, each in form and substance satisfactory to the Owner Participant on Participant, and the Closing Date or in such form with only such changes as are acceptable to the Owner Participant. The Owner Participant shall be satisfied that the Facility shall be in the condition described in such Closing Appraisal. AEE shall have received an appraisal from the ClosingAppraiser in form and substance satisfactory to it and a copy of such appraisal shall be given to the Owner Participant.

Appears in 1 contract

Samples: Participation Agreement (Aes Eastern Energy Lp)

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Appraisal; Condition of the Facility. The Owner Participant ------------------------------------ shall have received the Closing Appraisal prepared by the Appraiser addressed and delivered only to the Owner Participant in the form and substance satisfactory delivered to the Owner Participant on the Closing Effective Date or in such form with only such changes as are acceptable satisfactory to the Owner Participant. The Owner Participant shall be satisfied that the Facility shall be in the condition described in the ClosingClosing Appraisal. The Company shall have received a letter from the Appraiser with regard to the fair market value, depreciation class, and remaining useful life of the Facility.

Appears in 1 contract

Samples: Participation Agreement (Dynegy Danskammer LLC)

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