Construction Work In Progress. (a) All Construction Work In Progress identified in Schedule 3.6 shall be conveyed, assigned and transferred to ATCLLC pursuant to a deed substantially in the form attached as Exhibit 3.6(a), a b▇▇▇ of sale substantially in the form attached as Exhibit 3.6(b) and/or an assignment substantially in the form attached as Exhibit 3.6(c). (b) The Contributor shall assign to ATCLLC all rights and contracts pertaining to the Construction Work in Progress to enable ATCLLC to continue the Construction Work in Progress. (c) If so requested by the Contributor, the Contributor and ATCLLC shall negotiate in good faith an agreement whereby the Contributor shall be obligated to complete the Construction Work in Progress in exchange for cash payments.
Appears in 1 contract
Sources: Asset Contribution Agreement (Wisconsin Public Service Corp)
Construction Work In Progress. (a) All Construction Work In Progress identified in Schedule 3.6 ------------ shall be conveyed, assigned and transferred to ATCLLC pursuant to a deed substantially in the form attached as Exhibit 3.6(a), a b▇--------------- bi▇▇ of ▇f sale substantially in the form attached as Exhibit 3.6(b) -------------- and/or an assignment substantially in the form attached as Exhibit 3.6(c).. ---------------
(b) The Contributor shall assign to ATCLLC all rights and contracts pertaining to the Construction Work in Progress to enable ATCLLC to continue the Construction Work in Progress.
(c) If so requested by the Contributor, the Contributor and ATCLLC shall negotiate in good faith an agreement whereby the Contributor shall be obligated to complete the Construction Work in Progress in exchange for cash payments.
Appears in 1 contract
Construction Work In Progress. (a) All Construction Work In Progress identified in Schedule 3.6 shall be ------------ conveyed, assigned and transferred to ATCLLC pursuant to a deed substantially in the form attached as Exhibit 3.6(a), a b▇▇▇▇ of sale substantially in the form -------------- attached as Exhibit 3.6(b) and/or an assignment substantially in the form -------------- attached as Exhibit 3.6(c).. --------------
(b) The Contributor shall assign to ATCLLC all rights and contracts pertaining to the Construction Work in Progress to enable ATCLLC to continue the Construction Work in Progress.
(c) If so requested by the Contributor, the Contributor and ATCLLC shall negotiate in good faith an agreement whereby the Contributor shall be obligated to complete the Construction Work in Progress in exchange for cash payments.
Appears in 1 contract
Sources: Asset Contribution Agreement (Wisconsin Power & Light Co)