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GLOSSARY
Term used to refer to the set of processes and areas that fuel passes through to be brought onto a nuclear licensed site, prepared prior to use, used for fission, stored on site, undergo its initial on-site treatment and then be removed from site (as spent fuel) for onward processing.
GLOSSARY
Structured collection of fuel rods or elements, the unit of fuel in a reactor.
GLOSSARY
See Cladding
GLOSSARY
The sequence of steps involved in supplying, using, and disposing of the fuel used in nuclear reactors. The fuel cycle is “closed” if it includes the reprocessing of spent fuel and recycling of fissile materials resulting from reprocessing. The term “open” or “once-through” cycle means that the fuel is disposed of in a permanent storage site after use in the reactor.
GLOSSARY
The method of processing reactor fuel in order to separate the reusable fissionable material from waste material.
GLOSSARY
A long, cylindrical rod, often 12 to 14 feet in length, made up of fuel pellets containing enriched uranium in cladding. Fuel rods are bundled into fuel assemblies.
PRECEDENTS
Date of Agreement ________________________________20[XX] Parties 1 [INSERT], a company incorporated in [INSERT] (registered number [INSERT]) whose registered office is at [INSERT] (Purchaser); and 2 [INSERT], a company incorporated in [INSERT] (registered number [INSERT]) whose registered office is at [INSERT] (Supplier). Background (A) The Purchaser is engaged in the generation of energy at the Site. (B) The Supplier is engaged in the supply of Fuel for use in the generation of energy; (C) The Purchaser wishes to purchase Fuel from the Supplier, and the Supplier wishes to supply Fuel to the Purchaser, subject to and in accordance with the terms of this Agreement 1 Definitions and interpretation 1.1 In this Agreement (including the recitals) the following words and phrases shall have the meaning given to them in this Clause 1: Agreement • means this Agreement including any Schedules to it; Annual Maximum Quantity • means the maximum amount of Fuel to be delivered by the Supplier to the Site in each Contract Year, being [AMOUNT]; Annual Minimum Quantity • means the minimum amount of Fuel to be delivered by the Supplier to the Site in each Contract Year, being [AMOUNT]; Business Day • means any day other than a Saturday, Sunday or a
NEWS
Law360: A California magistrate judge 5 June 2023 ordered a contract breach dispute between Fujitsu Semiconductor and Cypress Semiconductor into arbitration in Japan, finding Fujitsu established the existence of a valid arbitration agreement in a decade-old microchip manufacturing deal between the parties that provides for arbitration to proceed in Tokyo.
GLOSSARY
The second most serious civil nuclear accident (after the incident'>Chernobyl incident) which occurred as a result of the Great East Japan earthquake and resulting tsunami in March 2011. Severe earthquake damage and flooding resulted in equipment failure, core damage from overheating (meltdown) and subsequent releases of radioactive material into the surrounding environment.
GLOSSARY
The level of debt/security where value breaks.
GLOSSARY
Creditors at the level where value breaks. Creditors who are only likely to receive a partial repayment of their claims have leverage over an insolvency structure because they are often the only class of claims that has a vote that matters. The existence of a fulcrum security usually means that a senior class of debt is being paid in full, with the approval by this senior class being automatic. Any interests junior to the fulcrum will get nothing, and so the rejection of the plan by that class of claims is equally presumed.
GLOSSARY
Joint venture created, jointly controlled and owned by two or more parents, operationally autonomous, not established merely to take over one specific function from its parents, and established on a permanent basis or for a sufficiently long duration to bring about lasting changes to the structure of the undertakings involved.