Examples of NRG Settlement in a sentence
The Reorganized Debtors are authorized to execute and deliver those documents necessary or appropriate to implement the NRG Settlement, without further notice to or order of the Bankruptcy Court, act or action under applicable law, regulation, order, or rule or vote, consent, authorization, or approval of any Person.
The GenOn Steering Committee hereby recognizes and agrees that the diligence condition in section 3.D of the NRG Settlement Agreement is satisfied and otherwise waived, solely in respect of the payment of the GenMA Payable.
Notwithstanding anything in this Agreement to the contrary, no Tax shall be treated as solely attributable to the NRG Settlement Payment to the extent income attributable to the NRG Settlement Payment is offset by a deduction attributable to such payment such that it is reasonably determined that there was no net Tax liability directly attributable to the NRG Settlement Payment.
The Reorganized Debtors shall use Cash on hand, including Cash from Sale Proceeds received prior to the Effective Date, Cash from the Exit Financing, and Cash from the NRG Settlement Payment to fund distributions to certain Holders of Claims, including the LC Facility Claims, the Allowed Revolving Credit Facility Claims, the Allowed GenOn Notes Claims, the Allowed GAG Notes Claims, and Allowed General Unsecured Claims, if applicable, as set forth in Articles II and III of the Plan.
The NRG Settlement with the California Public Utilities Commission is a $120 million agreement under which NRG will pay the State of California $20 million in cash and invest approximately $100 million over four years to build PEV charging infrastructure in California.
The Owner appoints Quinovic Property Management Ltd (“Quinovic”) to act as Agent upon the terms herein provided for the renting, tenanting and managing of the premises, and agrees to pay the charges as prescribed by the Quinovic scale of fees until the agency is terminated in writing by either party to have effect after the expiry of the minimum term.
In fact, a recently completed independent accountant’s report auditing compliance with the NRG Settlement indicates that approximately 30 percent of EV Capable spaces are converted to EV chargers (Crowe, 2018).
Within fourteen (14) days following the earlier of (a) the Effective Date or (b) the effective date of the NRG Settlement Agreement, the Consenting Noteholders, GenOn, and the NRG Parties shall cause the Noteholder Litigation to be dismissed with prejudice, with each party to bear its own costs.
The parties agree that the NRG Settlement Payment (and such other forms of consideration, if any), and its receipt by GenOn, will be reported on the federal income tax return filed by the NRG consolidated tax group for the taxable year that includes the Effective Date, and any resulting income tax consequences will be structured as tax efficiently as possible for GenOn, and NRG will treat such payments as a capital contribution to the extent permitted under applicable law.
Sources of Consideration for Plan Distributions The Debtors shall make distributions under the Plan, as applicable, with: (1) the Cash proceeds of the Exit Financing; (2) the New Common Stock;(3) proceeds of the NRG Settlement Payment; (4) the Debtors’ encumbered and unencumbered Cash on hand; (5) the Sale Proceeds; and (6) the New Subordinated Notes.