Fuel Account definition

Fuel Account has the meaning set forth in Section 7.5(e)(i) (Services Accounts – Generation Expenditures Accounts).
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Fuel Account means, individually or collectively, as the context requires, the (i) Bayou Cove Fuel Account, (ii) Big Cajun Fuel Account, (iii) Rockford I Fuel Account, (iv) Rockford II Fuel Account and/or (v) Sterlington Fuel Account set forth in Section 2.1 of the Depositary Agreement.
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Examples of Fuel Account in a sentence

  • Account Funds in the Fuel Account of each Project Company shall only be used by each Project Company to make payments for Energy Transaction Costs pursuant to the Project Company's Energy Marketing Services Agreement, provided that no Issuer Event of Default has occurred and is continuing at the time the disbursements are made (unless otherwise directed by XLCA (if XLCA is the Controlling Party) pursuant to the Common Agreement).

  • The required funding of the Fuel Account may be increased in accordance with any special stipulations in the approved and in-force fuel supply agreements for the applicable Legacy Generation Assets.

  • Until the Reserve Account is replenished, to the extent costs are incurred under clause (A) of this Section 7.6(d)(i) (Service Accounts – Reserve Account), Operator may withdraw the necessary funds from any Service Account (other than the Fuel Account) provided that, prior to any withdrawal, Operator shall provide written notice of the intended withdrawal to Administrator for its review and approval.

  • Until the Reserve Account is replenished, to the extent that Operator determines reasonable precautions and actions are necessary to comply with its obligations under this Section 5.4(a) (Safety and Security – Safety), Operator may withdraw the necessary funds from any Service Account (other than the Fuel Account); provided that, prior to any withdrawal, Operator shall provide written notice of the intended withdrawal to Administrator for its review and approval.

  • Operator shall withdraw funds from the Fuel Account only for Fuel Costs that are incurred pursuant to approved and in-effect fuel supply agreements for the Legacy Generation Assets.

  • Rates per liter will be based on Town of Devon Fleet Fuel Account and calculated quarterly as an average of the 3 months prior.

  • Thereafter, beginning in the month in which the Service Commencement Date occurs, the Fuel Account shall be replenished monthly in accordance with the procedures set forth in the PREPA-Genco-Hydroco Operating Agreement.

  • Operator shall not withdraw funds from the Fuel Account for any non-fuel costs or Fuel Costs that are not incurred pursuant to approved and executed fuel supply agreements for the Legacy Generation Assets without Administrator approval.