Common use of Unit Appraisal Clause in Contracts

Unit Appraisal. (a) No later than ninety (90) days and no earlier than one hundred twenty (120) days prior to the Lease Effective Date, Lessor shall submit to Lessee, with a copy to the PSCW, a written list of proposed Appraisers. Lessee shall select one (1) of the Appraisers from Lessor's list and give written notice thereof to Lessor and the PSCW. The PSCW shall either approve the Appraiser selected by Lessee or choose a different Appraiser from Lessor's list. The Appraiser selected in accordance with this Section 4.6(a) (the "Unit Appraiser") shall appraise Unit 2 (excluding the Site Improvements) in accordance with Section 4.6(b).

Appears in 1 contract

Samples: Facility Lease Agreement (Wisconsin Electric Power Co)

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Unit Appraisal. (a) No later than ninety (90) days and no earlier than one hundred twenty (120) days prior to the Lease Effective Date, Lessor shall submit to Lessee, with a copy to the PSCW, a written list of proposed Appraisers. Lessee shall select one (1) of the Appraisers from Lessor's list and give written notice thereof to Lessor and the PSCW. The PSCW shall either approve the Appraiser selected by Lessee or choose a different Appraiser from Lessor's list. The Appraiser selected in accordance with this Section 4.6(a) (the "Unit Appraiser") shall appraise Unit 2 1 (excluding the Site Improvements) and the Transferred Assets in accordance with Section 4.6(b).

Appears in 1 contract

Samples: Washington I Facility Lease Agreement (Wisconsin Electric Power Co)

Unit Appraisal. (a) No later than ninety (90) days and no earlier than one hundred twenty (120) days prior to the Lease Effective Date, Lessor shall submit to Lessee, with a copy to the PSCW, a written list of proposed Appraisers. Lessee shall select one (1) of the Appraisers from Lessor's ’s list and give written notice thereof to Lessor and the PSCW. The PSCW shall either approve the Appraiser selected by Lessee or choose a different Appraiser from Lessor's ’s list. The Appraiser selected in accordance with this Section 4.6(a) (the "Unit Appraiser") shall appraise the Unit 2 Facility (excluding the Site Improvements) in accordance with Section 4.6(b).

Appears in 1 contract

Samples: Assignment and Assumption Agreement (Wisconsin Energy Corp)

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Unit Appraisal. (a) No later than ninety (90) days and no earlier than one hundred twenty (120) days prior to the Lease Effective Date, Lessor shall submit to Lessee, with a copy to the PSCW, a written list of proposed Appraisers. Lessee shall select one (1) of the Appraisers from Lessor's ’s list and give written notice thereof to Lessor and the PSCW. The PSCW shall either approve the Appraiser selected by Lessee or choose a different Appraiser from Lessor's ’s list. The Appraiser selected in accordance with this Section 4.6(a) (the "Unit Appraiser") shall appraise the Unit 2 1 Facility (excluding the Site Improvements) in accordance with Section 4.6(b).

Appears in 1 contract

Samples: Assignment and Assumption Agreement (Wisconsin Energy Corp)

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