DLS Development definition
Examples of DLS Development in a sentence
Notwithstanding anything to the contrary in the DLS Development LLC Agreement or the DLS Holdings LLC Agreement, without the consent of both Dynegy and LS Power, as members of the respective DLS Companies, neither DLS Company (nor any representative of any DLS Company) shall take any action other than actions expressly contemplated by this Agreement.
As of the Effective Date, each Party releases each member of the LS Power Group and each member of the Dynegy Group from any and all Obligations such Person had, has or hereinafter may have arising out of or in connection with the DLS Development LLC Agreement and the DLS Holdings LLC Agreement prior to the Effective Date.
Dynegy and LS Power hereby agree (in their capacities as the sole members of DLS Development) that Sections 4(c)(iii) and (iv) shall constitute amendments, effective as of the Effective Date, to the DLS Development LLC Agreement and the DLS Holdings LLC Agreement.