Common use of MCWRA Clause in Contracts

MCWRA. Not later than when required to commence construction and comply with the Milestones, MCWRA will acquire and own MCWRA Real Property required for the MCWRA Owned Facilities, which interest shall be capable of being used to secure financing of the MCWRA Owned Facilities, and will drill, construct and own the MCWRA Owned Facilities. MCWRA shall be the sole owner, excepting the required security interest of any lender, of the MCWRA Owned Facilities, as well as all infrastructure and permits relating to the operation of Brackish Source Water Xxxxx.

MCWRA. Not later than when required to commence construction and comply with the Milestones, MCWRA will acquire and own MCWRA Real Property required for the MCWRA Owned Facilities, which interest shall be capable of being used to secure financing of the MCWRA Owned Facilities, and will drill, construct and own the MCWRA Owned Facilities. MCWRA shall be the sole owner, excepting the required security interest of any lender, of the MCWRA Owned Facilities, as well as all infrastructure and permits relating to the operation of Brackish Source Water Xxxxx. CAW. CAW will own the CAW Facilities.