OCF Plant definition
Examples of OCF Plant in a sentence
All proceeds from insurance with respect to a Casualty to the OCF Plant shall be applied to effect such repair and restoration.
If a Substantial Taking occurs, OCF shall use the proceeds from such Substantial Taking to acquire a site adjacent to the APC Plant Site and to rebuild the OCF Plant as nearly as reasonably practicable to its value, condition and character immediately prior to such Substantial Taking, subject to such changes or alterations as may be made at OCF's election in conformity with and subject to APC's reasonable approval with respect to changes or alterations affecting the Facility.
Steam deliveries and transfer of title thereto to OCF shall be made at the valve and flange where the Facility steam delivery pipe connects to the point in the OCF Plant described in Exhibit D (the "Heat Transfer Point").
If the OCF Plant is damaged or destroyed by any Casualty, OCF shall repair and restore it as nearly as reasonably practicable to its value, condition and character immediately prior to such damage or destruction, subject to such changes or alterations as may be made at OCF's election in conformity with and subject to APC reasonable approval with respect to changes or alterations affecting the Facility.
If OCF is able to locate such a successor to own and/or operate the OCF Plant or locate an alternative user of thermal energy within six (6) months of the delivery of the Termination Notice, then OCF shall pay, as liquidated damages, any additional costs that APC may incur with providing Steam or, if applicable, thermal energy to such party.
OCF acknowledges that it is essential that the OCF Plant remain in operation and accept Steam from the Facility in order for the Facility to retain its Qualifying Facility status.
Unless the parties are able to agree on the fair market value for such land, the fair market value of such land shall be determined in accordance with the same procedure as set forth above for determining the fair market rental value of the OCF Plant.
OCF shall carry and maintain all risk property damage insurance covering the replacement cost of the OCF Plant.