Common use of Emission Allowances Clause in Contracts

Emission Allowances. Subject to Sections 2.1(g) and 6.1(a)(ii), ------------------- Sellers hold, and will transfer to Buyer at Closing, all of their right, title and interest in, free and clear of all Encumbrances (except Permitted Encumbrances), the Emission Allowances set forth in Schedule 2.1(g). There have been no emission increases at Sunbury Station on or prior to the Closing Date for which Buyer will be required to hold or obtain Emission Reduction Credits on or after the Closing Date.

Appears in 2 contracts

Sources: Asset Purchase Agreement (WPS Resources Corp), Asset Purchase Agreement (WPS Resources Corp)