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 to operate) will be prorated between Purchaser and ComEd on the following basis: 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 year, regardless of how or when any installment payments are billed or made. Notwithstanding the foregoing, Purchaser will bear all fees that arise out of a change in ownership of the Assets, including the transfer of the governmental permits, licenses and approvals described in Schedule 2.1(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.