AEP’s Obligations Sample Clauses
AEP’s Obligations. In building the Network, AEP at its sole cost and expense will perform the following activities and be responsible for the following aspects of the Network:
(a) Rights to Install at Macro Sites and Poles.
(i) AEP will contract with Macro Site owners to obtain rights to install Base Station Equipment and to connect such Base Station Equipment to fiber optic cable and electricity and will pay all associated fees and expenses. AEP will timely renew such contracts as necessary or advisable for the continued operation of the Base Station Equipment.
(ii) AEP will contract with Pole owners to obtain rights to install Base Station Equipment and to connect such Base Station Equipment to fiber optic cable and electricity and will pay all associated fees and expenses. AEP will timely renew such contracts as necessary or advisable for the continued operation of the Base Station Equipment.
AEP’s Obligations. From and after January 1, 2026 through December 31, 2027, ▇▇▇ agrees to deliver, or cause to be delivered, hereunder to DBM at the Points of Receipt each Day a volume of Dedicated Gas at least equal to the Minimum Volume Commitment applicable to such Day. If, at the end of any Calendar Year during the period in the immediately preceding sentence, the aggregate volume of Dedicated Gas AEP has delivered, or cause to be delivered, hereunder to DBM (and DBM has accepted and received) at the Points of Receipt during such Calendar Year (the “AEP Delivered Volumes”) is less than the product of: (I) the Minimum Volume Commitment for such Calendar Year, multiplied by (II) the number of Days in such Calendar Year (such deficiency, a “Deficit Volume”), AEP will pay to DBM the Deficiency Fee as set out in Section 6.1(e). For the avoidance of doubt, no credit towards any Minimum Volume Commitment will be given for volumes attributable to other Third Party owners of Gas that are received at the Points of Receipt pursuant to a separate written agreement between DBM and such Third Party owner. If, at the end of any Calendar Year, the AEP Delivered Volumes for such Calendar Year are greater than the Minimum Volume Commitment aggregated over such Calendar Year, DBM will credit an amount of Gas equal to 100% of the amount of the actual AEP Delivered Volumes for such Calendar Year which is above such aggregated Minimum Volume Commitment for such Calendar Year (the “Banked Volume”) toward the Minimum Volume Commitments during the remainder of the Minimum Volume Commitment period, for purposes of determining the applicable Deficiency Fee.”
AEP’s Obligations. During the Term, AEP at its sole cost and expense will perform the following activities and be responsible for the following aspects of the Network: