Nepco Lake Dam definition
Examples of Nepco Lake Dam in a sentence
In case of the Nepco Lake Dam, the transfer is conditioned upon the approval of the Wisconsin Department of Natural Resources and the assignment of permits issued thereby to one or more wholly-owned State of Wisconsin Subsidiaries of Purchaser ("Wisconsin Sub").
The Parent Indemnitees will be entitled to indemnification in accordance with Section 8.2 (iv) of this Agreement for any Losses incurred by the Parent Indemnitees arising with respect to any breach of the Operating Agreement by Purchaser prior to the transfer of the FERC Assets and the Nepco Lake Dam or with respect to the use or operation of the FERC Assets and the Nepco Lake Dam after the Closing.
Notwithstanding any other ------------- provision of this Agreement, the FERC Assets and the Nepco Lake Dam will not be transferred on the Closing Date, but the related transfer documents will be placed in escrow at Closing as contemplated by Section 2.2(a).
The FERC Assets and Nepco Lake Dam will be deemed included in the Acquired Assets for all purposes under this Agreement.
Pending such transfer, the FERC Assets and the Nepco Lake Dam shall be operated in accordance with the terms of an Operating Agreement to be entered into on the Closing Date by Sellers and Purchaser in the form of Exhibit M hereto.
Within three Business Days following the requisite approval of the Wisconsin Department of Natural Resources, the transfer documents for the Nepco Lake Dam shall be released and delivered to Wisconsin Sub for filing and recording in accordance with Applicable Law.