CNEG definition

CNEG means Constellation NewEnergy – Gas Division, LLC, a Kentucky limited liability company. “CNE Party” means each of CNE, CNEG, CEG, the Borrower, the Servicer and each Originator and their respective successors and assigns. For the avoidance of doubt, the term CNE Party shall not include any Person then acting as Servicer that is not an Affiliate of CNE, CNEG or CEG. “Co-Arrangers” means PNC, ▇▇▇▇▇▇, Scotia, RBC and each other Person that is or becomes a party to this Agreement in the capacity of a “Co-Arranger”. “Code” means the Internal Revenue Code of 1986, as amended. “Collateral” has the meaning set forth in Section 4.05(a). “Collection Account” means each account listed on Schedule II and maintained at a Collection Bank in the name of Borrower. “Collection Account Agreement” means with respect to each Collection Account and Lock-Box, if applicable, a valid and enforceable agreement in form and substance reasonably satisfactory to the Agent, among the Borrower, the Servicer, the Agent and any Collection Bank, whereupon the Borrower, as sole owner of the related Collection Account and the customer of the related Collection Bank in respect of such Collection Account, shall transfer to the Agent exclusive dominion and control over and otherwise perfect a first-priority security interest in, such Collection Account and the cash, instruments or other property on deposit or held therein.
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CNEG means CNEGH Holdings, LLC, a Subsidiary of Borrower.
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Examples of CNEG in a sentence

  • Without limiting the other provisions of this section 3, Customer will use commercially reasonably efforts to advise CNEG of any known ongoing changes to Customer’s requirements (such as the closure of a Facility).

  • Furthermore, CNEG may make such other disclosures to third parties of information, including aggregate consumption data, provided they are in a manner that cannot be reasonably expected to specifically identify Customer.

  • Customer’s signature on this Master Agreement constitutes Customer’s written authorization for CNEG to obtain from time to time from the applicable Utility all current and historical natural gas billing, usage data and other related information.

  • Customer may assign all its rights and obligations under this Agreement; provided (a) it gives CNEG forty-five (45) days prior written notice of its intent to do so; (b) the assignee satisfies in full CNEG’s credit requirements; (c) the assignee assumes in writing all of Customer’s obligations under the Agreement; and (d) Customer continues to be liable for performance, including payment for goods and services received, prior to the assignment date.

  • Customer acknowledges and agrees that the Utility is exclusively responsible for the gas distribution and delivery system, that CNEG has no independent control over the Utility’s systems and will have no liability for any of the Utility’s acts or omissions.

  • During OFOs, CNEG must increase or decrease nominations, as appropriate, to avoid penalties.

  • CNEG shall sell and supply, and Customer shall purchase and receive, the Contract Quantity for each Facility identified in a TC or Rider.

  • Further, if Customer is the Defaulting Party, then CNEG may, without waiving any rights or remedies it may have, to the extent applicable, remove Customer from CNEG’s managed balancing and/or storage pools and/or apply any storage balance at prevailing market prices as an offset against the amount owed to CNEG by Customer.

  • CNEG may disclose information respecting Customer to third parties that are representing Customer in the purchase of gas or related services.

  • CUSTOMER ACKNOWLEDGES AND AGREES THAT NO WARRANTY, DUTY, OR REMEDY, WHETHER EXPRESSED, IMPLIED, OR STATUTORY, IS GIVEN OR INTENDED TO ARISE OUT OF THIS AGREEMENT EXCEPT AS OTHERWISE EXPRESSLY STATED HEREIN, AND CNEG SPECIFICALLY DISCLAIMS ALL OTHER WARRANTIES, EXPRESSED OR IMPLIED, INCLUDING ANY WARRANTY OF MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE OR USE.