Plant Construction. SM shall, at its own cost, construct such new facilities, or expand or modify the existing Manufacturing Plant, as necessary to produce, manufacture, package, store, inventory and distribute the NTC Products under this Agreement, including all materials, components, and other items for the NTC Products in accordance with the terms and conditions of this Agreement. SM shall provide all utilities for construction and operation of the Manufacturing Plant, including, but not limited to, gas, water and electricity. Contemporaneously herewith, SM and NTC shall enter into a lease for office and research laboratory space at the Swedish Match Leaf location at 0000 Xxxxx Xxxx, Owensboro, Kentucky 42301 or such other facility as mutually agreed and as set forth in Exhibit C (“Office Space and Research Laboratory Lease”). NTC will be responsible for all costs, procurement and installation of all furnishings and equipment that it requires at such facility.
Plant Construction. During the period of preparation and construction of the Plant, the General Manager, in accordance with policies set forth by the Board of Directors, shall negotiate and sign all contracts for the design and construction of the Plant, and approve the commitment and application of all funds. Under the direction of the General Manager, the management of the Company shall (i) review the preliminary design and layout plans of the Plant; (ii) select 湖南省第四工程公司天津分公司 Hunan Number 4 Engineering Company, Tianjin Branch or such other construction and engineering contractor as may be approved by the Board of Directors of the Company pursuant to Section 14.7 of this Agreement to supervise and manage the engineering and construction of the Plant and other Company facilities; and (iii) together with the designated contractor, finalize the design and layout plans and submit necessary modifications and cost estimates to the Board for approval.
Plant Construction. During the period of preparation and construction of the Plant, the General Manager, in accordance with policies set forth by the Board of Directors, shall negotiate and sign all contracts for the design and construction of the Plant, and approve the commitment and application of all funds. Under the direction of the General Manager, the management of the Company shall (i) review the preliminary design and layout plans of the Plant set forth in Schedule 4; (ii) select one of the following construction and engineering contractors to supervise and manage the engineering and construction of the Plant and other Company facilities: [Contractor], [Contractor], or [Contractor]; or (iii) together with the designated contractor, finalize the design and layout plans and submit necessary modifications and cost estimates to the Board for approval.
Plant Construction. 12.1 In the event the Parties agree or it is determined as set forth in Article 11 hereof to set up a Treatment Plant and or Transportation Facilities, and a Concession for same is granted by the Government, Second Party shall be responsible for making necessary arrangements for the design, engineering purchasing of material and equipment and construction of the Treatment Plant and or Transportation Facilities and its commencement of operation.
12.2 In discharging the duties undertaken by it under Article 12.1 above, Second Party shall be responsible, amongst other things, for the compilation of all data, specifications drawings, conditions of contract end other documents and information necessary or desirable for obtaining tenders on an international basis for the design, engineering, purchasing of materials and equipment and construction of the Treatment Plant and or Transportation Facilities. No such data, specifications, drawings, conditions of contract, documents or information shall be published or distributed unless the same shall have been approved by PETROMIN provided that this requirement shall not apply if PETROMIN does not hold an interest in the Concession. [GENERAL PETROLEUM & MINERAL ORGANIZATION LETTERHEAD]
12.3 Upon such approval having been given, Second Party shall invite tenders for the design, engineering, purchasing of materials and equipment and construction of the Plant/Transportation Facilities from such persons and in such countries as the Parties to this Contract agree in advance.
Plant Construction. Buyer shall be responsible for constructing Buyer’s Plant within Buyer’s Plant Land Area at Buyer’s own cost and expense. Buyer may expand or modify Buyer’s Plant, within Buyer’s Plant Land Area, at any time during the Term. Seller shall cooperate with Buyer in connection with scheduling the construction and installation of Buyer’s Plant, but, except as resulting from Seller’s negligence or willful misconduct or as otherwise set forth in this Agreement, Seller shall have no liability in connection therewith. Buyer shall comply with reasonable rules of Xxxxx Construction Company which are provided to Buyer in writing with reasonable advance notice, in connection with the construction of Buyer’s Plant.
