PSC Approval definition

PSC Approval means an order issued by the Delaware PSC approving the terms of this Service Classification without modification and authorizing Company to recover all of its Costs incurred hereunder, which order shall be in form and substance reasonably acceptable to Company.

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PSC Approval means approval by the PSC of this Agreement in its entirety and without material condition or limitation.

PSC Approval means the issuance by the New York Public Service Commission of either (a) a ruling disclaiming jurisdiction to review the transactions contemplated by this Agreement under section 70 of the State of New York’s Public Service Law (“PSL”) and confirming lightened regulation under the PSL or (b) an order approving the transaction under PSL section 70 and confirming lightened regulation under PSL section 70.

Examples of PSC Approval in a sentence

NYSERDA shall file for PSC Approval and will use commercially reasonable efforts to make that filing within forty-five (45) days after the Effective Date.
Purchaser shall have no right of specific performance if Seller shall be prohibited from performing its obligations hereunder by reason of any law, regulation, or other legal requirement applicable to Seller or if Seller shall be unable to obtain the No Action Letter or the PSC Approval.
Seller shall file with the PSC a request for the PSC Approval within thirty (30) days after the date of this Agreement.
Purchaser (i) has and will have at Closing sufficient funds available to it to pay the Termination Amount and the Purchase Price and to consummate the other transactions contemplated by this Agreement to be consummated by Purchaser, and (ii) is not required, and will not be required, to consummate any debt or equity financing in order to be able to consummate the Closing, in each case irrespective of the Wisconsin PSC Approval.
Seller shall pay the fees and expenses of Seller’s legal counsel and other advisors, including the costs of obtaining the No Action Letter and PSC Approval.

More Definitions of PSC Approval

PSC Approval has the meaning set forth in Section 4(a)(ii). "Proxy Statement/Prospectus" means the combined proxy statement of Corning Gas and prospectus with respect to the Holding Corp. Common Stock in the form first filed with the SEC after the Effective Date, as amended or supplemented form time to time prior to the Closing Date. "SEC" means the U.S. Securities and Exchange Commission. "Settlement Agreement" means the Joint Proposal regarding Corporate Restructuring, Standards Governing Affiliate Relations, Acquisition of Stock and Use of Revenues received from the Rendition of Public Service, dated as of the 15th day of March 2013, of the Staff of the New York Department of Public Service and Corning Gas, in Case 12-G-0141 and Case 11-G-0417. "Share Exchange" means the exchange of Corning Gas Common Stock for Holding Corp. Common Stock as provided in this Agreement and the Certificate of Exchange to be effective at the Effective Time. "Shareholder Approval" means approval of this Agreement and the Share Exchange by the holders of at least 66 2/3rd of the outstanding Corning Gas Common Stock at the Special Meeting. "Special Meeting" means the special meeting of Corning Gas Shareholders to be held as provided in the Proxy Statement/Prospectus and any adjournment thereof. "Stock Plan" means the Amended and Restated 2007 Corning Natural Gas Corporation Stock Plan, as amended from time to time. "Substitute Option" has the meaning set forth in Section 2(c).

PSC Approval means an order issued by the DCPSC approving the terms of this Agreement without modification and authorizing Buyer to recover all of its costs incurred hereunder, which order shall be in form and substance reasonably acceptable to Buyer.

PSC Approval means the approval of the transactions contemplated by this Agreement by the South Carolina Public Service Commission pursuant to S.C. Code § 58-33-185(A).

PSC Approval means the PSC's approval of the issuance of the shares of Common Stock contemplated by and pursuant to the terms of this Agreement.

PSC Approval shall have the meaning set forth in Section 6.6(c).

PSC Approval means approval by the PSC of this Agreement in its entirety and without material condition or limitation. Qualified Renewable Energy: Electric energy from (i) a generation facility that has first Qualifying Federal Support: Any direct federal financial support, including but not limited to tax credits or grants, that (i) is generally available to newly constructed electric transmission

PSC Approval means a final, non-appealable order from each PSC approving the transactions contemplated by this Agreement.