Common use of Government Mandated Additional Capital Expenditures Clause in Contracts

Government Mandated Additional Capital Expenditures. Government Mandated Additional Capital Expenditures shall have an assumed useful life equal to the greater of seven (7) Contract Years or the remainder of the Term following completion of the Government Mandated Additional Capital Expenditures. As soon as the Government Mandated Additional Capital Expenditures have been completed, the monthly amortized cost thereof for the remaining months of the Term will be calculated based on the applicable examples set forth in Schedule 7.2, and such allocated monthly amortized cost shall be payable by Purchaser to Seller in accordance with Section 3.3; provided, however, if Seller incurs a Government Mandated Additional Capital Expenditure and if the remainder of the Term is less than seven (7) Contract Years, then Purchaser shall not be obligated to pay to Seller the unamortized balance of such Government Mandated Additional Capital Expenditure.

Appears in 8 contracts

Samples: Coke Purchase Agreement (SunCoke Energy Partners, L.P.), Coke Purchase Agreement (SunCoke Energy Partners, L.P.), Coke Purchase Agreement (SunCoke Energy, Inc.)

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Government Mandated Additional Capital Expenditures. Government Mandated Additional Capital Expenditures shall have an assumed useful life equal to the greater of seven (7) Contract Years years or the remainder of the Term following completion of the Government Mandated Additional Capital Expenditures. As soon as the Government Mandated Additional Capital Expenditures have been completed, the monthly amortized cost thereof for the remaining months of the Term will be calculated based on the applicable examples set forth in accordance with Schedule 7.28.2, and ***** percent (***** %) of such allocated monthly amortized cost costs shall be payable by Purchaser Purchasers to Seller in accordance with Section 3.3; providedSeller. Provided, however, if Seller incurs a Government Mandated Additional Capital Expenditure Expenditure, and if the remainder of the Term Tern is less than seven (7) Contract Yearsyears, then Purchaser shall not be obligated to pay to Seller the unamortized balance of such Government Mandated Additional Capital ExpenditureExpenditure as calculated in accordance with Schedule 8.2.

Appears in 2 contracts

Samples: Coke Purchase Agreement (SunCoke Energy Partners, L.P.), Coke Purchase Agreement (SunCoke Energy, Inc.)

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Government Mandated Additional Capital Expenditures. Government Mandated Additional Capital Expenditures shall have an assumed useful life equal to the greater of seven (7) Contract Years years or the remainder of the Term following completion of the Government Mandated Additional Capital Expenditures. As soon as the Government Mandated Additional Capital Expenditures have been completed, the monthly amortized cost thereof for the remaining months of the Term will be calculated based on the applicable examples set forth in accordance with Schedule 7.28.2, and ***** of such allocated monthly amortized cost costs shall be payable by Purchaser Purchasers to Seller in accordance with Section 3.3; providedSeller. Provided, however, if Seller incurs a Government Mandated Additional Capital Expenditure Expenditure, and if the remainder of the Term Tern is less than seven (7) Contract Yearsyears, then Purchaser shall not be obligated to pay to Seller the unamortized balance of such Government Mandated Additional Capital ExpenditureExpenditure as calculated in accordance with Schedule 8.2.

Appears in 1 contract

Samples: Coke Purchase Agreement (SunCoke Energy, Inc.)

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