Examples of Existing Common Facilities in a sentence
The revised Common Facilities Ownership Shares shall be used as the basis for the acquisition by KEPCO and MJMEUC of their shares of Existing Common Facilities, and any overpayment or underpayment by KEPCO and MJMEUC of costs of Common Facilities Upgrades resulting from the adjustment of their Common Facilities Ownership Shares shall be adjusted against their purchase price for the Existing Common Facilities.
The Unit 2 Owners intend to construct and own (in common with the Unit 1 Owners as provided herein) certain enhancements and improvements to the Existing Common Facilities in order to facilitate the joint operation of Unit 1 and Unit 2 (such enhancements and improvements, as more fully described in Exhibit D, the “Common Facilities Upgrades” and, together with the Existing Common Facilities, the “Common Facilities”).
Ad valorem taxes on the Existing Common Facilities for the year in which the Reciprocal Conveyance Date occurs shall be prorated between KCPL and the other Owners based upon their Common Facilities Ownership Shares.
Owners shall be responsible for all sales and transfer taxes and recording fees incurred, if any, in connection with the conveyance to Owners of such undivided interests in Unit 2 and Existing Common Facilities, pursuant to this Agreement.
DPC will make available to WPSC copies of any audits, related only to Weston 4 or the Weston New or Existing Common Facilities, conducted by its staff or external auditors or consultants or regulatory bodies and will provide such copies to WPSC within 30 calendar days after the final audit report is issued.
According to Deputy Minister of Public Welfare (2010), there are several ways to address the problem of poverty, namely: 1) family-based integrated social assistance; 2) poverty reduction based Empowerment of Community; and 3) community development based on Small and Micro Enterprises (SMEs).
These Existing Common Facilities will be described and listed by mutual agreement of the Xxxx 0 Xxxxxxxxxxxx Xxxxxxxxx as of the date of commercial operation.
Any transfer of right, title or interest to any Weston New or Existing Common Facilities shall be expressly made subject to the rights of use of such Weston New or Existing Common Facilities by the co-owners of Weston 4 as set forth herein, and the Companies shall record an appropriate memorandum or other notice of this restriction in the appropriate land records.
MJMEUC and KEPCO also desire to participate in the undivided ownership of the Existing Common Facilities to the extent they are utilized by Unit 2.
Each Company shall be liable for and pay for all costs, other than fuel and variable unit train costs and the costs of transmission and delivery of Weston 4 energy after the point of interconnection with the ATC transmission system, incurred in connection with such facilities in proportion to their Ownership Shares in Weston 4, or in the case of the Weston New or Existing Common Facilities, in proportion to their New Common Ownership Shares or Existing Common Ownership Shares, as applicable.