Common use of Assignment of Right to Distributions or Payments; Transfers Clause in Contracts

Assignment of Right to Distributions or Payments; Transfers. The Grantor and any Owner may assign all or any part of their respective rights to receive distributions or payments hereunder, but such assignment shall effect no change in the ownership of the Trust. No Transfer of a beneficial interest in the Trust shall be made by the Grantor, except to an Affiliate or in connection with the sale or disposition of all or substantially all of the Grantor's electric generating business, whether by operation of law or otherwise, and only if prior notice of such assignment is provided to Moody's.

Assignment of Right to Distributions or Payments; Transfers. The Grantor and any Owner may assign all or any part of their respective rights to receive distributions or payments hereunder, but such assignment shall effect no change in the ownership of the Trust. No Transfer of a beneficial interest in the Trust shall be made by the Grantor, except to an Affiliate or in connection with the sale or disposition of all or substantially all of the Grantor's electric generating business, whether by operation of law or otherwise, and only if prior notice of such assignment is provided to Moody's.