Common use of Additional Conditions to Genco Holdings and CenterPoint's Obligations Clause in Contracts

Additional Conditions to Genco Holdings and CenterPoint's Obligations. The obligation of Genco Holdings and CenterPoint to consummate the Non-STP Acquisition shall be further subject to the satisfaction or, if permitted by applicable Law, waiver by Genco Holdings and CenterPoint, on or prior to the Non-STP Acquisition Closing Date, of the following conditions with respect to the Power Purchase Agreement: (a) All Bonds (as defined in the Phase I Lien Annex to the Power Purchase Agreement) issued by ▇▇▇▇▇ ▇▇ under the Phase I Lien Annex to the Power Purchase Agreement shall have been cancelled and returned to the Trustee (as defined in the Phase I Lien Annex to the Power Purchase Agreement).

Appears in 2 contracts

Sources: Transaction Agreement (Texas Genco Inc.), Transaction Agreement (Centerpoint Energy Inc)