Final Shutdown definition

Final Shutdown means the permanent removal from operation and commercial service of the Facility.

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Final Shutdown means the earlier to occur of:

Final Shutdown means the occurrence of any of the following:

Examples of Final Shutdown in a sentence

• The Operator shall, unless a decision has been made pursuant to Section 4.1 requiring Final Shutdown of the Facility, apply all proceeds of property damage insurance received by it in respect of the Facility toward costs of repairing or replacing the Facility or any Part thereof which has been damaged (including reimbursement to the Trust if it has previously paid such costs), and any such proceeds not required for such purpose shall be distributed to the Trust.

• For purposes of clause (iii) of part (1) of this definition, Final Shutdown will be deemed to have occurred upon the earlier of (x) the written declaration of the Lessee of its intent not so to agree and (y) the expiration of such five-year period without written agreement, and pursuant to the foregoing clause (iv) of part (1), Final Shutdown will be deemed to have occurred on the day preceding the Lease Termination Date.

• For purposes of complying with the terms set forth in this Section 2.3, each party shall cooperate with and make available to the other parties and their respective representatives all information, records and data, and shall permit access to its personnel during normal business hours, as may be reasonably required in connection with the preparation and analysis of the Final Shutdown Statement and the resolution of any disputes thereunder.

• If the Investor does not notify the Company of a dispute with respect to the Final Shutdown Statement within such 60 day period, such Final Shutdown Statement will be final, conclusive and binding on the parties.

• For purposes of this definition, a Final Shutdown resulting from the occurrence of an event described in clause (5) above shall be deemed to have occurred immediately and automatically upon the decline of the water coolant within Unit 1 to a level three feet above the nuclear fuel.

• Except as otherwise provided herein, this Agreement will terminate upon the expiration or earlier termination of the Head Lease (other than with respect to the Head Lessee’s exercise of the Head Lease Purchase Option) or the Final Shutdown Date, whichever is the first to occur.

• The Final Shutdown Statement shall be prepared in accordance with the definition of “Manager Shutdown Liabilities” as set forth in this Agreement.

• For purposes of part (6) of this definition, a Final Shutdown shall be deemed to have occurred immediately and automatically upon the decline of the water coolant within Unit 1 to a level three fee above the nuclear fuel and for purposes of parts (9), (10)(y) and (11) of this definition, on the last day of the Minimum Period.

• Within 60 days following receipt by the Investor of the Final Shutdown Statement, the Investor shall deliver written notice to the Company of any dispute the Investor has with respect to the preparation or content of the Final Shutdown Statement.

• Except as otherwise provided in the definition of the term "Final Shutdown", an Event of Loss shall not occur unless.

More Definitions of Final Shutdown

Final Shutdown means the earlier to occur of (i) the expiration or revocation of the License, or any portion thereof such that the operation of Unit 1 or the possession by the Lessee of the Undivided Interest and the Real Property Interest are no longer permitted, (ii) the taking of any Governmental Action or the adoption or making of any interpretations, directives or requests 6091.100.2898.55:1 by any Governmental Authority (including, without limitation, the staff thereof) or the concurrence by any Governmental Authority in the voluntary action of the operator thereof, in each such case whether formal or informal, by reason of which Unit 1 shall cease to operate, or shall be unable under Applicable Law to resume operation, at a capacity level of a least 630 megawatts electric for the Minimum period, (iii) the cessation of operation of Unit I as a result of either (x) the occurrence of an Nuclear Occurrence or an Incipient Extraordinary nuclear Occurrence relating to Unit 1 or (y) a Nuclear Incident relating to ▇▇▇▇ ▇ and, in the case of this clause (y) the continuation of such cessation for the Minimum Period, (iv) damage to ▇▇▇▇ ▇ and the failure of the Lessee, or of the Lessee and one or more other ANPP Participants, to agree within three years of the occurrence of such damage to restore and reconstruct Unit I, (v) damage to Unit 1, without restoration or reconstruction having been completed by the expiration of the Minimum Period, such that Unit 1 has a rated capacity of at least 630 megawatts electric, or (vi) destruction of Unit 1. For purposes of this definition, Final Shutdown pursuant to the foregoing clause (iv) will be deemed to have occurred upon the earlier of (x) the written declaration of the Lessee of its intent not to agree and (y) the expiration of the 3-year period referred to in said clause (iv) without written agreement. Final Shutdown pursuant to the foregoing clause (ii), (iii) (y) or (v) will be deemed to have occurred on the last day of the Minimum Period. Financing Documents shall mean the collateral Trust Indenture, the Underwriting Agreement, the Series B Supplemental Indenture and the supplemental Indenture of Pledge.

Final Shutdown. The period specified in the foregoing clause (x)

Final Shutdown set forth in Appendix A to the Facility Lease are hereby amended to read in their entirety as set forth in Appendix A-1 hereto.

Final Shutdown contained in or appended to the Facility Lease or this Indenture. The Owner Trustee shall deliver to the Indenture Trustee a copy of each amendment to the Facility Lease whether or not the Indenture Trustee is required to consent or otherwise act with respect thereto.