Fuel Inventory. All coal under contract or in inventory relating to the operation of the Facilities located at or in transit to the Facilities (the “Fuel Inventory”);
Fuel Inventory. On the Closing Date, Seller shall cause the captain of each Boat to conduct a physical measurement, in gallons, of the diesel fuel onboard each Boat as of the Effective Time to the extent such fuel was purchased by Seller or the Company (the aggregate of all such amounts, the “Aggregate Fuel Inventory”). For purposes of clarification, the Aggregate Fuel Inventory shall not include any gallons of diesel fuel that were purchased directly by Seller’s or the Company’s customers.
Fuel Inventory. With respect to the fuel inventory, Purchaser and Seller have ascertained and agreed, or will ascertain and agree, upon the content of the useable and non-obsolete Jet-A fuel, avgas and motor vehicle fuel inventory which is on hand as of the date hereof and have assigned or will assign with respect thereto the dollar value for inclusion in the Inventory Portion of Purchase Price. The value of the fuel inventory items has been or will be determined based on book value (i.e., the cost which the Seller purchased such items of inventory from its suppliers).
Fuel Inventory. (a) The purchase price of the Fuel Inventory (the “Fuel Inventory Price”) shall be: (i) the amount Seller paid (or is obligated at the time of Closing to pay) to the applicable suppliers to purchase the Fuel Inventory, calculated on a weighted average method which approximates the first in, first out basis; plus (ii) applicable taxes on the Fuel Inventory paid by Seller; plus (iii) the applicable freight charges to have the Fuel Inventory delivered to the Properties. In the event any amounts that Seller is obligated at the time of Closing to pay to the applicable suppliers are not paid at Closing, Seller shall pay the same when due.
Fuel Inventory. FUEL INVENTORY" means the nuclear fuel assemblies in the reactor core, natural uranium, converted uranium, enriched uranium and any other form thereof, together with any consumable supplies and chemical and gas inventories relating to the operation of the Facilities under contract, or in inventory and located at, or in transit to, the Facilities, including Nuclear Fuel in Process.
Fuel Inventory. All Fuel Inventories and Spent Nuclear Fuel relating to the operation of the Facilities, including any uranium purchased on Seller's behalf under the agreements identified in Schedule 2.1(e) "Uranium Agreements"
Fuel Inventory. There shall be no adjustment in the Purchase Price for Fuel Inventory as of the Closing Date. However, from the Effective Date through the Closing Date, Purchaser agrees to pay those costs that are invoiced by the Operating Agent during such period for Nuclear Fuel in Process, and for uranium concentrate provided by Seller directly to the Facilities which are not invoiced by the Operating Agent. Such deliveries shall only include 70,000 pounds, 60,000 pounds, and 110,000 pounds of uranium concentrates to the Facilities in Fall 2000, Spring 2001, and Fall 2001 for reload requirements. For purposes of this SECTION 3.2(c), the price of this uranium concentrate is deemed to be $14.60/pound, $14.90/pound, and $15.20/pound, respectively. Notwithstanding the foregoing, Purchaser shall not be required to pay more than Sixteen Million Four Hundred Thousand Dollars ($16,400,000) of such costs if Seller's condition to Closing set forth in SECTION 9.4 of this Agreement and in SECTION 9.4 of the Collateral Agreement have not been satisfied by June 1, 2001. In addition, Purchaser's obligation to pay Nuclear Fuel in Process costs under this SECTION 3.2(c) will be suspended during any period in which the Closing hereunder is being prevented solely because of the condition in SECTION 9.12 not being met because (i) Purchaser is a standby purchaser under SECTION 6.13(b)(iii) and a Four Corners Closing has not occurred or (ii) a right of first refusal under the "Facilities Co-Tenancy Agreement" (as defined in the Collateral Agreement) has been exercised and the closing associated therewith has not occurred. In the event the Closing does not occur, Seller shall immediately reimburse Purchaser for all sums paid by Purchaser under this Section with interest accruing at eight percent (8%) per annum from the date(s) Purchaser pays such costs; provided, however, that if Seller has fully complied with the covenants contained in SECTION 6.3 of this Agreement and in SECTION 6.3 of the Collateral Agreement, Purchaser will agree to waive interest charges on up to Sixteen Million Four Hundred Thousand Dollars ($16,400,000) of such sums for the period from the Effective Date through May 31, 2001. For purposes of the foregoing, costs invoiced by the Operating Agent for Nuclear Fuel In Process shall be deemed to include fuel-related items customarily billed to Seller by the Operating Agent in its Request for Funds, such as related engineering services and use tax, it being agreed that dry c...
