License Termination 50.75 Account definition

License Termination 50.75 Account means an Account established within each of the Qualified Fund and the Nonqualified Fund, which is intended to provide decommissioning funding assurance for funding the decommissioning costs contemplated by the NRC’s regulations in 10 CFR § 50.75. The funds held in the License Termination 50.75 Account are subject to the requirements of 10 CFR § 50.75(h)(2), and the restrictions on the use of funds in 10 CFR § 50.82(a)(8).
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Examples of License Termination 50.75 Account in a sentence

  • The Trustee shall make payments from the Non-License Termination Non-50.75 Account to the same Fund’s License Termination 50.75 Account or vice versa upon presentationby the Company of a certificate substantially in the form of Exhibit C hereto executed by the Company instructing the Trustee to make any such payments.

  • Within each of the Qualified Fund and the Nonqualified Fund, the Trustee shall establish a License Termination 50.75 Account and a Non-License Termination Non-50.75 Account.

  • The License Termination 50.75 Account isintended to provide the financial assurance required by 10 CFR § 50.75 of the NRC’s regulations and shall be restricted to the purposes for which funding is required pursuant to 10 CFR § 50.75.

  • Such structures typically include general fund, specific revenue fund, capital projects fund and debt service fund categories.

  • For each License Termination 50.75 Account and Non-License TerminationNon-50.75 Account, and any SubAccount within any Account, the Trustee shall credit thereto the pro rata share of all income of the Funds and charge thereto the pro rata share of all expenses and any losses.

  • Preferred Members shall not be entitled to participate in any meeting of Members (solely as holders of Preferred Units) unless, and only to the extent, any such meeting is called to address any of the matters specified in Section 5.8(b).

Related to License Termination 50.75 Account

  • Loan Termination Date means the earliest to occur of the following: (i) as to TERM NOTE 2, TERM NOTE 4, and TERM NOTE 5, September 1, 2011; as to the REVOLVING NOTE, April 21, 2006; (ii) the date the OBLIGATIONS are accelerated pursuant to this AGREEMENT, and (iii) the date BANK receives (a) notice in writing from BORROWER of BORROWER’S election to terminate this AGREEMENT and (b) indefeasible payment in full of the OBLIGATIONS.

  • Service Termination Date means the last Day in a month upon which Service shall terminate, as set forth in a Schedule of Service and subject to any renewal thereof.

  • Applied Special Termination Advance has the meaning assigned to such term in Section 2.05.

  • Reverse Termination Fee has the meaning set forth in Section 7.02(b).

  • Company Termination Fee has the meaning set forth in Section 7.3(a).

  • Escrow Termination Date has the meaning ascribed to such term in Section 9.12.

  • Termination Fee Event has the meaning ascribed thereto in Section 8.2(2).

  • Premium Termination Date With respect to the Series A Certificates, the scheduled maturity date of the Series A Certificates, with respect to the Series B Certificates, the scheduled maturity date of the Series B Certificates and with respect to the Series C Certificates, the scheduled maturity date of the Series C Certificates.

  • Post-Termination Period means a period of 12 months (subject to extension as set forth in Section 8(f)) following the effective date of the termination of Executive’s employment.

  • Restriction Termination Date means the first day on which the Board of Directors of the Corporation determines that it is no longer in the best interests of the Corporation to attempt to, or continue to, qualify as a REIT.

  • Accretion Termination Date As defined in the Series Supplement.

  • Facility Termination Date means the date as of which all of the following shall have occurred: (a) the Aggregate Commitments have terminated, (b) all Obligations have been paid in full (other than contingent indemnification obligations), and (c) all Letters of Credit have terminated or expired (other than Letters of Credit as to which other arrangements with respect thereto satisfactory to the Administrative Agent and the L/C Issuer shall have been made).

  • Lease Termination Date means the last day of the Lease Term.

  • Master Servicer Termination Test With respect to any Distribution Date, the Master Servicer Termination Test will be failed if the Cumulative Loss Percentage exceeds 4.00%.

  • Servicer Termination Test With respect to any Distribution Date, the Servicer will fail the Servicer Termination Test if the Realized Loss Percentage for the Mortgage Loans exceeds the applicable percentages set forth below with respect to such Distribution Date: Distribution Date Occurring In Percentage January 2006 through December 2007 2.75% January 2008 through December 2008 3.25% January 2009 through December 2009 3.75% January 2010 and thereafter 4.50%

  • Special Servicer Termination Event shall have the meaning given to such term in the Lead Securitization Servicing Agreement.

  • Termination Period means the period of time beginning with a Change in Control and ending on the earlier to occur of:

  • Special Termination Advance means an Advance made pursuant to Section 2.02(g).

  • Servicer Termination Notice Defined in Section 6.15.

  • Term Loan Termination Date means the earlier to occur of the (i) Term Loan Maturity Date or (ii) Early Termination Date.

  • Availability Termination Date the earlier of (i) the date that is the seventh anniversary of the Closing Date and (ii) the date on which the Administrative Agent delivers to the Servicer a notice of termination as a result of a Termination Event in accordance herewith (or the date on which such termination becomes effective automatically pursuant to Section 7).

  • Company Termination Event means any of the following:

  • Master Servicer Event of Termination As defined in Section 7.01 hereof.

  • Event of Servicer Termination With respect to the Servicing Agreement, a Servicing Default as defined in Section 6.01 of the Servicing Agreement.

  • Servicer Termination Event shall have the meaning assigned to such term in the Lead Securitization Servicing Agreement or at any time that the Mortgage Loan is no longer subject to the provisions of the Lead Securitization Servicing Agreement, any analogous concept under the servicing agreement pursuant to which the Mortgage Loan is being serviced in accordance with the terms of this Agreement.

  • Outside Termination Date shall have the meaning set forth in Section 8.01(f).