Common use of New Investment Services Clause in Contracts

New Investment Services. Operator shall have responsibility for all New Investment Services. Operator is authorized to enter into such arrangements as it deems appropriate for the Generation Facilities and to make all decisions regarding the completion of New Investment Projects that were contemplated in the construction budgets for the Generation Facilities as of this acquisition by Owner or that have been approved and provided for in an Operating Budget or Capital Budget under the procedures contemplated in Section 2.8 and as applicable Section 2.3.2. All equipment, materials and supplies included in such New Investment Projects for each Generation Facility shall be acquired in the name of Owner and shall be the property of Owner.

New Investment Services. Operator shall have responsibility for all New Investment Services. Operator is authorized to enter into such arrangements as it deems appropriate for the Generation Facilities and to make all decisions regarding the completion of New Investment Projects that were contemplated in the construction budgets for the Generation Facilities as of this acquisition by Owner or that have been approved and provided for in an Operating Budget or Capital Budget under the procedures contemplated in Section 2.8 and as applicable Section 2.3.22.3.3. All equipment, materials and supplies included in such New Investment Projects for each Generation Facility shall be acquired in the name of Owner and shall be the property of Owner.