Common use of Transfers to Facilitate Exercise of Option Clause in Contracts

Transfers to Facilitate Exercise of Option. In the event MPWMD exercises its Option to own Phase I of the Desalination Plant, Company shall transfer sufficient title and interest to MPWMD for all improvements and appurtenances, site leases, agreements and/or contracts for source water, easements, and all other assets necessary for the location and operation of Phase I of the Desalination Plant.

Appears in 4 contracts

Samples: Sharing Agreement, Sharing Agreement, Sharing Agreement

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