Additional Project Contracts. Enter into or become a party to any Additional Project Contract (with any series of related Additional Project Contracts entered into as part of a single transaction or series of related transactions to be considered as one “Additional Project Contract” for purposes of this Section 7.16) unless such Additional Project Contract (a) is in the best interest of, and on terms fair and reasonable to, the relevant Loan Party party thereto and would not reasonably be expected to have a Material Adverse Effect, as certified by a Responsible Officer of the Borrower and (b) if such Additional Project Contract provides for payments of more than $7,000,000 per fiscal year to be made to or received by any Loan Party that owns a Major Project, has been consented to by the Administrative Agent (such consent not to be unreasonably withheld or delayed); provided, that Administrative Agent consent shall not be required under this clause (b) if such Additional Project Contract is a replacement of a Major Project Contract and the terms of such Additional Project Contract, taken as a whole, are not materially worse for the relevant Loan Party party thereto, and the credit of the counterparty thereto (taking into account any relevant credit support or guaranties provided in connection with such Additional Project Contract) is not materially worse than the counterparty to the Major Project Contract being replaced.
Appears in 2 contracts
Samples: Credit Agreement (REV Renewables, Inc.), Credit Agreement (REV Renewables, Inc.)
Additional Project Contracts. Enter into or become a party to any Additional Project Contract (with any series of related Additional Project Contracts entered into as part of a single transaction or series of related transactions to be considered as one “Additional Project Contract” for purposes of this Section 7.16) unless such Additional Project Contract (a) is in the best interest of, and on terms fair and reasonable to, the relevant Loan Party party thereto and would not reasonably be expected to have a Material Adverse Effect, as certified by a Responsible Officer of the Borrower and (b) if such Additional Project Contract provides for payments of more than $7,000,000 5,000,000 per fiscal year to be made to or received by any Loan Party that owns a Major Project, has been consented to by the Administrative Agent (such consent not to be unreasonably withheld or delayed); provided, that Administrative Agent consent shall not be required under this clause (b) if such Additional Project Contract is a replacement of a Major Project Contract and the terms of such Additional Project Contract, taken as a whole, are not materially worse for the relevant Loan Party party thereto, and the credit of the counterparty thereto (taking into account any relevant credit support or guaranties provided in connection with such Additional Project Contract) is not materially worse than the counterparty to the Major Project Contract being replaced.. 109 Sunshine (Northeast) – Credit Agreement
Appears in 2 contracts
Samples: Credit Agreement (REV Renewables, Inc.), Credit Agreement (REV Renewables, Inc.)
