Puget Sound Energy, Inc.
Original Volume No. 1
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Effective Date: 11/01/1998, Docket: CP98-250-002, Status: Effective
Original Sheet No. 28 Original Sheet No. 28 : Effective
Interest on the same terms and conditions as those contained in
the Notice ("Option").
220.127.116.11 If any one or more of the non-transferring Owners submits
a timely written offer to purchase the Offered Interest on the
same terms and conditions as those contained in the Notice, the
Transferring Owner and such non-transferring Owner(s) must
promptly execute the necessary documents to transfer to such non-
transferring Owner(s) the Offered Interest, pro rata (determined
by dividing the Ownership Percentage of each of the non-
transferring Owners submitting a written offer to purchase by the
sum of the Ownership Percentage of each Owner submitting a written
offer to purchase). For purposes of this Section 18.104.22.168, if the
Qualifying Offer was tendered by an Owner, such Owner will be
deemed to have submitted a written offer to purchase under this
Section 22.214.171.124. Nothing in this ARTICLE 2 precludes the Owners
from jointly offering to purchase the Offered Interest.
126.96.36.199 If the non-transferring Owners do not submit timely
written offers to purchase the Offered Interest, the Transferring
Owner may transfer such interest to the Offeror identified in the
Notice pursuant to this Section 188.8.131.52, and on the same terms and
conditions as therein specified. Upon disclosure of the portion
of the transfer documents to the non-transferring Owners as is
necessary to confirm that those documents provide for a transfer
of the Offered Interest on the same terms and conditions as those
contained in the Notice, Offeror will be admitted as an Owner.
184.108.40.206 A recordable document evidencing the right of first
refusal and the waiver of partition, pursuant to this Agreement,
shall be executed and acknowledged by the Owners and recorded in
Lewis County, Washington, by the Project Operator within sixty
(60) days of the Effective Date.
220.127.116.11 Upon any transfer of Ownership Interest under
Section 2.3.2, as to the interest so transferred, the transferee
will become an Owner, with all the same rights and obligations
under this Agreement as the