Generating Asset definition

Generating Asset means any device owned by an electrical corporation (as that term is defined in Public Utilities Code § 218) or located in the State of California used for the generation of electric energy. To be a Generating Asset, the device must have a metered output, or an administratively defined group of generating devices that may or may not have individual metered outputs, but are aggregated for performance measurement. However, for the purposes of this General Order, a Generating Asset does not include:
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Generating Asset is any product that would be a Product except that one or more Purnovate Technologies were acquired from Buyer (i.e., no longer owned by Buyer) either directly or indirectly. The intention of this Section 3(e) is to insure that Seller receives Contingent Consideration based on Net Sales of a Generating Asset on the same basis (i.e., whether achieving development or approval milestones or making commercial sales of any Generating Asset) whether the owner of the Purnovate Technology Generating Asset is Buyer or any other party.
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Generating Asset is any product that would be a Product except that one or more Purnovate Technologies were acquired from Purchaser (i.e., no longer owned by Purchaser) either directly or indirectly. The intention of this Section 1.3(c) is to insure that the Members’ Representative receive Earnout Consideration based on net sales of a Generating Asset on the same basis (i.e., whether achieving development or approval milestones or making commercial sales of any Generating Asset) whether the owner of the Purnovate Technology Generating Asset is the Purchaser or any other party.
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Examples of Generating Asset in a sentence

  • A Product Acquirer shall be obligated to pay Earnout Consideration on any Generating Asset as if such Product Acquirer were Purchaser.

  • Upon the closing of a Generating Asset Transaction, the net cash proceeds thereof received by the Borrower or any of its Subsidiaries shall be used to prepay the Term Loan.

  • The intention of this Section 1.3(c) is to insure that the Members’ Representative receive Earnout Consideration based on net sales of a Generating Asset on the same basis (i.e., whether achieving development or approval milestones or making commercial sales of any Generating Asset) whether the owner of the Purnovate Technology Generating Asset is the Purchaser or any other party.

  • The Borrower will not (i) sell, lease or otherwise transfer all or a Substantial Part of its assets during the term of this Credit Agreement, and (ii) permit any Subsidiary to transfer all or a Substantial Part of its assets to any person other than the Borrower or a wholly owned Subsidiary, provided that the Generating Asset Transaction(s) shall be permitted under this Section 10.4.2.


More Definitions of Generating Asset

Generating Asset means the plant and equipment needed to
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Generating Asset means any device owned by an electrical corporation (as that term is defined in Pub. Util. Code § 218) or located in the State of California used for the generation of electric energy. To be a Generating Asset, the device must have a metered output, or an administratively defined group of generating devices that may or may not have individual metered outputs but arethat can be aggregated for performance measurement.
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