Energy Complex definition
Examples of Energy Complex in a sentence
The Consenting Party hereby acknowledges that the Energy Complex is subject to the lien of the Financing Documents.
Each of the Mobile Energy Parties has all requisite limited liability company or corporate (as the case may be) power and authority to own and operate the property it purports to own and to carry on its business as now being conducted and as proposed to be conducted in respect of the Energy Complex.
If, however First Party fails to remedy/cure the underlying Event of Default within such further period allowed, the Corporation shall be entitled to immediately terminate this Agreement by issuing Termination Notice and sell its Project facilities of the MSW to Energy Complex to the First Party, and the First Party will have to buy same within thirty (30) days, in accordance to the stipulations of 17.2(f)(i) or 17.2(f)(ii), depending on the situation.
If possession of the Energy Complex (by way of foreclosure proceedings or otherwise) is necessary to cure such breach or default, the Collateral Agent or its successor, transferee or assignee will be allowed a reasonable period to complete such proceedings or otherwise accomplish such possession; provided, that in no event shall such additional period exceed thirty (30) days.
In case of non-submission of First Party Proposal to Rectify, within the period stipulated therefore, the Corporation shall be entitled to immediately terminate this Agreement by issuing Termination Notice and sell its Project facilities of the MSW to Energy Complex to the First Party, and the First Party will have to buy same within thirty (30) days, in accordance to the stipulations of 17.2(f)(i) or 17.2(f)(ii), depending on the situation.
The Company shall, and shall cause the Operator to, use, maintain and operate the Energy Complex and the Site in compliance with Prudent Plant Operating Standards and the material provisions of all relevant Project Documents, except where noncompliance would not have a Material Adverse Effect.
The Company will subsidize, on a one time basis, a $1,000,000 funding to the Southern Illinois Electrical Retiree Welfare Plan for funding of ▇▇▇▇▇▇ Energy Complex, Local 702 Employees Retiree Medical benefits.
The Union will provide to the Company, on an annual basis, verification that all funds provided, plus interest accumulated, are used exclusively for the funding of the ▇▇▇▇▇▇ Energy Complex, Local 702 Employees’ Retiree Medical Benefits.
Neither of the Mobile Energy Parties shall engage in any business other than the ownership, financing, operation, maintenance and improvement of the Energy Complex as contemplated by the Project Documents.
The Crystal River Energy Complex includes the nuclear facility and four coal-fired generating units.