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)