Facility Property definition

Facility Property means the portion of the Land on which a Facility is located or will be constructed, the legal description of which is set forth beneath the applicable Facility Name on Exhibit A, the Improvements on such portion of the Land, the Related Rights with respect to such portion of the Land, and Landlord’s Personal Property with respect to such Facility.

Facility Property means, together

Facility Property shall have the meaning set forth in Section 6.19.

Examples of Facility Property in a sentence

• All damages awarded for such Taking under the power of eminent domain shall be the property of Landlord, whether such damages shall be awarded as compensation for diminution in value of the leasehold or the fee of the Facility Property.

• On May 6, 2022, the Company closed the sale of the Facility and the Facility Property for total consideration of $12,730,942 (C$16,400,000).

• The termination of this Lease as to one Facility Property due to a taking is the result of circumstances beyond the control of Landlord and Tenant and the parties affirm that, except for such specific isolated situation, this Lease is intended to be a single indivisible lease.

• Upon such termination, the Investment Amount shall be reduced by the actual net award for such Taking received by Landlord and Rent hereunder shall be reduced accordingly unless there is only one Facility Property subject to this Lease in which case the Lease will terminate.

• Upon such termination, the Lease Amount shall be reduced by the Allocated Lease Amount for such Facility Property and Rent hereunder shall be reduced accordingly unless there is only one Facility Property subject to this Lease in which case the Lease will terminate.

More Definitions of Facility Property

Facility Property means property owned by a municipality

Facility Property means all property rights owned, leased, or otherwise obtained by Seller for the use of the Facility for its intended purpose, including (i) the Facility; (ii) the Site; (iii) Seller’s Interconnection Facilities; (iv) the Facility collection facilities and substation; (v) Seller’s rights and obligations under the Generator Interconnection Agreement; (vi) Permits, and all material contracts; and (vii) all Facility fixtures, equipment and personal property.

Facility Property means any one Facility and the Land on which such Facility is located.

Facility Property means the Facility and the Facility Land, together.

Facility Property means all property rights necessary for the use of the Facility for its intended purpose, including (i) the Facility; (ii) the Site; (iii) Seller’s Interconnection Facilities; (iv) the Facility collection facilities and substation; (v) Seller’s rights and obligations under the Interconnection Agreement and the Shared Facilities Agreement; (vi) permits, and all material contracts; and (vi) all Facility fixtures, equipment and personal property. Seller agrees that no assignment of this PPA by Seller and no sale or conveyance of the Facility Property by Seller to any third party shall be made unless, in either case, (i) the assignment or conveyance otherwise complies with the provisions of this PPA (including, but not limited to Article 19), and (ii) the assignee or transferee assumes Seller’s obligations under the Option Agreement and the assignment or conveyance does not materially impair Company’s rights or ability to exercise the Option in accordance with the terms of the Option Agreement.

Facility Property means property owned or leased by a

Facility Property means the entire Facility Property unless expressly stated otherwise.