Project Ownership Agreement Sample Contracts

BIG STONE SOUTH – ELLENDALE PROJECT PROJECT OWNERSHIP AGREEMENT Dated as of June 12, 2015
Project Ownership Agreement • August 10th, 2015 • Otter Tail Corp • Electric services • North Dakota

THIS ASSIGNMENT, ASSUMPTION, PARTIAL NOVATION AND JOINDER AGREEMENT (this “Agreement”), dated as of ________________, _____ (the “Assignment Effective Date”), by and among ___________________, a ___________ (“Assignor”), ___________________, a _________________ (“Assignee”) and [insert the name of the then- current other Owner of the Project, excluding the Assignor] (the “Other Owner”). Capitalized terms not otherwise defined herein shall have the respective meanings ascribed to such terms in the Project Ownership Agreement, dated as of [___________, 20__], by and between Otter Tail Power Company, a corporation organized and existing under the laws of the State of Minnesota, and Montana-Dakota Utilities Co., a division of MDU Resources Group, Inc., a Delaware corporation (the “Project Ownership Agreement”).

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