Replacement Components. An undivided interest equal to the Facility Owner's Percentage in all Replacement Components incorporated in the Unit 2 Equipment and the Common Facilities Equipment included in Clover Unit 2 during the Head Equipment Agreement Term in accordance with the Operating Equipment Agreement or the Clover Operating Agreement shall automatically become subject to this Head Equipment Agreement without any action by any Person whatsoever and shall be deemed to be a part of Clover Unit 2 and the Equipment Interest for all purposes of this Head Equipment Agreement.
Appears in 1 contract
Sources: Equipment Interest Agreement (Old Dominion Electric Cooperative)
Replacement Components. An undivided interest equal to the Facility OwnerLessor's Percentage in all Replacement Components incorporated in the Unit 2 1 Equipment and the Common Facilities Equipment included in Clover Unit 2 1 during the Equipment Head Equipment Agreement Lease Term in accordance with the Equipment Operating Equipment Lease, the Clover Operating Agreement or the Clover Operating Management Agreement shall automatically become subject to this Equipment Head Equipment Agreement Lease without any action by any Person whatsoever and shall be deemed to be a part of Clover Unit 2 1 and the Equipment Interest for all purposes of this Equipment Head Equipment AgreementLease.
Appears in 1 contract
Sources: Equipment Interest Lease Agreement (Old Dominion Electric Cooperative)