Plant Assets definition
Examples of Plant Assets in a sentence
In further consideration for the Contribution of the Contributed Assets, Nuclear Genco hereby agrees to issue to Penn Power a promissory note (the "Note"), substantially in the Form of Exhibit A hereto, in a principal amount equal to the value of the Other Plant Assets less the amount of the Assumed Liabilities (as defined in paragraph 4c below).
The Elan Companies shall bear all risk of loss with respect to the Plant and the Plant Assets unless and until the Closing occurs.
All tangible personal property (other than Product Inventory) included in the Transferred Assets (including the Plant Assets) are suitable for the purposes for which they are used, in good working condition, reasonable wear and tear excepted, and are free from any known defects.
The purchase price for the Additional 7000 Plant Assets (the “Additional 7000 Plant Assets Purchase Price”) and the Additional 5100 Plant Assets (the “Additional 5100 Plant Assets Purchase Price”) shall be the sum of the amounts set forth opposite such assets on Schedule 2.1(a)(iii).
Throughout the Term of this Agreement, to the extent BREP is providing the ▇▇▇▇ Center Building with Thermal Services in accordance with the Thermal Services Requirements and the Performance Standards, BREP will have the right to utilize the ▇▇▇▇ Center Plant Assets to provide Thermal Services to Third Party Off-takers, in all instances subject to and in accordance with the requirements set forth in ARTICLE 9 of the ▇▇▇▇ Center Plant Lease.