Plant Construction. The construction of the plant itself is by far the single largest expense at approximately $120,000,000. Land Cost. We paid an approximate purchase price of $3,500,000 to purchase the land for our plant site. Site Development. We estimate that site development costs will be approximately $5,670,000. Construction Contingency. We project approximately $2,220,000 for unanticipated expenditures in connection with the construction of our plant. We plan to use excess funds for our general working capital. Construction Insurance Costs. We have budgeted approximately $225,000 for builder’s risk insurance, general liability insurance, workers’ compensation and property insurance. We have not yet determined our actual costs and they may exceed this estimate. Administration Building, Furnishings, Office and Computer Equipment. We anticipate spending approximately $760,000 to build our administration building on the plant site. We expect to spend an additional $85,000 on our furniture and other office equipment and $175,000 for our computers, software and network. November 30, 2007 direct phone: 500-000-0000 direct fax: 500-000-0000 email: jxxxxxx@xxxxxxxxxxx.xxx Home Federal Savings Bank Ladies/Gentlemen: We have acted as legal counsel for Homeland Energy Solutions, LLC, an Iowa limited liability company (“Borrower”), in connection with the transactions contemplated by the Master Loan Agreement between Borrower and Home Federal Savings Bank (“Lender”). We have been requested by Borrower to render certain opinions to you in connection with the Master Loan Agreement pursuant to Section 3.01(t) thereof. Capitalized terms not otherwise defined in this opinion letter shall have the meanings given to such terms as set forth in the Master Loan Agreement. For purposes of rendering these opinions, we have examined originals or copies of the following documents (the “Loan Documents”), each dated November 30, 2007 unless otherwise indicated:
Plant Construction. Processor will cause construction of a new nominal 200 MMcf/Day capacity cryogenic gas processing plant at a 161 acre site in the Southeast Quarter of Survey No. One, Block No. One of the International & Great Northern Railroad Company Survey, Abstract 000, Xxxxxxx Xxxxxx, Texas near Edna, Texas on property previously owned by Supplier (“Site”), to be known as the Eagle Plant (“Plant”). Supplier has transferred the Plant Site property to its former Affiliate DCP Eagle Plant LLC (“DCP Eagle”) by the terms of a Special Warranty Deed dated August 1, 2011. As of December 29, 2010, Supplier procured from Valerus Compression Services, LP (“Valerus”) the central processing unit that is to form the core processing unit for the new Plant (the “Eagle Plant Skid”). The Eagle Plant Skid was constructed in 2009 by T.H. Xxxxxxx and has not previously been placed into operation. Supplier transferred the Eagle Plant Skid to DCP Eagle by a Xxxx of Sale also dated as of August 1, 2011. Supplier sold all of the issued and outstanding ownership interests of DCP Eagle to Processor under a Purchase and Sale Agreement dated August 1, 2011. Processor agrees to promptly cause DCP Eagle to install the Eagle Plant Skid and to promptly construct the remainder of the Plant at the Site. The plans and construction activities for installation of the Eagle Plant Skid and all other Plant components, including all specifications and contractor selections, shall be subject to approval by Supplier. Without limitation, the additional Plant components to be installed will include raw gas delivery point connections with gathering systems of Supplier and the south Texas line of Trunkline Gas Company, LP (“Trunkline”), inlet gas measurement and analysis, dehydration, mol sieves, compression, Residue Gas delivery points to the facilities of Trunkline, a NGLs pipeline connection with either DCP Sandhills Pipeline, LLC or Wilbreeze Pipeline, LLC, and all other components and equipment deemed necessary or appropriate by the parties. The Plant design will be consistent with those stated in Exhibit D. Any changes in Exhibit D Plant design specifications and all direct contractor selections will be subject to approval by Supplier. Processor will use all reasonable efforts to cause DCP Eagle to complete construction of the Plant and to place it into operation no later than November 1, 2012. On or before the In Service Date, Processor will assign this Contract to DCP Eagle. Processor will remain responsibl...
