ODEC definition
Examples of ODEC in a sentence
The fees payable by ODEC to a successor Administrative Agent shall be the same as those payable to its predecessor unless otherwise agreed between ODEC and such successor.
Second Amended and Restated Wholesale Power Contract, dated as of January 1, 2009, by and between ODEC and Rappahannock Electric Cooperative.
ODEC hereby irrevocably and unconditionally waives, to the fullest extent it may legally and effectively do so, any objection which it may now or hereafter have to the laying of venue of any suit, action or proceeding arising out of or relating to this Agreement in any court referred to in paragraph (b) of this Section.
ODEC shall notify the Administrative Agent of any election to terminate or reduce the Commitments under Section 2.07(b) at least ten (10) Business Days prior to the effective date of such termination or reduction, specifying such election and the effective date thereof.
ODEC will comply with all laws, rules, regulations and orders of any Governmental Authority applicable to it or its property (including all Environmental Laws and the provisions of ERISA), including the payment of any fees required by any Governmental Authority and all reporting requirements, except in each case where the failure to do so, individually or in the aggregate, could not reasonably be expected to result in a Material Adverse Effect.
CoBank shall have no obligation to retire the CoBank Equities upon any Event of Default, Default or any other default by ODEC, or at any other time, either for application to the Obligations or otherwise.
Acting on behalf of ODEC, I hereby certify that as of the date below no Default or Event of Default has occurred and is continuing.
ODEC will keep proper books of record and account in which full, true and correct entries are made of all dealings and transactions in relation to its business and activities.
Each notice delivered by ODEC pursuant to this Section shall be irrevocable; provided that a notice of termination of the Commitments delivered by ODEC may state that such notice is conditioned upon the effectiveness of other credit facilities, in which case such notice may be revoked by ODEC (by notice to the Administrative Agent on or prior to the specified effective date) if such condition is not satisfied.
The Administrative Agent shall invest the Cash Collateral from time to time held by it in such overnight U.S. treasury or similar short-term instruments as are selected by ODEC and approved by the Administrative Agent, and shall maintain records adequate to determine the interest from time to time earned thereon.