IPC & PAC New Agreement: Purchase and Sale Agreement for Asset Exchange Sample Clauses

IPC & PAC New Agreement: Purchase and Sale Agreement for Asset Exchange potentially utilize the previously developed Joint Purchase and Sale Agreement PAC and IPC would purchase and sell to each other various assets to achieve the objectives identified in Section 3(a)(6) and Section 3(a)(7) of this table. PAC and IPC will seek to first balance the purchase and sale of the transferred assets through the depreciated net book value of such assets and allocation of upgrade costs and, finally, if necessary, will be balanced between IPC and PAC through cash considerations. Details related to Populus – Four Corners assets: Prepare First Draft – IPC: Quarter 2 of Calendar Year 2022 These assets will provide IPC ownership on the existing PAC transmission system from Four Corners substation in New Mexico to Populus substation in Idaho. This will include 345 kV transmission lines between the following substations and assets to create a path through each substation: Target Execution Date: Quarter 4 of Calendar Year 2022 Four Corners, Pinto, Huntington, Camp Xxxxxxxx, Xxxx, Terminal, 90th South, Xxx Xxxxxx and Populus. Consistent with federal processes, IPC and PAC will complete required studies to determine if recent system upgrades result in a possible increase in existing transmission capacity between Xxxxx and Populus to facilitate IPC’s incremental transfer needs associated with this exchange. If determined necessary, IPC and PAC will identify revisions to the JOOA (as defined in Section 3(a)(6) of this table), upgrades, modifications, or other options to meet each party’s commercial needs between Xxxxx and Populus. Details related to Xxxxx/Kinport to Xxxxxxxxx and Midpoint to Xxxxx/Kinport assets: These assets will provide PAC ownership on the existing IPC transmission system from Xxxxx/Kinport to Xxxxxxxxx and from Midpoint 500 to Xxxxx/Kinport. This will include 500 kV and 345 kV transmission lines between the following substations and assets to create a path through each substation: Borah, Kinport, Adelaide, Midpoint and Xxxxxxxxx. Upgrades are required across the Borah West and Midpoint West paths to facilitate this portion of the proposed asset exchange transaction. The cost of these upgrades will be determined in the course of negotiating the proposed asset exchange transaction described in this Section 3(a)(5). Details related to Goshen Area assets: As described in more detail in Section 3(a)(7) of this table, PAC will transfer to IPC certain to-be- determined Goshen areas transmission assets that would allow IPC to provide tr...
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Related to IPC & PAC New Agreement: Purchase and Sale Agreement for Asset Exchange

  • Purchase and Sale Agreement The Participating Investors and the selling Key Holder agree that the terms and conditions of any Proposed Key Holder Transfer in accordance with Subsection 2.2 will be memorialized in, and governed by, a written purchase and sale agreement with the Prospective Transferee (the “Purchase and Sale Agreement”) with customary terms and provisions for such a transaction, and the Participating Investors and the selling Key Holder further covenant and agree to enter into such Purchase and Sale Agreement as a condition precedent to any sale or other transfer in accordance with this Subsection 2.2.

  • Purchase and Sale of the Shares Upon the terms and subject to the conditions of this Agreement, at the Closing, the Seller shall sell to the Purchaser, and the Purchaser shall purchase from the Seller, the Shares.

  • Purchase and Sale of Assets (a) Upon and subject to the terms and conditions of this Agreement, the Buyer shall purchase from the Seller, and the Seller shall sell, transfer, convey, assign and deliver to the Buyer, at the Closing, for the consideration specified below in this Article I, all right, title and interest in, to and under the Acquired Assets.

  • Agreement to Purchase and Sell On the terms and subject to the conditions set forth in this Agreement, each Originator, severally and for itself, agrees to sell to the Buyer, and the Buyer agrees to purchase from such Originator, from time to time on or after the Closing Date, but before the Purchase and Sale Termination Date (as defined in Section 1.4), all of such Originator’s right, title and interest in and to:

  • Purchase and Sale of Property Subject to and in accordance with the ----------------------------- terms and provisions of this Agreement, Seller hereby agrees to sell to Purchaser and Purchaser hereby agrees to purchase from Seller, the Property, which term "Property" shall mean and include the following:

  • Purchase and Sale Subject to the terms and conditions and in reliance upon the representations and warranties herein set forth, the Company agrees to sell to each Underwriter, and each Underwriter agrees, severally and not jointly, to purchase from the Company, at the purchase price set forth in Schedule I hereto the principal amount of the Securities set forth opposite such Underwriter’s name in Schedule II hereto.

  • Transfer Agreement Exhibit B, Transfer Agreement, between the Bureau, CONTRACTOR, and the Florida Department of Corrections (the FDC) which establishes guidelines for transfer of inmates between the Bay Correctional Facility and facilities operated by the FDC.

  • Purchase Closing Section 2.1 Purchase 5 Section 2.2 Closing 5 Section 2.3 Closing Conditions 6

  • Purchase Agreement See the introductory paragraphs hereof.

  • Agreement of Purchase and Sale Subject to the terms and conditions hereinafter set forth, Seller agrees to sell and convey and Purchaser agrees to purchase the following:

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