Delegation of Responsibility. The Borrower hereby delegates to the Prospective Owner the responsibility for operating all components of the Project in a manner and location consistent with the definition and description of the Project set forth in the Tax Agreement. Such delegation is effective on the earlier of the date that title to the Project transfers to the Prospective Owner and the date the Prospective Owner commences operation of the Project. The Prospective Owner hereby accepts such delegation and agrees to such commencement date.
Appears in 4 contracts
Samples: Third Supplemental Tax and Project Certificate and Agreement (Arconic Corp), Third Supplemental Tax and Project Certificate and Agreement (Howmet Aerospace Inc.), Second Supplemental Tax and Project Certificate and Agreement (Howmet Aerospace Inc.)
