Decommissioning Process definition

Decommissioning Process. The following provisions shall apply to the Decommissioning of the Northern Pass Transmission Line unless a Subsequent Use has occurred: (a) Owner shall complete the Decommissioning of the Northern Pass Transmission Line in accordance with the Decommissioning Plan, unless otherwise required by Applicable Law. (b) In connection with the Decommissioning of the Northern Pass Transmission Line, Owner shall (ii) use commercially reasonable efforts to sell the Project Assets (other than the Project Assets acquired by Purchaser pursuant to Section 3.5(a)(iii)) at their fair market value to one or more third parties (which may include Affiliates of Owner) and (iii) credit the proceeds of such sale, net of reasonable fees (including attorneys' fees) and other expenses (including storage costs) incurred by Owner in connection with such sale (the "Salvage Proceeds") against the Decommissioning Costs, and to the extent the Salvage Proceeds exceed the Decommissioning Costs, against other amounts owed to Owner by Purchaser under this Agreement. For the avoidance of doubt, no Project Asset acquired by Purchaser pursuant to Section 3.5(a)(iii) shall generate any Salvage Proceeds. (c) Owner shall draw upon the Decommissioning Fund on a monthly basis for its actual Net Decommissioning Costs. The Decommissioning Fund shall be administered in all other respects consistent with the terms and conditions established by the Management Committee for the Decommissioning Fund. (d) In the event Owner's draws upon the Decommissioning Fund for its actual Net Decommissioning Costs shall have exhausted the Decommissioning Fund prior to the completion of Decommissioning, Owner shall thereafter invoice Purchaser on a monthly basis (unless another interval shall have been agreed by the Parties or approved by the Management Committee) for Owner's actual Net Decommissioning Costs thereafter incurred until the Decommissioning has been completed. Owner shall submit such invoices to Purchaser (in reasonable detail to evidence the basis for individual ▇▇▇▇▇▇▇▇ and charges), and Purchaser shall pay the amounts set forth in such invoices, in each case, in a manner consistent with Section 14.1 (unless another manner shall have been agreed by the Parties or approved by the Management Committee). Purchaser's payment of any amounts set forth in such invoices (i) shall not be deemed to be an acceptance or approval by Purchaser of the correctness or prudency of the costs reflected therein (provided that ...
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Examples of Decommissioning Process in a sentence

  • During the Decommissioning Process, Tenant shall be required to pay for all utilities used in the Original Premises.

  • If the Decommissioning Process has not been completed within 120 days after the Substitute Premises Commencement Date (the “Outside Decommissioning Date”), then, during the period from the Outside Decommissioning Date to the date Tenant completes the Decommissioning Process, Tenant shall be required to pay Base Rent and Tenant’s Share of Direct Expenses for the Original Premises at the rate applicable immediately prior to the Substitute Premises Commencement Date.

  • During the Decommissioning Process, Tenant shall have the right, upon reasonable prior notice to Landlord, and accompanied by Landlord or a Landlord representative, to access the Original Premises as reasonably required to complete such Decommissioning Process.

  • The existing Decommissioning Process described in the letter agreement dated October 13, 2005, shall be deleted and replaced with the following: Beginning October 1, 2006, AOL will provide Level 3 with a non-binding, rolling 90-day forecast of the forecasted quantity of ports needed by AOL for delivery by Level 3 in each “Market” (as such Markets are identified in Exhibit C hereto).

  • Notwithstanding the foregoing, Landlord acknowledges that following the Substitute Premises Commencement Date, Tenant will be required to close or transfer certain permits and licenses and decommission the Original Premises and to receive written closure from the applicable governmental agencies as required by applicable laws (the "Decommissioning Process").

  • If another DIRECTV MDU operator or DIRECTV obtains a Right of Entry approved by DIRECTV, DIRECTV will begin the property Decommissioning Process.

  • Tenant will be required to close all applicable permits and licenses (including without limitation, any radiation license) and complete the decommissioning process for the 169 Building as certified by a qualified third party industrial hygienist, and receive written closure from the applicable governmental agencies as required by applicable laws (the "Decommissioning Process").

  • During the Decommissioning Process, Tenant shall have the right to access the Original Premises as reasonably required to complete such Decommissioning Process and in accordance with Section 3.1. During the Decommissioning Process, Tenant shall be required to pay for all utilities actually used by Tenant in the Original Premises.

  • A decommissioning guidance documents (NUREG-1757), “Consolidated Decommissioning Guidance: Decommissioning Process for Materials Licensees” provides guidance to NRC staff reviewers for the decommissioning process for material licensees, the characterization, survey, and determination of radiological criteria and financial assurance, recordkeeping and timeliness.

  • Landlord and Tenant hereby agree that, subject to the terms and conditions of Section 1 above, and conditioned upon the performance by the parties of the provisions of this Agreement, the Lease shall terminate and be of no further force or effect with respect to the 169 Building as of the date (the “Termination Date”), that is the later of (i) June 30, 2015, and (ii) the date that Tenant has completed the Decommissioning Process, as defined in Section 3, below.