Ownership Interest and Capacity Sample Clauses

Ownership Interest and Capacity. The Co-Tenants hereby acknowledge and agree that: (i) on and after the date on which the Bill of Sale is executed and delivered, they shall hold their resxxxxive undivided interests in the Power Transfer System (each, an "Ownership Interest") as tenants-in-common, (ii) on and after the date on which the Bill of Sale is executed and delivered, the percentage Ownership Xxxxrest of each of the Co-Tenants in the Power Transfer System shall be as set forth on Exhibit B, and (iii) on and after the Effective Date, each Co-Tenant shall be entitled to use the capacity of the Power Transfer System in accordance with the capacity allocated to each Co-Tenant (the "Co-Tenants Capacity") as set forth on Exhibit B. In no event shall the Co-Tenant's Capacity of any Co-Tenant be less than 110% of its Project Nameplate Rated Capacity, as set forth on Exhibit B. The full capacity of the Power Transfer System to transmit electrical power is 400 megawatts, as the same may be increased from time to time (the "Full Capacity"). In the event that, SR Partnership, at its sole expense, increases the existing Full Capacity of the Power Transfer System, such increase in capacity shall belong to SR Partnership and each Co-Tenant's Ownership Interest in the Power Transfer System and the Transmission Line Easements and SR Partnership's Co-Tenant's Capacity shall be adjusted accordingly. As of the Effective Date, the maximum capacity (the "Interconnected Capacity") which each Co-Tenant has available for transmission through the Power Transfer System is as set forth on Exhibit B hereto. The Interconnected Capacity of each Co-Tenant shall be revised (and Manager shall circulate a revised Exhibit B), from time to time, to reflect the maximum capacity which each Co-Tenant has available for transmission through the Power Transfer System, but in no event shall any Co-Tenant's Interconnected Capacity exceed its Co-Tenants Capacity.
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Related to Ownership Interest and Capacity

  • No Ownership Interest Nothing contained in this Agreement shall be deemed to vest in Parent or Merger Sub any direct or indirect ownership or incidence of ownership of or with respect to any Shares. All rights, ownership and economic benefits of and relating to the Shares shall remain vested in and belong to Stockholder, and Parent and Merger Sub shall have no authority to manage, direct, superintend, restrict, regulate, govern, or administer any of the policies or operations of the Company or exercise any power or authority to direct Stockholder in the voting of any of the Shares, except as otherwise provided herein.

  • Ownership Interests Borrower owns no interest in any Person other than the Persons listed in SCHEDULE 6.4, equity investments in Persons not constituting Subsidiaries permitted under SECTION 8.7 and additional Subsidiaries created or acquired after the Closing Date in compliance with SECTION 7.19.

  • Ownership Interest 41 Pass-Through Rate............................................................41

  • Protection of Ownership Interests of the Purchasers (a) Seller agrees that from time to time, at its expense, it will promptly execute and deliver all instruments and documents, and take all actions, that may be necessary or desirable, or that the Agent may reasonably request, to perfect, protect or more fully evidence the Purchaser Interests, or to enable the Agent or the Purchasers to exercise and enforce their rights and remedies hereunder. After the occurrence of an Amortization Event, the Agent may, or the Agent may direct Seller or the Servicer to, notify the Obligors of Receivables, at Seller's expense, of the ownership or security interests of the Purchasers under this Agreement and may also direct that payments of all amounts due or that become due under any or all Receivables be made directly to the Agent or its designee. Seller or the Servicer (as applicable) shall, at any Purchaser's request, withhold the identity of such Purchaser in any such notification.

  • OWNERSHIP INTERESTS OF INTERESTED PERSONS COMPETITORS. . . . . . . . . . 9 2.28 PAYORS. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9

  • Ownership/No Claims Each Loan Party owns, or is licensed to use, all patents, patent applications, trademarks, trade names, servicemarks, copyrights, technology, trade secrets, proprietary information, domain names, know-how and processes necessary for the conduct of its business as currently conducted (the "INTELLECTUAL PROPERTY"), except for those the failure to own or license which, individually or in the aggregate, could not reasonably be expected to result in a Material Adverse Effect. No claim has been asserted and is pending by any person challenging or questioning the use of any such Intellectual Property or the validity or effectiveness of any such Intellectual Property, nor does any Loan Party know of any valid basis for any such claim, in each case that could reasonably be expected to result in a Material Adverse Effect. The use of such Intellectual Property by each Loan Party does not infringe the rights of any person, except for such claims and infringements that, individually or in the aggregate, could not reasonably be expected to result in a Material Adverse Effect.

  • Ownership Interest, Etc The Seller shall (and shall cause the Servicer to), at its expense, take all action necessary or desirable to establish and maintain a valid and enforceable undivided percentage ownership or security interest, to the extent of the Purchased Interest, in the Pool Receivables, the Related Security and Collections with respect thereto, and a first priority perfected security interest in the Pool Assets, in each case free and clear of any Adverse Claim, in favor of the Administrator (for the benefit of the Purchasers), including taking such action to perfect, protect or more fully evidence the interest of the Administrator (for the benefit of the Purchasers) as the Administrator, may reasonably request.

  • Ownership, Voting Rights, Duties This Agreement shall not affect in any way the ownership, voting rights or other rights or duties of Purchaser, except as specifically provided herein.

  • Ownership, No Liens, etc The Pledgor is the legal and beneficial owner of, and has good and marketable title to (and has full right and authority to pledge and assign), the Pledged Collateral, free and clear of all Liens except Permitted Liens.

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