Excluded Projects. Global shall not have the right to invest equity in (i) any Projects developed by Covanta that will be owned by a Governmental Organization, (ii) the Demonstration Plant and (iii) up to ten (10) individual Systems that Covanta has the right to purchase through Licensor for use by Covanta at any of its waste to energy plants in Territory A and which will be owned by Covanta or a Covanta Affiliate (the “Excluded Projects”).
Appears in 3 contracts
Sources: Business and Royalty Agreement (Global Energy Inc), Business and Royalty Agreement (Global Energy Inc), Business and Royalty Agreement (Global Energy Inc)