Ownership and Operation of Project. The Recipient exclusively owns and, except as provided in Section F.12 hereof, operates the Project.
Ownership and Operation of Project. (a) Each of the Participants acknowledge that the Authority will own title to the Project and that each Participant will have a beneficial interest in the Project as provided in this Agreement. Each Participant will own an undivided interest in the raw and treated water from the Project equal to its Entitlement Share. The Participants agree that they will not knowingly withdraw or use raw or treated water from the Project in an amount greater than their Entitlement Share of raw or treated water without providing notice thereof to the other Participants and to the Authority. The Participants agree that in the event that they withdraw or use raw or treated water from the Project in an amount greater than their Entitlement Share they will pay to the other Participant an amount computed by the Authority intended to reimburse the Authority and such Participant not only for the additional operating cost of providing such excess raw or treated water, but also for the portion of the capital cost of the Project represented by the excess raw or treated water so used.
Ownership and Operation of Project. The District exclusively owns and, except as provided in Section 4.12 of the SRF Loan Agreement, operates the MST Project.
Ownership and Operation of Project. The Company presently intends to operate the Project as a manufacturing facility from the date hereof to the expiration or sooner termination of this Agreement as provided herein, and as a "project" within the meaning of the Act.
