Examples of New License in a sentence
Acceptance of the New License shall mean the date upon which the Power Authority files its acceptance of the New License with FERC, or the date of the expiration of the existing original license, August 31, 2007, whichever occurs later.
In any proceeding relevant to the terms or interpretation of the terms of the New License, the Parties agree to support and/or defend the conditions of the Certification by the State of North Carolina Section 401 Agency that are consistent with the terms of this Agreement.
If any Party believes that another Party has failed to comply with any obligation under this Agreement (including compliance by the Licensee with the New License), the Party shall notify all other Parties in writing and the interested Parties shall consult and may engage a mediator as described above.
The Parties agree to support the issuance of a New License with a 50-year license term.
Licensee shall, within 180 days of the effective date of the New License, submit a plan and schedule for the installation of the recreation facilities described in this article.