Common use of Assignment by Provider Clause in Contracts

Assignment by Provider. Provider shall not sell, transfer or assign (collectively, an “Assignment”) the Agreement or any interest therein, without the prior written consent of Purchaser, which shall not be unreasonably withheld, conditioned or delayed; provided, however, that, without the prior consent of Purchaser, Provider may (i) assign this Agreement to an Affiliate provided such assignment occurs no later than 90 days after the Commercial Operation Date, and that Affiliate has the financial wherewithal and ability to perform Provider’s obligations at least equal to Provider; (ii) assign this Agreement as collateral security in connection with any financing of the System (including, without limitation, pursuant to a sale- leaseback transaction). In the event that Provider identifies such secured Financing Party in Schedule 5 of the Special Conditions, or in a subsequent notice to Purchaser, then Purchaser shall comply with the provisions set forth in Exhibit A of these General Terms and Conditions. Any Financing Party shall be an intended third-party beneficiary of this Section 13.1. Any assignment by Provider without any required prior written consent of Provider shall not release Purchaser of its obligations hereunder.

Appears in 3 contracts

Samples: Services Agreement, Services Agreement, Services Agreement

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Assignment by Provider. Provider shall not sell, transfer or assign (collectively, an “Assignment”) the Agreement or any interest therein, without the prior written consent of Purchaser, which shall not be unreasonably withheld, conditioned or delayed; provided, however, that, without the prior consent of Purchaser, Provider may (ia) assign this Agreement to an Affiliate provided such assignment occurs no later than 90 days after the Commercial Operation Commencement Date, and that Affiliate has the financial wherewithal and ability to perform Provider’s obligations at least equal to Provider; (iib) assign this Agreement as collateral security in connection with any financing of the System (including, without limitation, pursuant to a sale- sale-leaseback transaction). In the event that Provider identifies such secured Financing Party in Schedule 5 of the Special Conditionshereto, or in a subsequent notice to Purchaser, then Purchaser shall comply with the provisions set forth in Exhibit A of these General Terms and Conditionshereto. Any Financing Party shall be an intended third-party beneficiary of this Section 13.1. Any assignment by Provider without any required prior written consent of Provider shall not release Purchaser of its obligations hereunder.Section

Appears in 1 contract

Samples: Solar Power Services Agreement

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