Capital Expenditures Funded by Lessor. Lessor agrees to fund any Footprint Projects contained in the CapEx Budget (as revised from time to time). Lessor’s obligation to fund Footprint Projects pursuant to this Section 10.2 shall include any costs associated with such Footprint Projects that Lessee is not allowed to recover through its PUCT-approved rates. Any Footprint Projects funded by Lessor under this Section 10.2 shall be deemed to be part of the Xxxxxxx/Xxxxx/Xxxxxxx Assets upon completion.
Appears in 2 contracts
Samples: Assets Lease Agreement (InfraREIT, Inc.), Lease Agreement (InfraREIT, Inc.)
Capital Expenditures Funded by Lessor. Lessor agrees to fund any Footprint Projects contained in the CapEx Budget (as revised from time to time). Lessor’s obligation to fund Footprint Projects pursuant to this Section 10.2 shall include any costs associated with such Footprint Projects that Lessee is not allowed to recover through its PUCT-approved rates. Any Footprint Projects funded by Lessor under this Section 10.2 shall be deemed to be part of the Xxxxxxx/Xxxxx/Xxxxxxx CREZ Assets upon completion.
Appears in 2 contracts
Samples: Lease Agreement (InfraREIT, Inc.), Lease Agreement (InfraREIT, Inc.)
Capital Expenditures Funded by Lessor. Lessor agrees to fund any Footprint Projects contained in the CapEx Budget (as revised from time to time). Lessor’s obligation to fund Footprint Projects pursuant to this Section 10.2 shall include any costs associated with such Footprint Projects that Lessee is not allowed to recover through its PUCT-approved rates. Any Footprint Projects funded by Lessor under this Section 10.2 shall be deemed to be part of the Xxxxxxx/Xxxxx/Xxxxxxx Assets System upon completion.
Appears in 1 contract
Capital Expenditures Funded by Lessor. Lessor agrees to fund any Footprint Projects contained in the CapEx Budget (as revised from time to time). Lessor’s obligation to fund Footprint Projects pursuant to this Section 10.2 shall include any costs associated with such Footprint Projects that Lessee is not allowed to recover through its PUCT-approved rates. Any Footprint Projects funded by Lessor under this Section 10.2 shall be deemed to be part of the Xxxxxxx/Xxxxx/Xxxxxxx ERCOT Transmission Assets upon completion.. ERCOT TRANSMISSION ASSETS LEASE AGREEMENT
Appears in 1 contract
Samples: Lease Agreement (InfraREIT, Inc.)
