Common use of Ownership and Financing of the Demonstration Plant Clause in Contracts

Ownership and Financing of the Demonstration Plant. The Demonstration Plant shall be owned by a special purpose entity to be formed and owned by Covanta or an Affiliate of Covanta. Covanta shall be responsible for financing 100 percent of the costs of the Demonstration Plant, including all the costs to permit the plant, procure the components for the plant (including the System), construct, install and start-up the plant and make the plant operational and a reasonable amount of working capital to enable the special purpose entity to commence the operation of the plant.

Ownership and Financing of the Demonstration Plant. The Demonstration Plant shall be owned by a special purpose entity to be formed and owned by Covanta or an Affiliate of Covanta. Covanta shall be responsible for financing 100 percent of the costs of the Demonstration Plant, including all the costs to permit the plant, procure the components for the plant (including the System), construct, install and start-up the plant and make the plant operational and a reasonable amount of working capital to enable the special purpose entity to commence the operation of the plant.