Ownership of Dam Facilities. GBRA shall be the owner of the Dam Facilities including all related appurtenances, sites, rights-of-way, easements and all enlargements, extensions or improvements thereto. Notwithstanding the foregoing, to the extent that it is determined that the WCID must have an ownership interest or contract rights in the Initial Improvements in order to lawfully fund any payments for which it is responsible hereunder, GBRA agrees to convey to the WCID such undivided ownership interest or contract rights in the facilities constructed. Any such conveyance shall not alter GBRA’s right and authority to operate and maintain the Dam Facilities in its sole and absolute discretion within the limits of this Contract and subject to the terms of Article VII of this Contract. At such time as:
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Ownership of Dam Facilities. GBRA shall be the owner of the Dam Facilities including all related appurtenances, sites, rights-of-way, easements and all enlargements, extensions or improvements thereto. Notwithstanding the foregoing, to the extent that it is determined that the WCID must have an ownership interest or contract rights in the Initial Improvements in order to lawfully fund any payments for which it is responsible hereunder, GBRA agrees to convey to the WCID such undivided ownership interest or contract rights in the facilities constructed. Any such conveyance shall not alter GBRA’s right and authority to operate and maintain the Dam Facilities in its sole and absolute discretion within the limits of this Contract and subject to the terms of Article VII of this Contract. At such time as:
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