OWNERSHIPS AND TITLES. 6.1 PNM and TEP, respectively, each has an undivided one-half (1/2) ownership interest in the real property interests described in Exhibit I as Parcels A through F.
6.2 Unless otherwise provided in Exhibit IV, the Units and other facilities of the San Xxxx Project and Capital Improvements shall be owned and title held by the Participants, in the following percentages:
6.2.1 For Units 1 and 2 and for all equipment and facilities directly related to Units 1 and 2 only, in accordance with the following percentages:
6.2.1.1 PNM: 50 percent
6.2.1.2 TEP: 50 percent
OWNERSHIPS AND TITLES. 6.1. The Participants shall construct the Four Corners Project in accordance with the Project Agreements and their rights, titles and interests therein shall be as provided in this Co-Tenancy Agreement, the §323 Grant and the New Lease.
6.1.1. For those Participants in the Enlarged Four Corners Generating Station who have made or are committed to make, as of December 31, 1981, those Capital Items shown on Exhibit 7 or Exhibit 8 hereto on any of the Leased Lands, such Participants are hereby granted an easement or easements for such uses of the occupied Leased Lands on which such Capital Items are located or are to be located, for the term of the Co-Tenancy Agreement. The ownership of each Participant in such Capital Items and the right of such Participant to occupy a portion of such Leased Lands shall be equal to the percentage cost of investment in such Capital Items paid by such Participant. At the request of a Participant, approved easements will be evidenced by separate easement documents in recordable form setting forth the approved uses and approved locations.
6.1.2. Any of the Participants in the Enlarged Four Corners Generating Station shall have the right, at its own expense, to add any Capital Item on the Leased Lands and to use the portion of the Leased Lands occupied by such Capital Item for the term of this Co-Tenancy Agreement; provided that approval has been obtained pursuant to Section 8.6 of the Four Corners Project Operating Agreement.
6.1.3. Any Participant owning an interest in a Capital Item shall have the right to affix its name to such Capital Item in a manner and at a location to be approved pursuant to Section 8.6 of the Operating Agreement.
6.1.4. If any Capital Item is severed or removed from such Leased Lands, at the request of the grantor Participant of such Leased Lands, such severance or removal shall be evidenced by bills of sale from the grantee Participant to the grantor Participant.
6.2. The Participants shall hold title to and own as tenants in common all the facilities forming part of the Four Corners Project (excluding the Common Facilities, the Switchyard Facilities, the New Facilities, the Related Facilities not included in the New Facilities, and the Reserve Auxiliary Power Source) as follows:
6.2.1. Arizona shall own an undivided 63% interest therein.
6.2.2. NTEC shall own an undivided 7% interest therein.
6.2.3. New Mexico shall own an undivided 13% interest therein.
6.2.4. Salt River Project shall own an undivide...
OWNERSHIPS AND TITLES. 6.1 PNM and TEP, respectively, each has an undivided one-half (1/2) ownership interest in the real property interests described in Exhibit I as Parcels A through F.
6.2 Unless otherwise provided in Exhibit IV, the Units and other facilities of the San Xxxx Project and Capital Improvements shall be owned and title held by the Participants in the following percentages:
6.2.1 For Units 1 and 2 and for all equipment and facilities directly related to Units 1 and 2 only, in accordance with the following percentages:
6.2.1.1 PNM: 50 percent
6.2.1.2 TEP: 50 percent
6.2.1.3 [Omitted]
6.2.1.4 Farmington: 0 percent
6.2.1.5 [Omitted]
6.2.1.6 LAC: 0 percent
6.2.1.7 [Omitted]
6.2.1.8 [Omitted]
6.2.1.9 UAMPS: 0 percent
6.2.1.10 PNMR-D: 0 percent
6.2.2 For Unit 3 and for all equipment and facilities directly related to Unit 3 only, in accordance with the following percentages:
6.2.2.1 PNM: 100 percent
6.2.2.2 TEP: 0 percent
6.2.2.3 [Omitted]
6.2.2.4 Farmington: 0 percent
6.2.2.5 [Omitted]
6.2.2.6 LAC: 0 percent
6.2.2.7 [Omitted]
6.2.2.8 [Omitted]
6.2.2.9 UAMPS: 0 percent
6.2.2.10 PNMR-D: 0 percent
6.2.3 For Unit 4 and for all equipment and facilities directly related to Unit 4 only, in accordance with the following percentages:
6.2.3.1 PNM: 64.482 percent
6.2.3.2 TEP: 0 percent
6.2.3.3 [Omitted]
OWNERSHIPS AND TITLES. 6.1 The Co-Tenants shall acquire and own undivided interests as tenants in common in the Navajo Generating Station, the Water Service Contract, the Arizona Water Permit, the Coal Supply Agreement, the Conditional Partial Assignment, and those Project Agreements relating to land and land rights for the Navajo Generating Station to which the United States is not a party in its capacity as a Participant, as follows:
6.1.1 Arizona = 14.0%
6.1.2 Los Angeles = 21.2%
6.1.3 Nevada = 11.3%
6.1.4 Salt River Project = 21.7% for its own use and benefit and 24.3% for the use and benefit of the United States in accordance with Project Agreements
6.1.5 Tucson = 7.5%
6.2 The Co-Tenants shall acquire and own undivided interests as tenants in common in the Components of the Transmission System as follows:
6.2.1 Navajo 500 kv Switchyard Navajo-Moenkopi 500 kv line (i) Arizona = 14.0%
