Common use of Governmental Fees Clause in Contracts

Governmental Fees. Any fees imposed by any Governmental Authority related to or arising from operations of the Assets (including fees relating to air emissions pursuant to any Permit) will be prorated between Purchaser and Seller and TOPIII on the following basis: Seller and TOPIII are responsible for the portion of such fees relating to the period up to the Closing Date; and Purchaser is responsible for the portion of such fees relating to the period on and after the Closing Date. All fees will be prorated on the assumption that an equal amount of fees applies to each day of the license period, regardless of how or when any installment payments are billed or made. Notwithstanding the foregoing, Purchaser will bear all fees which arise out of a change in ownership of the Assets, including the transfer of the governmental permits, licenses, Orders, variances, approvals and applications described in Schedule 2.1(d) “Permits,” and all fees and expenses (including expenses related to or arising from the preparation of a renewal application, such as environmental consultants’ fees) associated with a renewal of a license or permit where the expiration date occurs after the Closing Date.

Appears in 3 contracts

Samples: Purchase and Sale Agreement (Public Service Co of New Mexico), Purchase and Sale Agreement (Public Service Co of New Mexico), Purchase and Sale Agreement (Public Service Co of New Mexico)

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Governmental Fees. Any fees imposed by any Governmental Authority ----------------- related to or arising from operations of the Assets (including fees relating to air emissions pursuant to any Permitpermit to operate) will be prorated between Purchaser and Seller and TOPIII ComEd on the following basis: Seller and TOPIII are ComEd is responsible for the portion of such fees relating to the period up to the Closing Date; and Purchaser is responsible for the portion of such fees relating to the period on and after the Closing Date. All fees will be prorated on the assumption that an equal amount of fees applies to each day of the license periodyear, regardless of how or when any installment payments are billed or made. Notwithstanding the foregoing, Purchaser will bear all fees which that arise out of a change in ownership of the Assets, including the transfer of the governmental permits, licenses, Orders, variances, licenses and approvals and applications described in Schedule 2.1(d2.1(c) (Specific Permits,” , Licenses and --------------- Variances), and all fees and expenses (including expenses related to or arising from the preparation of a renewal application, such as environmental consultants' fees) associated with a renewal of a license or permit where the expiration date occurs after the Closing DateClosing.

Appears in 2 contracts

Samples: Asset Sale Agreement (Edison Mission Energy), Asset Sale Agreement (Commonwealth Edison Co)

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Governmental Fees. Any fees imposed by any Governmental Authority related to or arising from operations of the Assets (including fees relating to air emissions pursuant to any Permit) will be prorated between Purchaser and Seller and TOPIII TNMP on the following basis: Seller and TOPIII TNMP are responsible for the portion of such fees relating to the period up to the Closing Date; and Purchaser is responsible for the portion of such fees relating to the period on and after the Closing Date. All fees will be prorated on the assumption that an equal amount of fees applies to each day of the license period, regardless of how or when any installment payments are billed or made. Notwithstanding the foregoing, Purchaser will bear all fees which arise out of a change in ownership of the Assets, including the transfer of the governmental permits, licenses, Orders, variances, approvals and applications described in Schedule 2.1(d) "Permits," and all fees and expenses (including expenses related to or arising from the preparation of a renewal application, such as environmental consultants' fees) associated with a renewal of a license or permit where the expiration date occurs after the Closing Date.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Texas New Mexico Power Co)

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