Common use of Interim Leasing Records Clause in Contracts

Interim Leasing Records. An Interim Leasing Record shall be prepared by the Lessee, shall be dated the date that the Lessor first makes any payment with respect to the Acquisition Cost of any Nuclear Material and shall set forth a full description of such Nuclear Material, the Acquisition Cost and location thereof, and such other details with respect to such Nuclear Material upon which the parties may agree. During the period of preparation and processing or reprocessing of Nuclear Material subject to an Interim Leasing Record, if the Lessor shall make any further payment or payments or if the Lessor shall receive any payment or payments representing a credit against the Acquisition Cost previously paid with respect to such Nuclear Material, a supplemental Interim Leasing Record dated the date that the Lessor makes each such further payment or the date of receipt of any such credit shall be signed by the Lessor and the Lessee to record the revised Acquisition Cost, after giving effect to any such payments or credits with respect to such Nuclear Material, any change in location and such additional details upon which the parties may agree.

Appears in 13 contracts

Samples: Nuclear Material Lease Agreement (Pennsylvania Electric Co), Nuclear Material Lease Agreement (Gpu Inc /Pa/), Nuclear Material Lease Agreement (Pennsylvania Electric Co)

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