Examples of Thermal Energy Production Facilities in a sentence
Whenever it shall become necessary for Seller to schedule an outage so that Seller may make repairs, replacements or changes in the Thermal Energy Production Facilities, both parties shall exercise reasonable efforts to coordinate the timing of the scheduled outage, and, in any event, Seller shall give Buyer not less than ten (10) days prior written notice of such outage.
Seller will engineer, permit, construct, finance, operate and maintain the Thermal Energy Production Facilities so as to produce and deliver Thermal Energy to Buyer at the agreed upon Points of Delivery.
Title to the Buyer Owned Thermal Energy Production Facilities and Emergency Electric Generating Facilities shall remain with Buyer and Seller shall not remove, alter (except as otherwise required or permitted under this Agreement) or permit any lien to exist on such Thermal Energy Production Facilities and Emergency Electric Generating Facilities.
Commencing on the New Service Commencement Date and continuing throughout the Term of this Agreement, Seller shall be responsible for establishing and coordinating the electric submetering of electric service to the Thermal Energy Production Facilities and Seller shall grant a credit to Buyer on a monthly basis equal to the cost of such electricity delivered to Buyer's Thermal Energy Production Facilities, provided, however, that Buyer shall provide Seller with timely copies of its electric bills.
Commencing on the New Service Commencement Date and continuing throughout the Term of this Agreement, Seller shall be responsible for measuring the make-up water associated with the water requirements of the Thermal Energy Production Facilities and Seller shall grant to Buyer a credit on a quarterly basis equal to the cost of such water usage at the currently applicable tariff rates.
As soon as practicable, but in no event later than October 15, 1996, Buyer and Seller shall enter into a definitive operating agreement on terms mutually acceptable to each of them setting forth their respective responsibilities for the use, operation and maintenance of the Thermal Energy Production Facilities and Emergency Electric Generating Facilities.
Seller will use, operate and maintain the Thermal Energy Production Facilities and Emergency Electric Generating Facilities in a manner which meets or exceeds good industry practice, and Seller shall secure and maintain, at its sole cost and expense, all permits necessary for the use, operation and maintenance of Buyer's Thermal Energy Production Facilities and Emergency Electric Generating Facilities.
Commencing on the Service Commencement Date and continuing throughout the Term of this Agreement, Seller shall be responsible for establishing and coordinating the electric submetering of electric service to the Thermal Energy Production Facilities and Seller shall grant a credit to Buyer on a monthly basis equal to the cost of such electricity delivered to Buyer's Thermal Energy Production Facilities, provided, however, that Buyer shall provide Seller with timely copies of its electric bills.
Resorts or its affiliates may mortgage, collaterally assign, grant a security interest in, pledge or otherwise encumber the Thermal Energy Production Facilities and its interests in this Agreement (each of the foregoing, a "Resorts Collateral Assignment") as security for any loan or financing obtained by Resorts or its affiliates from any party (a "Resorts' Lender").
This policy is structured to encompass the following objectives: 1.