Common use of Operation of Facilities Clause in Contracts

Operation of Facilities. The Company intends to operate the Facilities from the Completion Date to the expiration or sooner termination of this Agreement as provided herein as a "project" within the meaning of the Act and so long as the Bonds remain outstanding the Company agrees that it shall not operate the Facilities as a facility the primary purpose of which causes the Facilities to constitute a prohibited facility within the meaning of Section 103(b) of the Code.

Appears in 1 contract

Sources: Loan Agreement (Sterigenics International)

Operation of Facilities. The Company intends to operate the Facilities from the Completion Date to the expiration or sooner termination of this Agreement as provided herein as a "project" within the meaning of the Act and so long as the Bonds remain outstanding the Company agrees that it shall not operate the Facilities as a facility the primary purpose of which causes the Facilities to constitute a prohibited facility within the meaning of Section 103(b103 (b) of the Code.

Appears in 1 contract

Sources: Loan Agreement (Sterigenics International)

Operation of Facilities. The Company intends to operate the Facilities from the Completion Date to the expiration or sooner termination of this Agreement as provided herein as a "'project" within the meaning of the Act and so long as the Bonds remain outstanding the Company agrees that it shall not operate the Facilities as a facility the primary purpose of which causes the Facilities to constitute a prohibited facility within the meaning of Section 103(b) of the Code.

Appears in 1 contract

Sources: Loan Agreement (Sterigenics International)