Energy Generation. In the event that there is a sufficient flow and quality of gas to make the installation of a power and heat generator profitable, as determined after the first issuance of CERs, the Parties will use their reasonable endeavours to negotiate and enter into a separate agreement for the installation of power generation equipment. The Parties agree that any party that invests funds into power and heat generation shall first recoup 100% of its investment before any earnings from the sale of power and heat are shared in proportion to the funds invested in such heat generation project.
Appears in 3 contracts
Samples: Joint Venture Agreement (Blue Sphere Corp.), Joint Venture Agreement (Blue Sphere Corp.), Joint Venture Agreement (Blue Sphere Corp.)
Energy Generation. In the event that there is a sufficient flow and quality of gas to make the installation of a power and heat generator profitable, as determined after the first issuance of CERs, the Parties will use their reasonable endeavours to negotiate and enter into a separate agreement for the installation of power generation equipment. The Parties agree that any party that invests funds into power and heat generation shall first recoup 100% of its investment before any earnings profits from the sale of power and heat are shared in proportion to between the funds invested in such heat generation projectParties.
Appears in 1 contract
Samples: Blue Sphere Corp.
