MCWD. Not later than when required to commence construction and comply with the Milestones, MCWD will acquire and own the MCWD Real Property required for the MCWD Owned Facilities, which interest shall be capable of being used to secure financing of the MCWD Owned Facilities. MCWD shall be the sole owner, excepting the required security interest of any lender, of the MCWD Owned Facilities, which shall span from and including the Brackish Source Water Meter Receipt Point Meter to and including the MCWD Meter and the CAW Meter at the Delivery Point, and any related facilities and real property, as well as all infrastructure and permits relating to the operation of the MCWD Owned Facilities. Neither CAW nor MCWRA shall have any ownership interest in the MCWD Owned Facilities.
Appears in 4 contracts
Samples: Water Purchase Agreement, Water Purchase Agreement, Water Purchase Agreement
