Common use of Useful Life Clause in Contracts

Useful Life. The Maturity Date occurs prior to the end of 90% of the projected useful life of the Project’s major physical assets, as calculated in accordance with Accounting Requirements.

Appears in 2 contracts

Samples: Loan Guarantee Agreement (Oglethorpe Power Corp), Loan Guarantee Agreement (Oglethorpe Power Corp)

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Useful Life. The In accordance with Section 609.10(d)(6) of the Applicable Regulations, the Maturity Date occurs prior to the end of ninety percent (90% %) of the projected useful life of the Project’s major physical assets, as calculated in accordance with Accounting Requirements.

Appears in 1 contract

Samples: Common Agreement (First Wind Holdings Inc.)

Useful Life. The Maturity Date occurs prior to the end of 90% of the projected useful life of the Project’s major physical assets, as calculated in accordance with Accounting RequirementsGAAP.

Appears in 1 contract

Samples: Nondisclosure Agreement (Georgia Power Co)

Useful Life. The Maturity Date occurs prior to the end of 90% of the projected useful life of the Project’s 's major physical assets, as calculated in accordance with Accounting RequirementsGAAP.

Appears in 1 contract

Samples: Loan Guarantee Agreement (Georgia Power Co)

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Useful Life. The Maturity Date occurs prior to the end of the period equal to the lesser of (i) thirty (30) years or (ii) ninety percent (90% %) of the projected useful life of the Project’s major physical assets, as calculated in accordance with Accounting Requirements.

Appears in 1 contract

Samples: Loan Guarantee Agreement (NRG Yieldco, Inc.)

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