BEC Group definition

BEC Group means BEC, BreitBurn Energy Holdings LLC, BEH (GP) LLC, BEH (LP) LLC and all of their respective Subsidiaries.

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BEC Group means the British Energy Combined Group of the ESPS. BET means British Energy Power and Energy Trading Limited, a company incorporated under the laws of Scotland. BET Event means the failure by BET to comply with any of its payment obligations under the Capacity and Tolling Agreement within any applicable grace period permitted thereunder save to the extent such non-compliance is (i) waived by the Borrower (with the consent of the Agent) or (ii) remedied. Bond Certificate has the meaning given to that term in the Conditions. Bondholders has the meaning given to that term under the Trust Deed.

BEC Group means, collectively, BEC, BPI and BHI.

Examples of BEC Group in a sentence

• Any notice, request, demand, claim, or other communication hereunder shall be deemed duly given if it is sent by registered or certified mail, return receipt requested, postage prepaid, and addressed to the intended recipient as set forth below: If to the Seller: BEC Group, Inc.

• All environmental studies and related documentation (including EPA "no- action" letters) regarding the real property with respect to which BEC Group, Inc.

• The BEC Group have paid all Taxes and all instalments of Taxes due on or before the date hereof.

• Except as disclosed or referred to in the Brantford Disclosure Schedule, there have been no Claims within the past three years nor, to the Knowledge of Brantford, are there any threatened complaints, under such Laws against the members of the BEC Group.

• Each member of the BEC Group is entitled to all benefits under each Material Contract, and no member of the BEC Group has received any notice of termination of any Material Contract, and there are no current or pending negotiations with respect to the renewal, repudiation or amendment of any such Material Contract.

• BreitBurn Management and the BEC Group will take all reasonably necessary or appropriate steps, (including using reasonable commercial efforts to cause its affiliates to take necessary or appropriate steps and reasonably commercial efforts to obtain applicable consents, approvals and waivers) to segregate any employee plans and the obligations thereunder such that the BEC Group will only have liability under the employee plans relating to it.

• All input tax credits claimed by each member of the BEC Group pursuant to the ETA have been proper, correctly calculated and documented.

• Each of the Parties acknowledges and agrees that the establishment of the target closing amounts set forth in Section 2.5 represent the good faith estimates of the Parties to account for the financial impacts to each member of the BEC Group and each member of the Energy Plus Group, as applicable, in connection with the effects of COVID-19 and COVID-19 Legislation and Emergency Orders on the BEC Business and the Energy Plus Business.

• No member of the BEC Group is a non-resident of Canada for purposes of the ITA.

• Cambridge and North Dumfries (acting jointly) may object to the Brantford Closing Financial Statements, the Customer Contracts Valuation in respect of the applicable member of the BEC Group and/or the Tallgrass Appraisal within the 30-day period set out in Section 2.4(h) by giving written notice to Brantford setting out in reasonable detail the nature of such objection (a “Cambridge and North Dumfries Objection”).

More Definitions of BEC Group

BEC Group means Bec and all of its Subsidiaries immediately prior to the Acquisitions and "MEMBER OF THE BEC GROUP" or "BEC GROUP COMPANY" means any of them;