T&D Assets definition

T&D Assets means the transmission, distribution, communication, substation and other assets necessary to current or future T&D Operations of Seller.

T&D Assets means all the electrical transmission and distribution assets owned by the T&D licensee and used and useful in the provision of licensed transmission and distribution services, including property, rights of way, infrastructure (for example, poles, wire, switches, transformers, capacitors and substations), vehicles, equipment and controls from the specified interconnection point with a generating station and extending through to and including the revenue or title transfer meter at end-use consumer sites or other interconnection points;

T&D Assets means the Seller's transmission, distribution, communication, substation and other assets which are not Acquired Assets and which are not necessary to the operation of the Acquired Assets and/or which are necessary to the operation of the Transmission System or the Distribution System.

Examples of T&D Assets in a sentence

• To investigate the feasibility of Acquiring and Developing the T&D Assets.

• LUMA manages and operates the government-owned T&D Assets under the Puerto Rico Transmission and Distribution System Operation and Maintenance Agreement (“T&D OMA”) executed on June 22, 2020, among the Puerto Rico Electric Power Authority (“PREPA”), the Puerto Rico Public-Private Partnerships Authority (“P3A”) and LUMA Energy, LLC and LUMA Energy ServCo, LLC (collectively, “LUMA”).

• Membership in the MPPA shall be open to all cities, counties and consolidated city-county governments located within Montana and within the service territory (whether in whole or in part) of the distribution system represented by the T&D Assets, provided, however, that each admission to membership shall require the confirming approval of no less than three-fourths (3/4ths) of the Original Board.

• Contemporaneously with the anticipated activities set forth in this Agreement, the MPPA shall be and hereby is empowered to Acquire and Develop the T&D Assets and to own, operate, manage and administer the same.

• If the proposal tendered by the MPPA shall be accepted, the MPPA shall commence on behalf of the Original Members, all appropriate due diligence activities and, if after exercising such due diligence, the Original Board determines to proceed with the Acquisition or Development of T&D Assets, to negotiate one or more legal agreements, documents or instruments concerning the same.

More Definitions of T&D Assets

T&D Assets means electric transmission and/or distribution assets.

T&D Assets mean all of the assets, properties and undertakings owned, used or held by TD Transferor which exclusively relate to the Service Operations, including but not limited to, to the extent they are owned, used or held by TD Transferor and exclusively relate to the Service Operations, the Service Operations Information, the Service Operations IPR, Tangible Assets, Books and Records, and the benefits of the Commitments (including the rights and benefits of the TD Transferor under the master service agreement dated January 1, 1996 between TD Securities Inc. and TD Transferor) but excluding the Excluded Assets;

T&D Assets means all the electrical transmission and distribution assets owned by the T&D licensee and used and useful in the provision of licensed transmission and distribution

T&D Assets means all the assets that form a part of the Licensee’s T&D System and are used by the Licensee in connection with the T&D Business, including, but not limited to property, rights of way, infrastructure (e.g. poles, wire, switches, transformers, capacitors, substations etc.) vehicles and equipment;

T&D Assets means all of the transmission and distribution assets of TXU Electric, including, without limitation, the real and personal property, contract rights and other assets conveyed to T&D pursuant to the T&D Separation Documents (including any such assets that may be further conveyed to any member of the T&D Group after the Separation Date pursuant to Section 6.2(a) hereof) and any asset acquired by any member of the T&D Group after the Separation Date. For purposes of this definition, any asset that relates to the T&D Business, but was inadvertently transferred to a member of a Group other than the T&D Group, shall be and become part of the "T&D Assets" for all purposes on the Separation Date.

T&D Assets means those transmission and distribution assets described on Schedule 2.2(a). "Taking" has the meaning set forth in Section 5.11. "Tax" or "Taxes" means any federal, state, local, or foreign income, gross receipts, license, payroll, employment, excise, severance, stamp, occupation, premium, windfall profits, environmental (including taxes under Section 59A of the Code), customs duties, capital stock, franchise, profits, withholding, social security (or similar, including FICA), unemployment, disability, real property, recordation, personal property, sales, use, transfer, registration, value added, alternative or add- on minimum, estimated, or other tax of any kind whatsoever, including any interest, penalty, or addition thereto, whether disputed or not. "Tax Basis" means the adjusted tax basis determined for federal income tax purposes under Section 1011(a) of the Code. "Tax Return" means any return, declaration, report, claim for refund, or information return or statement relating to Taxes, including any schedule or attachment thereto, and including any amendment thereof. "Technical Specifications" means the technical specifications included in the NRC License for the Facilities in accordance with the requirements of 10 C.F.R. (S) 50.36. "Third Party" means a Person who is not a Party, an Affiliate of a Party, a Representative of a Party, a Representative of an Affiliate of a Party or a shareholder of any of a Party, a Party's Affiliate or a Party's Representative. "Third Party Claim" means any claim asserted by a Third Party. "Title Commitment" has the meaning set forth in Section 3.2(r). "Title Company" means, collectively, Commonwealth Land Title Insurance Company and Lawyers Title Insurance Company. "Top Off Amount" has the meaning set forth in Section 5.10(c). "Total Relevant Percentage" means, collectively, the Xxxx 0 Xxxxxxxx Xxxxxxxxxx, the Xxxx 0 Xxxxxxxx Xxxxxxxxxx and the Unit 3 Relevant Percentage. -115-

T&D Assets means any and all assets hereinafter Acquired or Developed by the MPPA that may consist of, among other matters, natural gas and electric transmission and distribution systems, real and personal property, administrative systems and assets (including human resource assets), contract rights, accounts receivable, computer software, business assets, good will, and other items of real, personal, intellectual and intangible property. The Original Members by this Agreement intend that initially during the period of due diligence time immediately following the creation and establishment of the MPPA the term “T&D Assets” shall mean only the T&D Assets of NorthWestern Energy.