Footprint Projects means T&D Projects that are (i) (A) transmission assets that are added to an existing transmission substation that comprises a part of the CREZ Assets or hang from transmission towers that comprise a part of the CREZ Assets or (B) Reclassified Projects and (ii) funded by expenditures that are or are expected to be capitalized under GAAP and that are within the items described in Section 1.1(b)(i)-(v) (specifically excluding Section 1.1(b)(vi)).
Footprint Projects means T&D Projects that are (i) (A) located in the distribution service territory of the Xxxxxxx/Xxxxx/Xxxxxxx Assets or the Xxxxxxx Transmission Loop Assets, (B) transmission assets that are added to an existing transmission substation that comprises a part of the Xxxxxxx/Xxxxx/Xxxxxxx Assets or the Xxxxxxx Transmission Loop Assets or hang from transmission towers within the Xxxxxxx/Xxxxx/Xxxxxxx Assets or the Xxxxxxx Transmission Loop Assets or (C) Reclassified Projects and (ii) funded by expenditures that are or are expected to be capitalized under GAAP and that are within the items described in Section 1.1(b)(i)-(vii) (specifically excluding Section 1.1(b)(viii)).
Footprint Projects has the meaning set forth in the recitals.
Examples of Footprint Projects in a sentence
Lessee will either use its personnel, or either Lessee or Lessor will contract with third parties, to construct Footprint Projects.
Lessor’s obligation to fund Footprint Projects pursuant to this Section 10.2 shall include any costs associated with such Footprint Projects that Lessee is not allowed to recover through its PUCT-approved rates.
Lessor shall be entitled to all sums received by reason of any such taking or condemnation, except for that portion of such award, if any, which is expressly awarded for the Lessee’s leasehold interest under this Agreement or which is awarded for any property owned by Lessee (including any Footprint Projects funded by Lessee).
Except as set forth in this Section 10.3, Lessee may not fund any Footprint Projects.
Lessor agrees to fund any Footprint Projects contained in the CapEx Budget (as revised from time to time).
More Definitions of Footprint Projects
Footprint Projects shall have the meaning assigned to such term in the Lease Agreements, as amended from time to time in accordance with the Lease Agreements.
Footprint Projects means T&D Projects that (a) are located in the distribution service territory of an electric distribution utility that is leasing T&D Assets from a REIT Entity that are being used in that distribution service territory, (b) constitute a Transmission Addition to the transmission assets owned by a REIT Entity or (c) are Reclassified Projects. For purposes of the definition of Footprint Projects, the distribution service territory in part (a) of the definition and the transmission assets in part (b) of the definition will be deemed to include the distribution service territory and transmission assets of any T&D Projects acquired by the REIT Entities after the date of this Agreement; provided, however, that to the extent that Xxxx or an Affiliate thereof is actively developing a T&D Project in the distribution service territory of any T&D Projects or Operating T&D Assets acquired by the REIT after the date of this Agreement at the time of such acquisition (including any ROFO Project), the T&D Project being actively developed by Xxxx or such Affiliate will not be characterized as a Footprint Project. For avoidance of doubt, if a REIT Entity acquires a ROFO Project or other T&D Assets, then any such acquisition will expand the definition of Footprint Project hereunder such that, after the related T&D Project is acquired by a REIT Entity, Transmission Additions to any such T&D Assets will constitute Footprint Projects.
Footprint Projects means T&D Projects that are (i) (A) located in the distribution service territory of the ERCOT Transmission Assets, (B) transmission assets that are added to an existing transmission substation that comprises a part of the ERCOT Transmission Assets or hang from transmission towers that comprise a part of the ERCOT Transmission Assets or (C) Reclassified Projects and (ii) funded by expenditures that are or are expected to be capitalized under GAAP and that are within the items described in Section 1.1(b)(i)-(v) (specifically excluding Section 1.1(b)(vi)).
Footprint Projects means T&D Projects that (i) are located in the McAllen Service Territory, (ii) are added as part of an existing transmission substation that comprises a part of the System or hang from transmission towers that comprise a part of the System or (iii) constitute Reclassified Projects; provided that such T&D Projects are funded by expenditures that are or are expected to be capitalized under GAAP and are within the items described in Section 1.1(b)(i)-(vii) (specifically excluding Section 1.1(b)(viii)).
Footprint Projects means T&D Projects that (i) are located in the Permian Service Territory, (ii) are added as part of an existing transmission substation that comprises a part of the Permian Assets or the Xxxxxxx Transmission Loop Assets or hang from transmission towers that comprise a part of the Permian Assets or the Xxxxxxx Transmission Loop Assets or (iii) constitute Reclassified Projects; provided that such T&D Projects are funded by expenditures that are or are expected to be capitalized under GAAP and are within the items described in Section 1.1(a)(i)-(vi) (specifically excluding Section 1.1(a)(vii)).
Footprint Projects means T&D Projects that (a) are located in the distribution service territory of an electric distribution utility that is leasing T&D Assets from a REIT Entity that are being used in that distribution service territory, (b) constitute a Transmission Addition to the transmission assets owned by a REIT Entity, (c) connect or are otherwise added to transmission lines or other property that comprise a part of the Acquired STL Assets or (d) are Reclassified Projects. For purposes of the definition of Footprint Projects, the distribution service territory in part (a) of the definition and the transmission assets in part (b) of the definition will be deemed to include (i) the Legacy Service Territory and (ii) the distribution service territory and transmission assets of any T&D Projects acquired by the REIT Entities after the date of this Agreement; provided, however, that to the extent that Xxxx or an Affiliate thereof is actively developing a T&D Project in the distribution service territory of any T&D Projects or Operating T&D Assets acquired by the REIT after the date of this Agreement at the time of such acquisition (including any ROFO Project), the T&D Project being actively developed by Xxxx or such Affiliate will not be characterized as a Footprint Project. For avoidance of doubt, if a REIT Entity acquires a ROFO Project or other T&D Assets, then any such acquisition will expand the definition of Footprint Project hereunder such that, after the related T&D Project is acquired by a REIT Entity, Transmission Additions to any such T&D Assets will constitute Footprint Projects.
Footprint Projects means T&D Projects that (i) are located in the Xxxxxxx/Xxxxx/Xxxxxxx Service Territory, (ii) are added as part of an existing transmission substation that comprises a part of the Xxxxxxx/Xxxxx/Xxxxxxx Assets or the Xxxxxxx Transmission Loop Assets or hang from transmission towers that comprise a part of the Xxxxxxx/Xxxxx/Xxxxxxx Assets or the Xxxxxxx Transmission Loop Assets or (iii) constitute Reclassified Projects; provided that such T&D Projects are funded by expenditures that are or are expected to be capitalized under GAAP and are within the items described in Section 1.1(b)(i)-(vii) (specifically excluding Section 1.1(b)(viii)).