Separation Document definition

Separation Document means the Separation Document to be agreed upon by the Parties under Section 3.5.2 including any documents or exhibits referred to or incorporated by reference in the Separation Document and any documents or exhibits otherwise indicated in any such document which shall set forth, with specificity, the demarcation of the Purchased Assets and Excluded Assets. The Separation Document shall (A) consist of one-line drawings, elementary diagrams, three-line diagrams, relay and control panel front view and wiring diagrams, and other physical drawings showing equipment layout and site plans (in each case, where available), (B) be consistent with Schedule A hereto, and Schedules to the ASA, as amended or supplemented, and (C) be mutually agreed upon as provided in Section 3.5.2 hereof. The Separation Document will also identify the Operating Easement which will be granted or reserved by the Parties.

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Separation Document means the separation document to be prepared under the terms of the Interconnection Agreement.

Separation Document means such documents or exhibits delineated as such and which have been provided to and adopted by Buyer which describe the Purchased Assets and Excluded Assets and define and identify the ownership and dispatch points of demarcation of said assets.

Examples of Separation Document in a sentence

• To the extent any matter is not addressed in a Real Estate Separation Document, but is addressed in this Agreement, the terms of this Agreement shall control as to such matter.

• In the event of a conflict between this Agreement and any Real Estate Separation Document, the applicable Real Estate Separation Document shall govern.

• Buyer shall, without derogation of and in addition to any rights it may have under the ASA, be entitled prior to the Closing Date to inspect, in accordance with this Section 3.5.2, all Purchased Assets, and Excluded Assets to verify and/or determine the accuracy of the data, drawings, and records contained in Schedule A or the Separation Document and to ascertain the points of demarcation between the Purchased Assets and the Excluded Assets.

• The specific arrangements for the storage of spare parts by Seller shall be set forth in the Separation Document.

• Buyer shall be responsible for all switching, tagging and grounding on Buyer's side of the demarcation point, as set forth in the Separation Document; and Seller shall be responsible for all switching, tagging and grounding at the demarcation point and on Seller's side of the demarcation point.

• The dispatch and ownership points of demarcation for the Interconnection Facilities, the Purchased Assets and the T&D System are set forth in Schedule A and will be set forth in the Separation Document.

• The Separation Document must be completed prior to the Closing Date.

• Any modification to any portion of the Separation Document to which the Parties agree shall thereafter be deemed part of the Separation Document for all purposes under this Agreement and the ASA.

• In the event any such Consents have not been obtained prior to the Distribution, the Parties shall use reasonable best efforts to obtain or make such Consent as promptly as reasonably practicable following the Distribution and, upon receipt of such Consent, shall execute the applicable Real Estate Separation Document.

• This Agreement, the ASA, the Ancillary Agree­ments and the Separation Document constitute the entire under­standing between the Parties, and supersede any and all previ­ous understandings, oral or written, which pertain to the subject matter contained herein or therein.

More Definitions of Separation Document

Separation Document means the separation document to be agreed to by the parties in the event the PSE Transmission Assets are not purchased by Purchaser.

Separation Document means the document, to be negotiated in good faith by the Seller and the Buyer within three (3) months from the date of this Agreement, which will delineate the Purchased Assets from the Seller's other assets and which will be consistent with the separation document summary attached hereto as Exhibit C.

Separation Document means the separation document to be agreed to by the parties in the event the PGE Transmission Assets are not purchased by Purchaser.