Examples of Unit 2 O&M Agreement in a sentence
On and after the Commercial Operation Date, each Unit 2 Owner shall own, subject to the terms and conditions of the Unit 2 O&M Agreement if then in effect, a pro rata share (based on its Unit 2 Ownership Interest) of the net capacity and energy obtainable from Unit 2.
The Lessee/Owner Parties shall reimburse the Operating Agent for all Capital Costs and Operating Costs it incurs in connection and consistent with this Agreement in accordance with the Unit 1 O&M Agreement and the Unit 2 O&M Agreement.
WEPCO, MGE and WPPI have entered or are, simultaneously with this Agreement, entering into the Unit 1 O&M Agreement and the Unit 2 O&M Agreement, pursuant to which WEPCO will be designated Operating Agent for Xxxx 0 and Unit 2.
The Unit 2 Owners acknowledge and agree that, following the ERGS SC Unit 2 Lease Effective Date, Unit 2 shall be operated and maintained by the Operating Agent under the Unit 2 O&M Agreement, in accordance with the terms and conditions of the Xxxx 0 X&X Xxxxxxxxx.
Any controversy, claim or dispute of whatsoever nature or kind between or among the Parties arising out of this Agreement or its validity or interpretation (each a “Dispute”) shall be resolved using the same procedures as are set forth in Article XX of the Unit 1 O&M Agreement and/or Article XX of the Unit 2 O&M Agreement, with all Lessee/Owner Parties under this Agreement having the right to participate in such dispute-resolution process.
The Parties agree that the following basic principles will guide the classification of costs and the assignment of such costs to the Common Facilities and in turn to the units hereunder (for allocation to the Lessee/Owner Parties under the Unit 1 O&M Agreement and Unit 2 O&M Agreement).
The Parties further acknowledge and agree that if and to the extent that there is any conflict between the insurance provisions (including any provisions with respect to the receipt, payment, control and use of Loss Proceeds) in this Agreement and in the Xxxx 0 O&M Agreement and/or the Unit 2 O&M Agreement, that all such insurance provisions shall be interpreted and construed, if possible, so as to avoid or minimize any such conflict.
The Parties acknowledge and agree that it is the intent of the Parties not to duplicate the functions of the Operating Committees established under this Agreement, the Xxxx 0 O&M Agreement and the Unit 2 O&M Agreement.
The Parties agree that the information that would be contained in such report may be included in the monthly reports prepared by the Operating Agent pursuant to the Xxxx 0 O&M Agreement and the Unit 2 O&M Agreement, so long as the Common Facilities information is specifically identifiable.
If the Contractor is unable to comply with the conditions set forth in this provision, the JBE/AOC may terminate the Agreement pursuant to the termination for cause provision set forth herein.