Expansion Projects. (a) At any time from and after the Effective Date any Member (any such Person, a “Proposing Party”) may propose an Expansion Project by delivering a written request (each, an “Expansion Project Request”) to the Company and the non-proposing Members (each such non-proposing Member, a “Non-Proposing Member”). The Board shall timely review such Expansion Project Request and the Expansion Project Budget. If the Board approves such Expansion Project Request and Expansion Project Budget pursuant to Section 2.4(d), subject to Section 2.12(b)(ii), if applicable, each Non-Proposing Member shall have the right, but not the obligation, to participate in the Expansion Project pursuant to this Section 2.12. If the Board does not approve an Expansion Project Request, neither the Company nor the Members shall participate in such Expansion Project. Any Expansion Project Request shall contain a reasonably detailed explanation of all material aspects of the proposed Expansion Project, including (A) a good faith estimate of the costs and expenses of developing, operating and maintaining such proposed Expansion Project (the “Expansion Project Budget”) (including any proposed incremental increase to the Fixed Fee payable to the Operator, and mutually agreeable to the Operator and the Proposing Party), (B) the incremental revenues to be derived from the Expansion Project, (C) the estimated time period from the start of construction until the time the Expansion Project is expected to commence commercial service, (D) a description of all material provisions of any proposed transportation, throughput or similar commercial contracts in respect of the Expansion Project and to which the Company and any other Person may be a party, (E) the proposed construction manager and construction management agreement for the Expansion Project and (F) a written accounting methodology to reasonably and adequately account for and track the revenues, capital expenditures, operating expenses and other Project Costs, distributions and any other items necessary to determine when [*CONFIDENTIAL*]% Payout has been achieved in the event an Expansion Project becomes a Special Expansion Project (the [*CONFIDENTIAL*]% Payment Methodology”). The Non- Proposing Members shall have sixty (60) days from the date of Board approval of the Expansion Project Request to notify the Proposing Party of their election to participate or not participate in such proposed Expansion Project (such sixty (60) day period, the “In...
Expansion Projects. (a) ICWD shall undertake all system expansion projects for the Polk County System (“Expansion Services”) including the design, engineering and construction of Transmission Expansion Projects and Distribution Expansion Projects. Such Expansion Services shall be undertaken by ICWD under the oversight of the Joint Coordinating Committee in keeping with Good Utility Practices and in accordance with the rates, regulations and terms and conditions of service as established and adopted by Polk County.
Expansion Projects. Between the date of the execution of this Agreement and the Closing Date, the Sellers shall cause the Company to:
Expansion Projects. (a) The capital expenditures set forth on Schedule 2.1 9(a) hereto are reasonably expected to be sufficient to maintain the Company's existing facilities in good working order through December 31, 2002.
Expansion Projects. Notwithstanding Section 2.8:
Expansion Projects. Notwithstanding anything to the contrary contained in Section 17.1 of the Existing Production Agreement, Sterling’s share of any Capital Expenditures associated with any expansion of the rated daily output of the Unit that is approved by BP and the Company, including the 2005 Expansion Project, shall be ***%. For purposes of this Amendment, the term “2005 Expansion Project” means the potential capital project involving the replacement of process valves and the upgrading of internal piping that is expected to increase the capacity of the Unit anticipated to be implemented in 2005.
Expansion Projects. If an Expansion Project has occurred and all of the Members are not Expansion Participating Members in the same percentage as their Sharing Ratios, unless otherwise agreed to by the Company and the Members in connection with an Expansion Cash Call, the Company shall determine for each calendar month, Expansion Profits and Losses, which shall be allocated among Expansion Participating Members in accordance with their respective Expansion Sharing Ratios.
Expansion Projects. If an Expansion Project has occurred and all of the Members are not Expansion Participating Members, the Company shall determine (A) for each calendar month, the Expansion Net Income, which shall be allocated among Expansion Participating Members in accordance with their respective Expansion Sharing Ratios and (B) all items of depreciation and cost recovery related to Expansion Costs, which shall be specially allocated to the Expansion Participating Members in accordance with their Expansion Sharing Ratios.
Expansion Projects. (a) If the Company or the Investor Member desires to pursue any expansion of the ethylene unit at the Lake Xxxxxxx Project for purposes of increasing output or efficiency (a “Subject Expansion Project”), the Company or the Investor Member, as applicable, shall provide the Sasol Member the right to participate in such Subject Expansion Project (the “Expansion Participation Right”).
Expansion Projects. With respect to each Expansion Project:
