Common use of LEASE EFFECTIVE DATE Clause in Contracts

LEASE EFFECTIVE DATE. The Parties acknowledge and agree that if one or more of the Existing Units are retired, the Measurement Basis values attributed to the retired Existing Units in computing Component Ownership Interests in Exhibit D will not change.

Appears in 2 contracts

Sources: New Common Facilities Ownership Agreement, Common Facilities Ownership Agreement (Mge Energy Inc)