Expansion Capacity Clause Samples

Expansion Capacity. Simultaneously with Landlord’s and ▇▇▇▇▇▇’s execution of this Lease, Tenant and Blockfusion USA, Inc. will execute, the Expansion Capacity and ROFO Agreement in the form of Exhibit O attached hereto, pursuant to which Tenant agrees subject the satisfaction of terms and conditions under the Expansion Capacity and ROFO Agreement, to lease the Expansion Capacity from Landlord or Affiliate(s) of Landlord pursuant to and in accordance with the applicable terms set forth therein. For the avoidance of doubt, no default under the Expansion Capacity and ROFO Agreement constitutes a default under this Lease, and no default under this Lease constitutes a default under the Expansion Capacity and ROFO Agreement.

Expansion Capacity. If either party determines that additional capacity is needed or desired for their Water System, then at that time both parties agree to evaluate the current plant capacity and determine the costs associated with the expansion. Upon reviewing the findings, the parties may: 1) share equally in the costs of the expansion, if it is determined by both parties that it is best interest to do so; or, 2) determine the proportionate share of the expansion that is beneficial for each party, and prorate the expansion costs accordingly to each party.

Expansion Capacity