Related to VALID SALE

Permitted Sale means those sales, transfers or assignments permitted by the Credit Agreement.
Sale Transaction has the meaning set forth in Section 3(a).
Third Party Sale means any sale for resale in interstate commerce to a Power Purchaser that is not designated as part of Network Load under the Network Integration Transmission Service but not including a sale of energy through the PJM Interchange Energy Market established under the PJM Operating Agreement.
Qualified Sale means a sale made by a qualified person through a charitable auction.
Proposed Sale has the meaning set forth in Section 2.4(a).

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