Definitions.

CFR · 2024-01-01 · US · Title 7

The definitions set forth in 7 CFR 1710.2 are applicable to this subpart unless otherwise stated. In addition, for the purpose of this subpart, the following terms shall have the following meanings: (1) Sells or intends to sell electric power and energy at retail; (2) At one time had an outstanding loan made or guaranteed by RUS, or its predecessor the Rural Electrification Administration (REA) for rural electrification; and (3) Either repaid such loans at face value or prepaid pursuant to 7 CFR part 1786. (1) A consolidation where two or more companies are extinguished and a new successor is created, acquiring the (2) A merger where one company is absorbed by another, the former ceasing to exist as a separate business entity, and the latter retaining its own identity and acquiring the assets, liabilities, franchises and powers of the former; or (3) A transfer of mortgaged property by one company to another where the transferee acquires substantially as an entirety the assets, liabilities, franchises, and powers of the transferor.

official document · source cfr-2024 · id 7:§ 1717.151