Common use of Surplus Clause in Contracts

Surplus. 8.1 If a facility is excluded from a target unit, the Operator must determine how any surplus should be distributed between the facilities that have been excluded from the target unit and the facilities remaining in the target unit and must notify the Administrator of the redistribution within 20 working days of the facility being excluded from the target unit. 8.2 If an Operator fails to notify the Administrator of the redistribution in accordance with Rule 8.1 any surplus remains with the facilities remaining in the target unit. 8.3 If facilities join a target unit, any surplus attributable to those joining facilities may be used by the target unit as a whole.

Appears in 104 contracts

Samples: Climate Change Levy Agreement, Climate Change Agreement, Climate Change Levy Agreement

AutoNDA by SimpleDocs
Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!