Vote Sharing Agreement definition
Examples of Vote Sharing Agreement in a sentence
The Owner Lessor hereby reassigns all of the Owner Lessor's right, title, and interest under the Vote Sharing Agreement assigned to it by PPL Montana pursuant to Section 2.3 back to PPL Montana.
PPL Montana hereby assigns to the Owner Lessor all of PPL Montana's right, title, and interest in, to and under the Vote Sharing Agreement.
Subject to paragraph (b) of this Section 2.4, the Owner Lessor hereby assumes and agrees to perform, effective as of the Lessor Possession Date, the Owner Lessor's Percentage of all of the duties and obligations of PPL Montana as "Owner" of the 30% undivided interest in Colstrip Unit 3 under the Ownership Agreement 3-4, the Rights Sharing Agreement and the Common Facilities Agreement and all of the duties and obligations of PPL Montana under the Vote Sharing Agreement.
The parties hereto agree that, in consequence of the reassignment effected by this Sect▇▇▇ ▇, ▇▇▇ ▇▇▇▇▇▇▇ ▇▇▇ll, from and after the date hereof to the Lessor Possession Date, perform all of the duties and obligations of the Owner Lessor under the Vote Sharing Agreement and be liable for all costs relating to the operation and maintenance of and improvement to Colstrip Unit 3 attributable to the Undivided Interest or the Ground Interest.
Upon the occurrence and during the continuance of a Lease Event of Default under both Facility Leases, both Lease Indenture Trustees shall, so long as the Lien of their respective Lease Indentures shall not have been terminated or discharged, have the right to the exclusion of PPL Montana and either Owner Lessor, to jointly direct the parties appointed pursuant to Section 2(b) in the exercise of all of PPL Montana's rights under the Vote Sharing Agreement with respect to the Shared Vote.
The Owner Lessor and PPL Montana agree that, assuming that the Ownership Agreement 3-4 has not been amended to allow each "Project User" to appoint a member to the Project Committee, the right under the Vote Sharing Agreement to jointly with MPC and its successor and assigns appoint one member to the Project Committee (and to direct such member) shall be voted in accordance with the Omnibus Voting Agreement.