Examples of Negotiated Assets in a sentence
Where Powerlink exercises its right to disconnect under clause 8.1 (“Emergency disconnection”), 8.3 (“Disconnection for Technical Breach”), 8.4 (“Disconnection for financial breach ”) it must reconnect the Powerlink Assets and the Negotiated Assets (as applicable) as soon as reasonably practicable after the condition leading to the disconnection has ended and all matters relevant to the exercise of the right of disconnection have been rectified to Powerlink’s reasonable satisfaction.
This clause does not apply if Powerlink exercises its option to purchase the Owner Negotiated Assets under the Network Operating Agreement unless the Owner is in breach of its obligations in connection with the sale of the Owner Negotiated Assets to Powerlink.
Other than a Purchase Option Security referred to in clause 14.7, the Owner must not create or permit to subsist any Encumbrance over the Owner Negotiated Assets.
Powerlink will charge the Owner, and the applicable Owner must pay to Powerlink, the Charges for the inspection and testing services for the Negotiated Assets and the NAPA Rights provided under this agreement by Powerlink.
Powerlink is not obliged to reconnect the Powerlink Assets and the Negotiated Assets (as applicable) or the Generator Facility where it has refused to connect or has disconnected under this clause 8 (“Disconnection or refusal to connect”) unless the Generator has remedied the Technical Breach or taken steps to avoid the recurrence of the threat to the Powerlink Assets and the Negotiated Assets (as applicable) or Power System Security to Powerlink’s reasonable satisfaction.
The parties acknowledge and agree that transfer of operational control of the Negotiated Assets and the NAPA Rights from the Owner to Powerlink will occur on the First Practical Completion Date in accordance with the Works Coordination Agreement, the Delivery Specification and the Property and Approvals Specification.
Non-Preferred Equipment means equipment relating to the Owner Negotiated Assets that is not Preferred Equipment.
Other than a Purchase Option Security referred to in clause 15.7, the Owner must not create or permit to subsist any Encumbrance over the Owner Negotiated Assets.
The physical real estate market in APAC is projected to more than double from US$7.2 trillion in 2011 to US$19.1 trillion in 2021 and will increase further to an estimated US$44.9 trillion by 20313, overtaking the US and Europe (Figure 3).
During the period commencing on the Start Date and ending on the First Practical Completion Date, the Owner agrees, at its own Cost, to operate and maintain all of the Powerlink Negotiated Assets which are installed or located on the Negotiated Assets Access Rights, in accordance with the Delivery Specification.