Examples of ownership demarcation point in a sentence
Either Party may at any time propose to the other Party a change or other modification with respect to any Ownership Demarcation Point.
Except to the extent provided otherwise under Section 3 of this Agreement, CL&P shall be responsible for operation and maintenance of CL&P Facilities up to, and at, each Ownership Demarcation Point, and UI shall be responsible for operation and maintenance of UI Facilities up to, and at, each Ownership Demarcation Point.
In the event of a change in any Ownership Demarcation Point, each Party shall execute and deliver to the other Party such bills of sale or other instruments of transfer, and such other documentation, as may be necessary under Law, or as may be reasonably requested by the other Party to effectuate or confirm the transfer of that portion of the Facilities affected by the modification in the Ownership Demarcation Point(s).
Unless otherwise agreed by the Parties, all costs and expenses reasonably attributable to the Facilities shall be borne by the Party owning such Facilities, and, all costs and expenses reasonably attributable to a change or modification of any Ownership Demarcation Point shall be borne by the Party that proposed such change or modification.
No such proposed change or modification shall be valid and binding unless both Parties execute a (written) amendment to this Agreement, specifying in detail such change or modification in Exhibit A hereto, including a revised Plan depicting the new or modified Ownership Demarcation Point(s) and attaching a revised Plan depicting the new or modified Ownership Demarcation Point in Exhibit B.
Unless otherwise agreed by the Parties, all costs and expenses reasonably attributable to a change or modification of an Ownership Demarcation Point shall be borne by the Party proposing such change or modification.
Except to the extent provided otherwise under Section 3 hereof, Seller shall be responsible for Seller Improvements up to the Ownership Demarcation Point, and Buyers and NRG shall be responsible for Buyers Improvements up to the Ownership Demarcation Point.
In the event of a change in the Ownership Demarcation Point, the Parties shall each execute and deliver to the other such bills of sale or other instruments of transfer, and such other documentation, as may be necessary under applicable law or regulation, or as may be reasonably requested by the other Party to effectuate or confirm the transfer of that portion of the Improvements affected by the modification in the Ownership Demarcation Point.
No such change or modification shall be valid and binding unless both Parties execute a written amendment to this Agreement, specifying in detail such change or modification, and attaching a Plan depicting the new or modified Ownership Demarcation Point.