Common use of Facility Operation Clause in Contracts

Facility Operation. Seller will use, operate and maintain the Thermal Energy Production Facilities and Emergency Electric Generating Facilities in a manner which meets or exceeds good industry practice, and Seller shall secure and maintain, at its sole cost and expense, all permits necessary for the use, operation and maintenance of Buyer's Thermal Energy Production Facilities and Emergency Electric Generating Facilities. As soon as practicable, but in no event later than October 15, 1996, Buyer and Seller shall enter into a definitive operating agreement on terms mutually acceptable to each of them setting forth their respective responsibilities for the use, operation and maintenance of the Thermal Energy Production Facilities and Emergency Electric Generating Facilities.