Common use of Replacement Agreement Clause in Contracts

Replacement Agreement. In the event that the Assigned Agreement is rejected or otherwise terminated as a result of any bankruptcy or insolvency proceeding affecting the Provider, the Customer shall, at the option of the System Lessor or the System Lessor’s respective successor, assignee and/or designee, enter into a new agreement with the System Lessor or any Substitute Owner (or its transferee or other nominee that owns or leases the Project) having terms substantially the same as the terms of the Assigned Agreement. Thereafter, references in this Consent to the “Assigned Agreement” shall be deemed to refer to such new agreement.

Replacement Agreement. In the event that the any Assigned Agreement is rejected or otherwise terminated as a result of any bankruptcy or insolvency proceeding affecting the Provider, the Customer shall, at the option of the System Lessor Collateral Agent or the System LessorCollateral Agent’s respective successor, assignee and/or designee, enter into a new agreement with the System Lessor Collateral Agent or any Substitute Owner (or its transferee or other nominee that owns or leases the Project) having terms substantially the same as the terms of the such Assigned Agreement. Thereafter, references in this Consent to the such “Assigned Agreement” shall be deemed to refer to such new agreement.

Replacement Agreement. In the event that the any Assigned Agreement is rejected or otherwise terminated as a result of any bankruptcy or insolvency proceeding affecting the Provider, the Customer shall, at the option of the System Lessor or the System Lessor’s respective successor, assignee and/or designee, enter into a new agreement with the System Lessor or any Substitute Owner (or its transferee or other nominee that owns or leases the Project) having terms substantially the same as the terms of the such Assigned Agreement. Thereafter, references in this Consent to the such “Assigned Agreement” shall be deemed to refer to such new agreement.