Common use of Sale of Used Equipment Clause in Contracts

Sale of Used Equipment. Operator shall, as agent for Owner, undertake to sell equipment that is no longer used or useful in the operations of the Cogen Facility and for which a replacement has been obtained. The terms of any such sale shall be subject to Owner's prior approval.

Appears in 3 contracts

Samples: Cogeneration Development Agreement, Cogeneration Development Agreement (Southern Co), Cogeneration Development Agreement (Southern Co)

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Sale of Used Equipment. Operator shall, as agent for Owner, undertake to sell equipment that is no longer used or useful in the operations of the Cogen Facility and for which a replacement has been obtained. The terms of any such sale shall be subject to Owner's prior approval.

Appears in 1 contract

Samples: Facility Operations and Maintenance Agreement (Cogentrix Energy Inc)

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