Common use of Qualified Owner Clause in Contracts

Qualified Owner. Each Owner shall take all actions required to continue to be a Qualified Owner during the Term. If at any time during the Term an Owner ceases to be a Qualified Owner, then such Owner shall immediately provide notice thereof to the other Owner and take all actions required to resume being a Qualified Owner.

Appears in 5 contracts

Sources: Joint Ownership and Operating Agreement (Idaho Power Co), Joint Ownership and Operating Agreement, Joint Purchase and Sale Agreement (Idacorp Inc)