Common use of Transfer Date Clause in Contracts

Transfer Date. Upon the earlier of the satisfaction of the remaining conditions precedent under Section 2.3(b) below but no later than 180 days from the Effective Date (the “Transfer Deadline”), the Operator shall have all necessary rights and obligations to enter upon and occupy the System, to commence operations and maintenance of the System, to receive all revenues generated pursuant to the initial rates for customers of the System, to access the System and to commence Pre- Construction Activities, and the District shall have all necessary rights and obligations to take ownership of the AWT System and AWT Assets.

Appears in 1 contract

Samples: Construction, Operating and Cooperative Endeavor Agreement

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Transfer Date. Upon the earlier of the satisfaction of the remaining conditions precedent under Section 2.3(b) below but no later than 180 days from the Effective Date (the “Transfer Deadline”), the Operator shall have all necessary rights and obligations to enter upon and occupy the System, to commence operations and maintenance of the System, to receive all revenues generated pursuant to the initial rates for customers of the System, to access the System and to commence Pre- Construction Activities, and the District shall have all necessary rights and obligations to take ownership of the Former AWT System and the Former AWT Assets.

Appears in 1 contract

Samples: Construction, Operating and Cooperative Endeavor Agreement

Transfer Date. Upon the earlier of the satisfaction of the remaining conditions precedent under Section 2.3(b2.3(a) below but no later than within 180 days from the Effective Date (the “Transfer Deadline”), the Operator shall have all necessary rights and obligations to enter upon and occupy the System, to commence operations and maintenance of the System, to receive all revenues generated pursuant to the initial rates for customers of the System, to access the System and to commence Pre- Pre-Construction Activities, and the District shall have all necessary rights and obligations to take ownership of the AWT System and AWT Assets.

Appears in 1 contract

Samples: Construction, Operating and Cooperative Endeavor Agreement

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Transfer Date. Upon the earlier of the satisfaction of the remaining conditions precedent under Section 2.3(b) below but no later than 180 days from the Effective Date (the “Transfer Deadline”), the Operator shall have all necessary rights and obligations to enter upon and occupy the System, to commence operations and maintenance of the System, to receive all revenues generated pursuant to the initial rates for customers of the System, to access the System and to commence Pre- Pre-Construction Activities, and the District shall have all necessary rights and obligations to take ownership of the Former AWT System and the Former AWT Assets.

Appears in 1 contract

Samples: Endeavor Agreement

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