Common use of Assignment and Transfer of this Agreement Clause in Contracts

Assignment and Transfer of this Agreement. Seller may assign its rights or obligations under this Purchaser Credit Agreement to a third party without your consent, provided that any assignment of Seller’s obligations under this Agreement shall be to a party qualified to perform such obligation. If Seller assigns this Agreement and does not assign the PPA to the same assignee, then Seller is deemed to have elected to settle a cumulative Purchaser Credit, if any, by providing a payment of same amount. If Seller assigns this Agreement and the PPA to the same assignee, then Seller may settle a cumulative Purchase Credit, if any, by providing a payment of same amount or by providing electricity from the system at no charge. Purchaser’s rights and obligations under this Agreement will be automatically transferred to any party to whom Purchaser assigns the PPA in accordance with the PPA.

Assignment and Transfer of this Agreement. Seller may assign its rights or obligations under this Purchaser Credit Agreement to a third party without your consent, provided that any assignment of Seller’s obligations under this Agreement shall be to a party qualified to perform such obligation. If Seller assigns this Agreement and does not assign the PPA to the same assignee, then Seller Xxxxxx is deemed to have elected to settle a cumulative Purchaser Credit, if any, by providing a payment of same amount. If Seller assigns this Agreement and the PPA to the same assignee, then Seller may settle a cumulative Purchase Credit, if any, by providing a payment of same amount or by providing electricity from the system at no charge. Purchaser’s rights and obligations under this Agreement will be automatically transferred to any party to whom Purchaser assigns the PPA in accordance with the PPA.