Potomac Edison definition
Examples of Potomac Edison in a sentence
The Amended Operating Agreement shall have been executed by Monongahela Power Company, The Potomac Edison Company, and West Penn Power Company, all doing business as Allegheny Power.
FOR SERVICE PROBLEMS OR IN THE EVENT OF AN EMERGENCY, YOU SHOULD IMMEDIATELY CALL YOUR LOCAL EDC: Baltimore Gas & Electric (▇▇▇) ▇▇▇-▇▇▇▇; Potomac Edison (▇▇▇) ▇▇▇-▇▇▇▇; Pepco Maryland (▇▇▇) ▇▇▇-▇▇▇▇; Delmarva Power (▇▇▇) ▇▇▇-▇▇▇▇.
Subject to the provisions of Sections 5.03 and 5.04, Potomac Edison shall not resign from the obligations and duties hereby imposed on it as Servicer under this Agreement except upon a determination that the performance of its duties under this Agreement shall no longer be permissible under applicable Requirements of Law.
The Potomac Edison Company has caused a facsimile of its corporate seal and the facsimile signatures of its duly authorized officers to be hereto affixed.
In addition, all material required to be filed by the Issuer or Potomac Edison pursuant to Rule 433(d) under the Securities Act that was prepared by either of them or that was prepared by any Underwriter and timely provided to the Issuer or Potomac Edison shall have been filed with the Commission within the applicable time period prescribed for such filing by such Rule 433(d).
In any proceedings related to the exercise of the power of eminent domain by any municipality to acquire a portion of Potomac Edison’s electric distribution facilities, the Servicer shall assert that the court ordering such condemnation must treat such municipality as a successor to Potomac Edison under the Statute and Financing Order.
No such resignation shall become effective until a Successor Servicer has been approved by the PSCWV and shall have assumed the servicing obligations and duties hereunder of Potomac Edison in accordance with Section 6.04.
Notice of any such determination permitting the resignation of Potomac Edison shall be communicated to the Issuer, the PSCWV, the Indenture 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, the PSCWV and the Indenture Trustee concurrently with or promptly after such notice.
The Servicing Fee with respect to a Series for a Payment Date shall be as follows: so long as Potomac Edison acts as the Servicer, the Servicing Fee will be 0.05% per annum of the initial principal balance of the Environmental Control Bonds, payable semi-annually, in arrears; if a Successor Servicer is appointed, the Servicing Fee will be based on an amount approved by the PSCWV, but not in excess of a per annum rate equal to 1.25% of the initial principal balance of the Environmental Control Bonds.
The participating contractor and its employees shall not represent themselves as employees and/or agents of, or certified by Potomac Edison or the implementing contractor.