Facilities Agreement. This Agreement is entered into this 16th day of August, 2018, by and between Ohio Power Company (“OPCO”) and AEP Ohio Transmission Company (together “AEP”), Licking Rural Electrification, Inc., an Ohio not-for-profit corporation (“Licking”) and Buckeye Power, Inc., an Ohio not-for-profit corporation (“Buckeye”), being sometimes herein referred to collectively as the “Parties” or singularly as a “Party”.
Facilities Agreement. The Parties acknowledge that, on the Effective Date, Provider and Firm have entered into a Facilities Sharing Agreement for the sublease of a portion of the premises to be occupied by Firm after the Effective Date (the “Facilities Agreement”). The Parties acknowledge that either Party may immediately terminate the Facilities Agreement upon termination or expiration of this Agreement, in accordance with the terms and conditions of the Facilities Agreement.
Facilities Agreement. Except as varied by the terms of this agreement, the Facilities Agreement will remain in full force and effect and any reference in the Facilities Agreement to "this Agreement", "herein", "Senior Facilities Agreement" and similar references or to any provision of the Facilities Agreement will be construed as a reference to the Facilities Agreement, or that provision, as amended by this agreement.
Facilities Agreement. Prior to opening for students, The School will provide an executed lease. A pre-opening site visit will be conducted prior to opening of the School. Prior to commencing instruction, the School shall provide RCOE proof that a certificate of occupancy for the school site has been obtained and/or that facilities space has been provided under a Prop 39 agreement, as applicable. The School will upload into Epicenter a written signed agreement, Certificate of Occupancy, applicable Fire Marshal Clearance, and/ or signed Building Permit Inspections, if requested by RCOE.
Facilities Agreement. An event of default has occurred under the Facilities Agreement or any Security Document.
Facilities Agreement. At Closing, Purchaser shall assume the obligations of Seller set forth in the Facilities Agreement; provided, however, operating expenses and income thereunder shall be prorated as of the Closing Date as set forth in Section 5.4.1 and Section 5.4.2.
Facilities Agreement. The Facilities Agreement had its genesis in 1987 when the utility embarked on the development of a Transmission Extension Policy. The draft policy was circulated to industry representatives and comments were received by both B.C. Hydro and the Commission. Although all the issues raised were not resolved, B.C. Hydro made a formal Application on September 19, 1988 to the Commission for approval of its new Transmission Extension Policy. Approval was deferred following advice from B.C. Hydro that further amendments were in progress. In the December 5, 1989 Facilities Agreement Application, B.C. Hydro had only given cursory treatment to transmission extension. The Industrial Users took exception to Clause 6 which dealt with transmission extension, and expressed the following concern to the Commission, "it appears impossible to finalize the wording of the transmission extension clause of this Agreement until the transmission extension policy of B.C. Hydro has been finalized". The stage was therefore created for B.C. Hydro to expedite completion of the Transmission Extension Policy which provided the basis for the Facilities Agreement. At a pre-hearing conference on June 4, 1990, B.C. Hydro requested a delay in the hearing to allow the utility time to complete development of its Transmission Extension Policy which would be the basis for the preparation of the Standard Facilities Agreement for Transmission rate customers. The hearing was re-scheduled to commence October 16, 1990.
Facilities Agreement. The Notes are issued on the condition that each Lender is bound by the provisions of the Facilities Agreement.
Facilities Agreement. The Notes are issued on the condition that each Lender is bound by the provisions of the Facilities Agreement. In the event of inconsistency between the provisions of this deed and the Facilities Agreement, this deed will prevail.
Facilities Agreement. PR Borrower agrees to (i) request under Section 1 of the Facilities Agreement to lease such additional capacity, cable and fibers on the Fiber Network (as defined therein) as may be necessary, in the reasonable commercial judgment of PR Borrower, for the operation of the PR Systems, (ii) notify Agents of any failure of either other party thereto to comply with its obligations thereunder in any material respect and (iii) take such action, if any, as may be reasonably requested by the Majority Lenders in their reasonable commercial judgment to enforce its rights and remedies against such other party in respect of any such failure to comply with such obligations in any material respect provided that any such action shall not be prohibited by law or by the Facilities Agreement.
