Election to Remove. In the event the Sponsor elects not to terminate this Fee Agreement pursuant to subsection (a) and elect 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 in Lieu of Ad Valorem Taxes Agreement, Fee in Lieu of Ad Valorem Taxes and Special Source Revenue Credit Agreement, Fee in Lieu of Ad Valorem Taxes Agreement
Election to Remove. In the event the Sponsor elects not to terminate this Fee Agreement pursuant to subsection (a) and elect elects not to rebuild pursuant to subsection (b), the damaged portions of the Project shall be treated as Removed Components.
Appears in 3 contracts
Sources: Fee in Lieu of Ad Valorem Taxes and Incentive Agreement, Fee in Lieu of Ad Valorem Taxes and Incentive Agreement, Fee in Lieu of Ad Valorem Taxes and Incentive Agreement
Election to Remove. In the event the Company and, as applicable, any Sponsor Affiliate, elects not to terminate this Fee Agreement pursuant to subsection (a) and elect elects not to rebuild pursuant to subsection (b), the damaged portions of the Project shall be treated as Removed Components.
Appears in 1 contract
Election to Remove. In the event the Sponsor elects and the Sponsor Affiliate elect not to terminate this Fee Agreement pursuant to subsection (a) and elect not to rebuild pursuant to subsection (b), the damaged portions of the Project shall be treated as Removed Components.
Appears in 1 contract