Common use of Agreement as to Ownership of the Project Clause in Contracts

Agreement as to Ownership of the Project. The Issuer and the Company agree that title to the Project shall not be in the Issuer, and that the Issuer shall have no interest in the Project.

Appears in 15 contracts

Samples: Financing Agreement (Sierra Pacific Power Co), Financing Agreement (Sierra Pacific Power Co), Financing Agreement (Sierra Pacific Power Co)

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Agreement as to Ownership of the Project. The Issuer and the Company agree that title to the Project is in the Company and shall not be in the Issuer, and that the Issuer shall have no interest in the Project. Notwithstanding the provisions of this Section 5.6 but subject to the provisions of Section 3.4 hereof, the Company in its sole discretion and business judgment may choose to cease operation of all or any portion of the Project or transfer all or part of the Project to another entity which may cease such operation.

Appears in 1 contract

Samples: Financing Agreement (Nevada Power Co)

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