Common use of Operating Licenses Clause in Contracts

Operating Licenses. Subject to the terms and conditions set forth herein, Generator grants and conveys unto Producer the Licenses set forth in this Section 5.1 for the limited purposes set forth below (collectively, the “Operating Licenses”), such Operating Licenses to terminate upon the expiration or termination of this Agreement or upon such time as Producer does not own sole title to the Facility or an exclusive lease to use and operate the Facility on the Site. Producer acknowledges and agrees that the licenses and the associated rights of Producer set forth in this Section 5.1 are being made or granted by Generator, and the Site, the Power Plant, the Licensed Lands, and the Facility Land are being accepted and will be used by Producer, in “AS IS, WHERE IS” condition with all faults, and Generator makes no warranties or guarantees that the Site, the Power Plant, the Licensed Lands, or the Facility Land is suitable for any purposes described in this Agreement or intended by Producer.

Operating Licenses. Subject to the terms and conditions set forth herein, including the Generator Ancillary Rights, each of LG&E and ▇▇▇ grants and conveys unto Producer the Licenses set forth in this Section 5.1 for the limited purposes set forth below (collectively, the “Operating Licenses”), such Operating Licenses to terminate upon the expiration or termination of this Agreement or upon such time as Producer does not own sole title to the Facility or an exclusive lease to use and operate the Facility on the Site. Producer acknowledges and agrees that the licenses and the associated rights of Producer set forth in this Section 5.1 are being made or granted by Generator, and the Site, the Power Plant, the Licensed Lands, and the Facility Land are being accepted and will be used by Producer, in “AS IS, WHERE IS” condition with all faults, and Generator makes no warranties or guarantees that the Site, the Power Plant, the Licensed Lands, or the Facility Land is suitable for any purposes described in this Agreement or intended by Producer.