Examples of Project Controlled Assets in a sentence
Each Party shall bear the risk of damage, loss, condemnation, or taking to or of its Project Controlled Assets (other than any portion of such Project Controlled Assets that constitutes Common Facilities).
Each Party shall have the right (but not the obligation, unless otherwise required above) to participate in the management and control of all investigations and any environmental clean up, remediation or related activities relating to its Project Controlled Assets.
Each Party covenants and agrees to promptly provide a copy to the other Party of any written correspondence between it and any governmental authority with respect to environmental matters relating to the Common Facilities or its other Project Controlled Assets to the extent that it could reasonably be expected to materially and adversely affect the Common Facilities or the other Party’s other Project Controlled Assets.
Each Party will have the right (but not the obligation, unless otherwise required above) to participate in the management and control of all investigations and any environmental clean up, remediation or related activities relating to such Party’s Project Controlled Assets.
A Financing Party shall only be liable under this Agreement while it is in possession of or is the owner of an Undivided Interest and only to the extent of its interest in the relevant Co-Tenant’s Project, Project Controlled Assets, Undivided Interest and interests under this Agreement and the LGIA.
Each Co- Tenant will have the right (but not the obligation, unless otherwise required above) to participate in the management and control of all investigations and any environmental clean-up, remediation or related activities relating to such Co-Tenant’s Project Controlled Assets.
Each Party is required to operate and maintain its Project Controlled Assets (other than any portion of such Project Controlled Assets that constitutes Common Facilities) and to utilize the Common Facilities acting as a prudent operator and manager and otherwise (i) in a safe manner, (ii) in accordance with good operating practice, (iii) in compliance with all Laws and (iv) without causing a material adverse effect on the other Party.
Each Party is required to operate and maintain its Project Controlled Assets (other than any portion of such Project Controlled Assets that constitutes Common Facilities) and to utilize the Common Facilities acting as a prudent operator (Xxxxx Wind Energy Center, LLC) 1557237.09-WASSR01A - MSW and manager and otherwise (i) in a safe manner, (ii) in accordance with good operating practice, (iii) in compliance with all Laws and (iv) without causing a material adverse effect on the other Party.
Each Party is required to operate and maintain its Project Controlled Assets (other than any portion of such Project Controlled Assets that constitutes Common Facilities) and to utilize the Common Facilities acting as a prudent operator and manager and otherwise (i) in a safe manner, (ii) in accordance with good operating practice and (iii) in compliance with all Laws and (iv) without causing a material adverse effect on the other Party.
Each Party covenants and agrees to promptly provide a copy to the other Party of any written (Xxxxx Wind Energy Center, LLC) 1557237.09-WASSR01A - MSW correspondence between it and any governmental authority with respect to environmental matters relating to the Common Facilities or its other Project Controlled Assets to the extent that it could reasonably be expected to materially and adversely affect the Common Facilities or the other Party’s other Project Controlled Assets.