Common use of Asset Acquisitions Clause in Contracts

Asset Acquisitions. Lessee and Lessor will cooperate in good faith to ensure that all CREZ Assets are acquired in Lessor’s name or are acquired by Lessee and subsequently transferred to Lessor, subject to any necessary regulatory approvals. In connection therewith, Lessee agrees (a) to transfer to Lessor all previously acquired CREZ Assets, (b) that any future-acquired CREZ Assets will be deemed automatically transferred to Lessor, (c) to take reasonable actions as are necessary and appropriate to document the transfer of any such CREZ Assets to Lessor and, if applicable, to memorialize the security interest in such CREZ Assets required to be granted pursuant to the terms of the Debt Agreements, including through the delivery and recordation of mortgages, deeds of trust or UCC financing statements, and (d) to take reasonable steps to record the transfer and such security interest in the records of the applicable county or other applicable locale in which the CREZ Assets are located.

Asset Acquisitions. Lessee and Lessor will cooperate in good faith to ensure that all CREZ Assets assets comprising the System (“System Assets”) are acquired in Lessor’s name or are acquired by Lessee and subsequently transferred to Lessor, subject to any necessary regulatory approvals. In connection therewith, Lessee agrees (a) to transfer to Lessor all previously acquired CREZ System Assets, (b) that any future-acquired CREZ System Assets will be deemed automatically transferred to Lessor, (c) to take reasonable actions as are SYSTEM LEASE AGREEMENT necessary and appropriate to document the transfer of any such CREZ System Assets to Lessor and, if applicable, to memorialize the security interest in such CREZ System Assets required to be granted pursuant to the terms of the Debt Agreements, including through the delivery and recordation of mortgages, deeds of trust or UCC financing statements, and (d) to take reasonable steps to record the transfer and such security interest in the records of the applicable county or other applicable locale in which the CREZ System Assets are located.

Asset Acquisitions. Lessee and Lessor will cooperate in good faith to ensure that all CREZ Assets are acquired in Lessor’s name or are acquired by Lessee and subsequently transferred to Lessor, subject to any necessary regulatory approvals. In connection therewith, Lessee agrees (a) to transfer to Lessor all previously acquired CREZ Assets, (b) that any future-acquired CREZ Assets will be deemed automatically transferred to Lessor, (c) to take reasonable actions as are necessary and appropriate to document the transfer of any such CREZ Assets to Lessor and, if applicable, to memorialize the security interest in such CREZ Assets required to be granted pursuant to the terms of the Debt Agreements, including through the delivery and recordation of mortgages, deeds of trust or UCC financing statements, and (d) to take reasonable steps to record the transfer and such security interest in the records of the applicable county or other applicable locale in which the CREZ Assets are located.

Asset Acquisitions. Lessee and Lessor will cooperate in good faith to ensure that all CREZ ERCOT Transmission Assets are acquired in Lessor’s name or are acquired by Lessee and subsequently transferred to Lessor, subject to any necessary regulatory approvals. In connection therewith, Lessee agrees (a) to transfer to Lessor all previously acquired CREZ ERCOT Transmission Assets, (b) that any future-acquired CREZ ERCOT Transmission Assets will be deemed automatically transferred to Lessor, (c) to take reasonable actions as are necessary and appropriate to document the transfer of any such CREZ ERCOT Transmission Assets to Lessor and, if applicable, to memorialize the security interest in such CREZ ERCOT Transmission Assets required to be granted pursuant to the terms of the Debt Agreements, including through the delivery and recordation of mortgages, deeds of trust or UCC financing statements, and (d) to take reasonable steps to record the transfer and such security interest in the records of the applicable county or other applicable locale in which the CREZ ERCOT Transmission Assets are located.