Common use of Election to Remove Clause in Contracts

Election to Remove. In the event the Sponsor elects not to terminate this Fee Agreement pursuant to subsection (a) and elect not to rebuild pursuant to subsection (b), the damaged portions of the Project shall be treated as Removed Components.

Appears in 5 contracts

Samples: Valorem Taxes Agreement, Valorem Taxes Agreement, Valorem Taxes Agreement

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Election to Remove. In the event the Sponsor elects not to terminate this Fee Agreement pursuant to subsection (a) and elect elects not to rebuild pursuant to subsection (b), the damaged portions of the Project shall be treated as Removed Components.

Appears in 3 contracts

Samples: Incentive Agreement, Taxes and Incentive Agreement, Taxes and Incentive Agreement

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Election to Remove. In the event the Sponsor elects and the Sponsor Affiliate elect not to terminate this Fee Agreement pursuant to subsection (a) and elect not to rebuild pursuant to subsection (b), the damaged portions of the Project shall be treated as Removed Components.

Appears in 1 contract

Samples: Valorem Taxes Agreement

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