Facility Operation Agreement definition

Facility Operation Agreement means an agreement to be negotiated between the Parties which will provide, in general terms, rights for New Co to use the Facility and assemble Panels for distribution to the Customers.
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Facility Operation Agreement means that agreement between FVMWC and FVWA pursuant to which the extraction, conveyance and delivery of water from the Project shall be governed. The terms of the Facility Operation Agreement shall include: (i) the responsibility of FVMWC for paying or reimbursing costs incurred by FVWA, County and SMWD for overseeing compliance with the GMMMP on a time and materials basis; (ii) permitting FVWA and FVMWC to contract with third parties, including another Project Participant, another local public agency, other person or entity, to provide for the day-to-day operation and maintenance of the Project, as well as bookkeeping and administration duties; (iii) the responsibility of FVMWC for all day-to-day operations; (iv) the responsibility of FVMWC for the collection of proceeds from the sale of water to SMWD and other Project Participants; and (v) the proper allocation and payment of all costs and charges related to the operation of the Project, including payment due and payable to Cadiz, as described in Section 9.2.
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Facility Operation Agreement means that agreement, to be executed between FVMWC and FVWA, pursuant to which the extraction, conveyance, and delivery of water from the Project shall be governed. The terms of the Facility Operation Agreement shall include: (i) the responsibility of FVMWC for paying or reimbursing costs incurred by FVWA, the County and SMWD for overseeing compliance with the GMMMP on a time and materials basis; (ii) the authorization of FVWA and FVMWC to contract with third parties, including another Project Participant, another local public agency, other person or entity, to provide for the day-to-day operation and maintenance of the Project, as well as bookkeeping and administration duties; (iii) the responsibility of FVMWC for all day-to-day operations; (iv) the responsibility of FVMWC for the collection of proceeds from the sale of water to SMWD, SLWD and other Project Participants; and (v) the proper allocation and payment of all costs and charges related to the operation of the Project, including payment due and payable to Cadiz, as described in Section 8.1.
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Examples of Facility Operation Agreement in a sentence

  • The use of the Project Facilities to produce and deliver Project Water shall be governed by the Facility Operation Agreement between FVWA and FVMWC.

  • At the end of the term of the Facility Lease, the Project Facilities shall become the property of FVWA, but shall continue to be operated and maintained for the duration of the Water Lease in accordance with the terms of the Facility Operation Agreement.

  • In consideration of the Water Lease, FVMWC shall collect and deliver to Cadiz all charges and payments (i) payable by SLWD under this Agreement and (ii) which are negotiated between Cadiz and by the Project Participants, subject to payments and offsets set forth in the Facility Operation Agreement.

  • FVMWC will aggregate all SLWD Payments with all other charges received from other Project Participants and shall allocate funds received from such charges to fund the payments and offsets set forth in the Facility Operation Agreement and thereafter remit the remaining aggregate funds to Cadiz pursuant to the terms of the Water Lease.

  • The use of the Project Facilities to produce and deliver Project Water will be governed by the Facility Operation Agreement between FVWA and FVMWC.