Common use of Election to Remove Clause in Contracts

Election to Remove. In the event the Company elects not to terminate this Agreement pursuant to subsection (a) and elects not to rebuild pursuant to subsection (b), the damaged portions of the Project shall be treated as Removed Components.

Appears in 7 contracts

Sources: Fee Agreement, Fee Agreement, Fee Agreement

Election to Remove. In the event the Company elects not to terminate this Agreement pursuant to subsection (a) and elects not to rebuild pursuant to subsection (b), the damaged portions of the Project shall are deemed to be treated as Removed Components.

Appears in 6 contracts

Sources: Conversion and Fee in Lieu of Ad Valorem Taxes Agreement, Conversion and Fee in Lieu of Ad Valorem Taxes Agreement, Conversion and Fee in Lieu of Ad Valorem Taxes Agreement

Election to Remove. In the event the Company elects not to terminate this Fee Agreement pursuant to subsection (a) and elects not to rebuild pursuant to subsection (b), the damaged portions of the Project shall be treated as Removed Components.

Appears in 2 contracts

Sources: Fee in Lieu of Ad Valorem Taxes Agreement, Fee in Lieu of Ad Valorem Taxes Agreement