Classification of Contributed Assets. The Transmission Line Land Rights and Transmission Substation Land Rights to be contributed hereunder shall be classified according to this Article II. Transmission Line Land Rights shall be classified pursuant to either Section 2.2 or 2.3. Transmission Substation Land Rights shall be classified pursuant to Section 2.4. The Contributor shall elect, by giving written notice to ATCLLC upon execution of this Agreement, either the Circuit Method or the Parcel-by-Parcel Method for classifying the Transmission Line Land Rights. Once a method is selected it will be the only method used to classify all of the Transmission Line Land Rights that shall be contributed under this Agreement.
Appears in 3 contracts
Sources: Asset Contribution Agreement (Wisconsin Public Service Corp), Asset Contribution Agreement (Alliant Energy Corp), Asset Contribution Agreement (Wisconsin Power & Light Co)