Genco Option definition
Examples of Genco Option in a sentence
Genco Option Agreement" means the Texas Genco Option Agreement dated as of December 31, 2000 between REI and Resources.
Genco Public Ownership Event" has the meaning assigned to that term in the Genco Option Agreement.
Members of the REI Group may advance funds to or borrow funds from members of the Resources Group from time to time at market-based rates; provided, however, that except as provided in the Genco Option Agreement, no member of the REI Group or the Resources Group shall have any obligation to do so.
It is recognized and understood that high levels of cooperation and assistance will be required between members of the REI Group and the Resources Group in connection with Regulatory Proceedings necessary to implement the Separation and the Business Separation Plan approved by the PUCT and all matters relating to the Genco Option.
Genco Option" means the "Option" as defined in the Genco Option Agreement.
It is recognized and understood that high levels of cooperation and assistance will be required between members of the CenterPoint Group and the Genco Group in connection with Regulatory Proceedings necessary to implement the Genco Distribution and the Business Separation Plan approved by the PUCT and all matters relating to the Genco Option.
Members of the CenterPoint Group may advance funds to or borrow funds from members of the Genco Group from time to time at market-based rates; provided, however, that except as provided in the Genco Option Agreement, no member of the CenterPoint Group or the Genco Group shall have any obligation to do so.
In the event that any Genco Asset is sold or otherwise disposed of other than through exercise of the Genco Option, Services shall no longer be provided with respect to the Genco Asset that is sold or otherwise disposed of and the charges for services shall be adjusted to take the same into account.
In addition to and without limiting the scope of any restrictions arising under Section 3.6 of the Genco Option Agreement, following the Genco Distribution Date, without the prior consent of CenterPoint, Genco shall not issue any stock of Genco or any securities, options, warrants or rights convertible into or exercisable or exchangeable for stock of Genco.
Notwithstanding the foregoing, if the Genco Option is not exercised prior to the Option Expiration Date, Receiving Company may extend the term of this Agreement until December 31, 2005 (or such earlier time as Genc▇ ▇▇ ▇▇ all or substantially all of the Genco Assets are disposed of as provided in clause (ii) of the preceding sentence).