JCP&L definition

JCP&L means Jersey Central Power & Light Company, a New Jersey corporation.

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JCP&L has the meaning set forth in the preamble hereto.

JCP&L means Jersey Central Power & Light Company, a New Jersey corporation. “JPMorgan” means JPMorgan Chase Bank, N.A.

Examples of JCP&L in a sentence

• Notice of any such determination permitting the resignation of JCP&L shall be communicated to the Issuer, the Trustee and each Rating Agency at the earliest practicable time (and, if such communication is not in writing, shall be confirmed in writing at the earliest practicable time), and any such determination shall be evidenced by an Opinion of Counsel to such effect delivered to the Issuer and the Trustee concurrently with or promptly after such notice.

• Subject to the provisions of Sections 5.03 and 5.04, JCP&L shall not resign from the obligations and duties imposed on it as Servicer under this Servicing Agreement except upon a determination that the performance of its duties under this Servicing Agreement shall no longer be permissible under applicable law.

• Note: Contact JCP&L to determine if all the information requested in this section is required for the proposed Customer-Generator Facility.

• For the purposes of this Section 6.2, notification given to the schedulers for the Parties and JCP&L shall be sufficient delivery of notice.

• The Surviving Corporation will maintain GPU's charitable commitments substantially at current levels in the communities which JCP&L, MetEd and Penelec currently serve for a minimum of three years after the Effective Time.

• Termination of JCP&L as Servicer shall not terminate JCP&L’s rights or obligations under the Sale Agreement.

• Neither JCP&L nor, to the best of JCP&L's knowledge, NJEA is in default under the Existing PPA, and no condition exists that, with the passage of time, the giving of notice, or both, would constitute any such default.

• JCP&L’s other charges may include the Market Transition Charge, the MTC-Tax and all other charges that JCP&L and any Third Party may be authorized to ▇▇▇▇ and collect from Customers on account of the provision of electric service.

• In addition to terms defined elsewhere in this Agreement, the following terms are defined as follows: "Alternate Delivery Point" means (i) any nodal point included within the JCP&L Zone, (ii) the JCP&L Zone or (iii) any other delivery point mutually agreed to by the Parties.

• If there is more than one series of transition bonds outstanding, whether they be Transition Bonds issued by the Issuer, or transition bonds issued by JCP&L Transition Funding LLC or any other issuer for which the Servicer is acting as servicer, the Servicer shall allocate partial payments among such series in accordance with the Intercreditor Agreement.

More Definitions of JCP&L

JCP&L means Jersey Central Power & Light.

JCP&L means Jersey Central Power and Light, a regulated utility in the State of New Jersey.

JCP&L means Jersey Central Power & Light Company. C. "Steam Purchase Contract" shall mean that certain Steam Purchase Contract between O'Brien and Du Pont on December 8, 1986, as amended from time to time.

JCP&L has the meaning given in the Recitals. 1.21. "Maximum Daily Sales Quantity" means the maximum quantity of gas that NJEA may request and PSE&G is obligated to sell on any day under the Sales Service and shall be equal to 57,500 dekatherms per day. 1.22. "Mean Daily Temperature Forecast for Newark, New Jersey" means the mean temperature for any Day at Newark International Airport as projected by Weather Services Corporation (or such other weather service as may be retained by PSE&G) at or after 10:00 am on the preceding Day. 1.23. "Month" means a period beginning at 10:00 a.m. (Eastern time) on the first day of a calendar month and ending at 10:00 a.m. (Eastern time) on the first day of the next calendar month. 1.24. "NJBPU" means the New Jersey Board of Public Utilities. 1.25 "NJEA Exposure" means, as of any Business Day (i) the total of amounts currently accrued, owing and not yet paid from PSE&G to NJEA pursuant to this Agreement. 1.26. "NJEA Guarantee(s)" means one or several documents reasonably acceptable to PSE&G that guarantees NJEA's performance under this Agreement. 1.27. "NJEA Guarantor" means an entity that provides an NJEA Guarantee. 1.28. "NJEA Threshold" means, as of any Business Day the total aggregate limit of liability in force and effect as of such Business Day with NJEA Guarantors, plus $1,000,000. In the event the credit rating of an NJEA Guarantor falls below that of investment grade by a major rating agency, or if PSE&G has reasonable grounds for insecurity as to the ability of an NJEA Guarantor to perform its obligations under the NJEA Guarantee it has issued, the NJEA Threshold shall be decreased by the amount of the guaranty provided by said NJEA Guarantor. 1.29. "Performance Assurance" means (i) cash, or (ii) letters of credit from a Qualified Institution and in a form reasonably acceptable to PSE&G, or (iii) additional guarantees or other performance assurances reasonably acceptable to PSE&G. 1.30. "Prime Rate" means the prime rate quoted by Chase Manhattan Bank, New York. 1.31. "Propane Cost Per Dekatherm" means the price of eleven (11) gallons of propane delivered to PSE&G's production facilities; provided that such price reflects a reasonable price for feedstock meeting the quality requirements of PSE&G's production facilities, taking into account usual trade terms and discounts. 1.32. "Qualified Institution" means a commercial bank or trust company organized under the laws of the United States or a political subdivision thereo...

JCP&L means Jersey Central Power & Light. “KATCo Interests” means the equity interests in Keystone Appalachian Transmission Company. “Law” means any (a) law (statutory, common, or otherwise), rule, regulation, code or ordinance enacted, adopted, promulgated or applied by any Governmental Body, including the Federal Power Act, as amended, and FERC’s implementing regulations thereunder and all other regulatory requirements or Orders emanating from state and federal regulators of the Company Group’s businesses and operations or the ownership of the Membership Interests and (b) any other Order. “Liens” means all liens, mortgages, deeds of trust, pledges, security interests, charges, claims, proxy, voting trust or transfer restriction under any stockholder or similar agreement. “Lock-Up Period” means the date that is the third (3rd) anniversary of the Effective Date. “MAIT” means Mid-Atlantic Interstate Transmission, LLC. “MAIT Class B Distributable Amounts” means any amount of distributions received by the Company on account of the Company’s MAIT Class B Interests from MAIT in accordance with its Organizational Documents. “MAIT Class B Interests” means an interest in MAIT designated as a “Class B Interest” in the Second Amended and Restated Limited Liability Company Operating Agreement of MAIT.