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

• At Seller's expense, Seller shall maintain the facilities necessary for it to deliver to Buyer the AC Service Power in the quantities, at the levels, and in the substation locations where such power is provided over facilities included in the T&D Assets immediately prior to Closing.

• Except as required by law or any federal or state agency, neither Party shall knowingly take any action referred to in the next preceding sentence which might reasonably be expected to have an adverse effect upon the operations of the Acquired Assets or T&D Assets, as the case may be, of the other Party hereunder without prior written notification and agreement between the Parties.

• Buyer shall provide advance notice by telephone to Seller's dispatch personnel (or equivalent) before Buyer's personnel enter Seller's T&D Assets for routine measurements, inspections, and meter reads.

• Seller shall own, maintain and test all protective relaying equipment that protects its T&D Assets.

• The Transferee acknowledges and agrees that it has been responsible for ascertaining and obtaining prior to the Release Time all licenses, permits, consents and giving all notices necessary to permit the effective transfer of the TD Assets from TD Transferor to the Transferee, to ensure that no Commitments or Assurances relating to the Service Operations are breached and that the Transferee may operate the Service Operations.

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

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.

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-