Power Assets definition

Power Assets or “Power System Assets” means all objects and rights of value owned by the Borrower or entrusted to it as agent of the United States, which are derived from or pertain to its Power Program, including, but not by way of limitation, cash and temporary investments of cash; accounts and notes receivable; inventories of materials and supplies; land, structures, machinery, and equipment; and prepaid expenses or other costs incurred for the benefit of future operations.

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Power Assets means all tangible and intangible property used in connection with the ownership and operation of electric power and cogeneration facilities, including, without limitation, related transmission lines and gas lines.

Power Assets or “Power System Assets” shall mean all objects and rights of value owned by the Corporation or entrusted to it as agent of the United States, which are derived from or pertain to its Power Program, including, but not by way of limitation, cash and temporary investments of cash; accounts and notes receivable; inventories of materials and supplies; land, structures, machinery, and equipment; and prepaid expenses or other costs incurred for the benefit of future operations.

Examples of Power Assets in a sentence

• All liens and encumbrances, on the Vastar Power Assets to be transferred at the Second Closing other than Permitted Encumbrances shall have been fully released.

• All liens and encumbrances on the SETM Power Assets to be transferred at the Second Closing other than Permitted Encumbrances shall have been fully released.

• If the sum of the controlled installed generation capacity and equity based generation capacity of the Entrusted Management Power Assets increases or decreases not more than 10% from the date of signing the Entrusted Management Power Assets Agreement, the management fees will not be adjusted.

• According to the Entrusted Management Power Assets Agreement, the Company and its subsidiaries will entrust Huaneng Group and its subsidiaries and associates to manage the Entrusted Management Power Assets.

• Management fees shall be calculated from the effective date of the Trusteeship Management Power Assets Agreement, and the management costs of the management fees shall be settled each month.

• According to the different circumstances of the Trusteeship Management Power Assets, the management party shall provide management services of the Trusteeship Management Power Assets to the entrusting party in accordance with all applicable laws and requirements of the regulatory organs and actual circumstances with reference to the applicable management experience and management mode of domestic and international power generation enterprises.

• The entrusting party shall pay management fees to the management party in relation to the management services provided by the management party for the Trusteeship Management Power Assets pursuant to the Trusteeship Management Power Assets Agreement.

• If the management party fails to operate and maintain the power assets according to the Entrusted Management Power Assets Agreement or violates other obligations of the agreement, the management party shall compensate for the actual loss of the entrusting party in full.

• The entrusting party shall ensure that the management party shall be compensated for all the environmental liability incurred in production and business activities as a result of the non- compliance with the environmental regulations by the installation of the Trusteeship Management Power Assets unless the liability is due to the fraud or gross negligence of the management party.

• Unless otherwise agreed by both parties, the Entrusted Management Power Assets Agreement shall become effective after signing by the legal representatives of both parties or their authorized agents (that is 29 January 2015).

More Definitions of Power Assets

Power Assets shall have the meaning set forth in the Separation Agreement.

Power Assets means: (i) the ownership interests (to the extent held by Duke Energy, Spectra Energy or any of their respective Affiliates immediately prior to the Effective Time) in each member of the Duke Energy Group; (ii) all Power Contracts, any rights or claims of Duke Energy, Spectra Energy, or any of their respective Affiliates, arising thereunder, and any other rights or claims or contingent rights or claims of Duke Energy, Spectra Energy, or any of their respective Affiliates, primarily relating to or arising from any other Power Asset or the Power Business; (iii) all Assets owned, leased or held by Duke Energy, Spectra Energy, or any of their respective Affiliates immediately prior to the Effective Time that are used primarily in the Power Business, including inventory, accounts receivable, goodwill, and electrical generation, transmission and distribution plants, facilities, transmission lines and equipment; (iv) the Assets associated with the retail distribution gas services business conducted by Duke Energy Ohio, LLC (f/k/a The Cincinnati Gas & Electric Company) in southwestern Ohio and Duke Energy Kentucky, LLC (f/k/a The Union Light, Heat and Power Company) in adjacent areas in Kentucky; (v) subject to ARTICLE X, any rights of any member of the Duke Energy Group under any Captive Power Policies, any Third Party Power Policies, and any Third Party Shared Policies, to the extent related to the Power Business; (vi) any Exclusive Duke Energy Contingent Gain; (vii) the Assets listed or described on Schedule 1.1(109)(vii) and any and all Assets that are expressly contemplated by this Agreement or any Ancillary Agreement as Assets to be retained by, or assigned or transferred to, any member of the Duke Energy Group; (viii) all Duke Energy Accounts, and, subject to the provisions of Section 2.5, all cash, cash equivalents, and securities on deposit in such accounts immediately prior to the Effective Time; (ix) the ownership interest held by Duke Energy or any of its Affiliates, immediately prior to the Effective Time, in Duke Project Services, Inc., Duke/Fluor ▇▇▇▇▇▇, ▇▇▇▇/Fluor ▇▇▇▇▇▇ International, Duke/Fluor ▇▇▇▇▇▇ International Services, and all other Subsidiaries of Duke Project Services, Inc. (including those listed on Annex B to Schedule 1.1(48), and all Assets of such entities; (x) any collateral securing any Power Liability immediately prior to the Effective Time; and (xi) the Campeche Companies. Notwithstanding the foregoing, the Power Assets shall not ...

Power Assets means (a) the Existing Assets, (b) the Specified New Assets and (c) the Contingent Debt Instrument.

Power Assets means the collective reference to the Existing Assets and the New Facilities.

Power Assets means: (a) the Option Shares; and (b) all of the assets, rights, interests and entitlements currently held by any of Newmont Power Pty Ltd (ACN 065 116 841) and NP Kalgoorlie Pty Ltd (ACN 066 584 807) and 50% of the assets, rights, interests and entitlements currently held by Goldfields Power Pty Ltd (ACN 062 186 243), including (without limitation) all rights or interests of the Seller in the ownership or operation of the Parkeston Power Station, and any related infrastructure or facilities; and (c) a direct or indirect interest in any of the entities specified in paragraph (b).