Thermal Assets definition
Examples of Thermal Assets in a sentence
If this Agreement is terminated after the Commercial Operation Date for any reason other than as set forth above, then (i) MGE Power will own the Electric Assets; (ii) the University will own the Chilled Water and External Assets; (iii) MGE Power will have the first right to assume 100% ownership of the Thermal Assets and Common Assets, and if MGE Power does not wish to assume ownership of such assets, then MGE’s Ownership Interest therein shall be offered to the University.
MGE Power shall own a 75% undivided ownership interest in the Thermal Assets, which include items associated with the power island.
Deadlocked votes shall be resolved as follows: (i) all decisions relating only to the Electric Assets and Thermal Assets shall be controlled by MGE Power, (ii) all decisions relating only to the Chilled Water Assets or External Assets shall be controlled by the University, (iii) any replacement of the Operator pursuant to Section shall be controlled by the University, and (iv) all other deadlocked votes shall be resolved in accordance with the provisions of Article .
There are no registered copyrights, trademarks or mask work related exclusively to the Thermal Assets.
Semitool has the full power, authority and capacity to execute, deliver and perform its obligations under this Agreement and all of the other agreements, documents, instruments and certificates to be executed by Semitool and to convey all of the Thermal Assets to Aviza, free and clear of any encumbrances, and has taken all actions necessary to secure and has secured all approvals required in connection therewith.
Aviza agrees that it will not use the Thermal Assets to make, have made, use, have used, import, offer to sell or sell products or services in the Semitool Field of Use that are the subject matter of the Assigned Patents, nor will ▇▇▇▇▇ ▇▇▇▇▇ licenses in the Semitool Field of Use under the Assigned Patents to any third party.
At any time after the three-year anniversary of the Commercial Operation Date, the University may request expansion of the Chilled Water Assets or the steam component of the Thermal Assets.
However, the review of the capital budget for Thermal Assets and Chilled Water Assets shall be scheduled to be consistent with the funding and appropriation cycles of the University.
Operator may prevent the University from seeking to replace Operator of the Electric Assets, Thermal Assets and its undivided leased interest in the Common Assets on account of Chronic Non-Performance due to Operator reaching the Seasonal Damages Cap in three consecutive Heating Seasons by waiving the Seasonal Damages Cap and paying the University the full measure of Liquidated Damages for which Operator would have been liable during such Heating Season or Cooling Season, but for the Seasonal Damages Cap.
Semitool has not provided source code or detailed design documentation of the Thermal Assets or any material part thereof to a third party.