Common use of Emission Allowances Clause in Contracts

Emission Allowances. (i) Prior to the Closing Date, Seller shall transfer or cause to be transferred into the corresponding account of the Buyers the Acid Rain Allowances as set forth in Section 7.2 of the Seller Disclosure Schedule, including such Acid Rain Allowances needed to offset Seller’s share of emissions with respect to the Facilities under the Emissions Agreement prior to the Closing Date.

Appears in 2 contracts

Samples: Asset Purchase Agreement (Dayton Power & Light Co), Asset Purchase Agreement (Dynegy Inc.)

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Emission Allowances. (i) Prior to the Closing Date, Seller shall transfer or cause to be transferred into the corresponding account of Buyer pursuant to that certain Emissions Agreement all Emission Allowances (A) allocated or issued to Seller in connection to the Buyers the Acid Rain Allowances Facility as set forth in Section 7.2 of the Seller Disclosure Schedule, including such Acid Rain Allowances Schedule or (B) otherwise needed to offset Seller’s share of emissions with respect to the Facilities Facility under the Emissions Agreement prior to the Closing Date.

Appears in 2 contracts

Samples: Asset Purchase Agreement (Dynegy Inc.), Asset Purchase Agreement (Dynegy Inc.)

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