License to Operate Facility Sample Clauses

License to Operate Facility. During the occurrence and continuance of an Event of Default by Seller, Seller hereby irrevocably grants to Buyer the right, license, and authority to enter the Premises, operate the Facility, and to perform Seller’s obligations under this Agreement for the Term of this Agreement. Notwithstanding the license granted to Buyer in this Section 10.5, so long as no Event of Default by Seller which would entitle Buyer to terminate this Agreement has occurred and is continuing, Buyer agrees that Seller may operate the Facility and provide the energy and Capacity in accordance with its obligations under this Agreement. Upon the occurrence of an Event of Default and the expiration of all applicable opportunities to cure, Buyer may, but shall not be obligated to, exercise its rights as licensee under this Section 10.5 in lieu of termination. Buyer’s right to operate the Facility pursuant to the license granted in this Section 10.5 shall be effective for a period not to exceed 365 days from the date Buyer first exercises its license rights. During any period in which Buyer is operating the Facility pursuant to the license granted in this Section 10.5, Seller shall, upon request from Xxxxx, reimburse Buyer for all reasonable costs and expenses incurred by Xxxxx to operate and maintain the Facility. In connection with the exercise of the rights under this Section 10.5, Xxxxx shall have the right to recoup and set off all such losses, costs, charges and expenses against amounts otherwise owed by Buyer under this Agreement.
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License to Operate Facility. Seller hereby irrevocably grants to PacifiCorp the right, license, and authority to enter the Premises, operate and maintain the Facility, and to perform Seller's obligations hereunder for the Term during the continuance of an Event of Default by Seller under Sections 11.1.2(b), 11.1.2(c), 11.1.2(e), 11.1.2(f), or 11.1.2(h) (such rights along with those rights set forth in Section 11.9.1, “Step-In Rights”). PacifiCorp may, but shall not be obligated to, exercise its rights as licensee under this section in lieu of termination. During any period in which PacifiCorp is operating and maintaining the Facility pursuant to the license granted in this Section, Seller shall, upon request from PacifiCorp, reimburse PacifiCorp for all reasonable costs and expenses incurred by PacifiCorp to operate and maintain the Facility.
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License to Operate Facility. Subject to the rights of a Lender under an applicable Lender Consent, Seller hereby irrevocably grants to PacifiCorp the right, license, and authority to enter the Premises, operate the Facility, and perform Seller’s obligations hereunder for the Term during the continuance of an Event of Default by Seller under Sections 11.1.2(c), 11.1.2(e), 11.1.2(f), or 11.1.2(h) (such rights along with those rights set forth in Section 8.4.1, “Step-In Rights”). PacifiCorp may, but shall not be obligated to, exercise its rights as licensee under this Section in lieu of termination. During any period in which PacifiCorp is operating the Facility pursuant to the license granted in this Section, Seller shall, upon request from PacifiCorp, reimburse PacifiCorp for all reasonable costs and expenses incurred by PacifiCorp to operate and maintain the Facility, subject to the limits on Seller’s liability set forth in Section
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License to Operate Facility. Subject to the rights of a Lender under an applicable Lender Consent, Seller hereby irrevocably grants to PacifiCorp the right, license, and authority to enter the Premises, operate the Facility, and to perform Seller’s obligations hereunder for the Term during the continuance of an Event of Default by Seller (such rights along with those rights set forth in Section 8.4.1, “Step-In Rights”). PacifiCorp may, but shall not be obligated to, exercise its rights as licensee under this Section in lieu of termination. During any period in which PacifiCorp is operating the Facility pursuant to the license granted in this Section, Seller shall, upon request from PacifiCorp, reimburse PacifiCorp for all reasonable costs and expenses incurred by PacifiCorp to operate and maintain the Facility.
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License to Operate Facility. Subject to the rights of a Lender under an applicable Lender Consent, Seller hereby irrevocably grants to PacifiCorp the right, license, and authority to enter the Premises, operate the Facility, and to perform Seller’s obligations hereunder for the Term during the continuance of an Event of Default by Seller under Sections 11.1.2(c), 11.1.2(e), 11.1.2(f), or 11.1.2(h) (such rights along with those rights set forth in‌
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License to Operate Facility. Seller hereby irrevocably grants to PacifiCorp the right, license, and authority to enter the Premises, operate the Facility, and to perform Seller’s obligations hereunder for the Term during the continuance of a an Event of Default by Seller. PacifiCorp may, but shall not be obligated to, exercise its rights as licensee under this Section in lieu of termination. During any period in which PacifiCorp is operating the Facility pursuant to the license granted in this Section, Seller shall, upon request from PacifiCorp, reimburse PacifiCorp for all reasonable costs and expenses incurred by PacifiCorp to operate and maintain the Facility.
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License to Operate Facility. Seller hereby irrevocably grants to Buyer the right, license, and authority to enter the Premises, operate the Facility, and to perform Seller’s obligations hereunder for the Term during the continuance of an Event of Default by Seller. Buyer may, but shall not be obligated to, exercise its rights as licensee under this Section in lieu of termination. During any period in which is operating the Facility pursuant to the license granted in this Section, Seller shall, upon request from Buyer, reimburse Buyer for all reasonable costs and expenses incurred by Buyer to operate and maintain the Facility.
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License to Operate Facility. Seller hereby irrevocably grants to PacifiCorp, subject to the rights of the Lender(s) as separately agreed directly by PacifiCorp with the Lenders, the right, license, and authority to enter the Premises, operate and maintain the Facility, and to perform Seller's obligations hereunder for the Term during the continuance of an Event of Default by Seller. PacifiCorp may, but shall not be obligated to, exercise its rights as licensee under this section in lieu of termination. During any period in which PacifiCorp is operating and maintaining the Facility pursuant to the license granted in this section,
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License to Operate Facility. Seller hereby irrevocably grants to PacifiCorp the right, license, and authority to enter the Premises, operate the Facility, and to perform Seller’s obligations hereunder for the Term during the continuance of an Event of Default by Seller (such rights along with those rights set forth in Section 8.4.1, “Step-In Rights”). PacifiCorp may, but shall not be obligated to, exercise its rights as licensee under this Section in lieu of termination. During any period in which PacifiCorp is operating the Facility pursuant to the license granted in this Section, Seller shall, upon request from PacifiCorp, reimburse PacifiCorp for all reasonable costs and expenses incurred by PacifiCorp to operate and maintain the Facility.
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Related to License to Operate Facility

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  • Obligation to Notify Owner of Existing Hazardous Materials The Contractor shall immediately notify the Owner and the Design Professional, both orally and in writing, of the presence and location of any physical evidence of, or information regarding the presence of Hazardous Materials at the Site of which it becomes aware. If the Contractor encounters Hazardous Materials on the Site the Contractor shall (i) immediately stop performance of Work or that portion of the Work affected by or affecting such Hazardous Materials; (ii) secure the contaminated area against intrusion; (iii) not disturb or remove the Hazardous Materials; (iv) not proceed, or allow any subcontractor or supplier to proceed, with any Work or other activities in the area affected by such Hazardous Materials until such materials have been properly remediated and until directed in writing to do so by the Owner; and, (v) take any other steps necessary to protect life and health and the surrounding environment. The Contractor shall be entitled to adjustment of the Contract Time and the Contract Sum pursuant to Section 5, Part 2 of these General Conditions in order to compensate for the impact of any required demolition, re-work, shutdown, delay, protection of work, disruption, and start-up resulting from the encountering of such Hazardous Materials on the Site for which the Contractor is not responsible.

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