PREPA definition

PREPA means the Puerto Rico Electric Power Authority, a public corporation of the Commonwealth of Puerto Rico established pursuant to Act No. 83 of 1941, as amended.

Split View

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Get StartedBook a Demo

PREPA means the Puerto Rico Electric Power Authority.

PREPA means the Puerto Rico Electric Power Authority, a corporate entity created by virtue of Act No. 83 of May 2, 1941, as amended, and any successor distribution or transmission owner or operator.

Examples of PREPA in a sentence

• The previous provision shall be equally applicable in such other cases where PREPA gives the SELLER a time extension for the compliance of any of its obligations under the Agreement or where PREPA dispenses the claim or demand of any of its credits or rights under the Agreement.

• The CRO shall work alongside PREPA’s CEO (Executive Director) to develop, organize and manage a financial and operational restructuring of PREPA on terms to be approved by the Board.

• The Forbearance Termination Date shall be deemed to have occurred as of the date and time when PREPA delivers such written notice.

• Except as provided in Section 5(a) of this Agreement, once effective, this Agreement may not be modified, amended, supplemented or otherwise altered (except as expressly provided herein), and no term or condition may be waived, except in a writing signed by PREPA and the Forbearing Creditor.

• Notwithstanding any other provision of this Section 5(d), no Holder of the Securities shall be required to contribute any amount in excess of the amount by which the net proceeds received by such Holder from the sale of the Securities pursuant to a Registration Statement exceeds the amount of damages which such Holder has otherwise been required to pay by reason of such untrue or alleged untrue statement or omission or alleged omission.

More Definitions of PREPA

PREPA means the Puerto Rico Electric Power Authority and any of its

PREPA means the Puerto Rico Electric Power Authority and its attorneys, accountants, consultants, agents, and all other Persons, both past and present, acting or authorized to act on its behalf.

PREPA means the Puerto Rico Electric Power Authority, and its present and former officers, directors, attorneys, employees, assigns, subsidiaries, parents, successors and predecessors, as well as any person or entity that claims to be an insured or in any way insured through PREPA, directly or indirectly, by the Policies, to the extent that Puerto Rico Electric Power Authority, and its present and former officers, directors, attorneys, employees, assigns, subsidiaries, parents, successors and predecessors have the ability, authority, or power to release Settled Claims on their behalf.

PREPA has the meaning set forth in the preamble of this Agreement.

PREPA means and refers to the Puerto Rico Electric Power Authority and its governing board, and any of its affiliates, parents, subsidiaries, partners, associates, divisions, agencies, instrumentalities, departments, offices, officers, directors, shareholders, members, agents, attorneys, representatives, employees, predecessors or successors in interest and/or anyone acting on PREPA’s behalf.

PREPA means the Puerto Rico Electric Power Authority, a corporate entity created by virtue of Act No. 83 of May 2, 1941, as amended.

PREPA means The Puerto Rico Electric Power Authority.