BKW definition
Examples of BKW in a sentence
To effect the Acquisition, (i) certain Investors will make the Equity Contribution and (ii) the Parent Borrower will indirectly consummate the transactions contemplated by the Arrangement Agreement and Plan of Merger, dated as of August 26, 2014 (as amended, the “Acquisition Agreement”), by and among BKW, 1011773 B.C. Unlimited Liability Company, New Red Canada Partnership, Blue Merger Sub, Inc., 8997900 Canada Inc.
Notwithstanding any of the above, this Agreement shall automatically terminate if BKW becomes insolvent or initiates bankruptcy proceedings, loses its Facility Permit, or fails to meet its operating or Groundwater Savings Facility plan of operation.
Pursuant to its Water Storage Permit, the Town shall recover credits annually pursuant to its Recovery Well Permit or accrue Long-Term Storage Credits in its storage account LTS #70-411220 for the In-Lieu Water Delivered to BKW and may use them at its sole discretion.
The Town, in its sole discretion, may assign its Long-Term Storage Credits without prior consent of BKW; provided, however, that the Town shall not assign credits for recovery of stored water underlying the exterior boundaries of the BKW’s Groundwater Savings Facility without the written consent of BKW and upon terms and conditions acceptable to BKW.
The Town may assign all or a portion of its obligations and rights under this Agreement to any successors or assigns without prior written consent of BKW, provided that each such successor in interest or assignee is bound by each and every term and condition of this Agreement applicable to the Town.
BKW shall take Delivery of the In-Lieu Water at such points along the CAP canal as may be agreed upon in writing by CAWCD and BKW.
The results of such measurement shall be subject to monitoring and verification, in cooperation with BKW, from time to time by the Town.
BKW shall pay the Town $12.00 per acre-foot for In-Lieu Water Delivered from the Town’s CAP water.
BKW acknowledges the interruptible nature of the In-Lieu Water supply to be furnished under this Agreement.
BKW shall provide the Town, annually, all records, accounts, reports, and plans necessary for the Town to file any reports or other documentation required under the terms of its Water Storage Permit.