Examples of Project B in a sentence
The beneficial rights in the Project B Water constitutes a capital asset in the hands of the Selling Shareholders.
The transfer of the beneficial rights in the Project B Water under the Master Sales Agreements and the Interruptible Supply Contract constitute sales of capital assets by the Selling Shareholders.
The Selling Shareholders, for federal income tax purposes, are the beneficial owners of the Project B Water rights, and the sale of such rights, including the short-term Emergency Sales, described above, will not be deemed to be a sale or other disposition of property by the Company or a distribution of property by the Company to the Selling Shareholders with respect to their stock.
The Master Sales Agreements with Purchaser 2 and Purchaser 3 provide they will acquire an aggregate of ccc units of Project B Water at $fff per unit and $ggg per unit, respectively.
The District does so through allotment contracts that require the water users to pay their proportionate share of the District's costs to operate and maintain Project B and to repay the federal government for its construction costs (the “Operating & Reimbursements Costs”).