Assignments by Utility Sample Clauses

Assignments by Utility. In addition, Utility may without the need for consent from Seller (but with prior notice to Seller, including the name of the assignee) Assign this Agreement in whole or in part to any person or entity that acquires all or substantially all of the business or assets of Utility to which this Agreement pertains, whether by merger, reorganization, acquisition, sale, or otherwise, or a portion of the business or assets of Utility to which this Agreement pertains due to changes in service territory; provided, however, that it shall be a condition precedent to such Assignment that such assignee: (a) enters into an assignment and assumption agreement pursuant to which such assignee assumes all of Utility’s obligations under this Agreement and otherwise agrees to be bound by the terms of this Agreement; (b) has the same or better credit rating from S&P and ▇▇▇▇▇’▇ as Utility as of the Execution Date (or if such assignee is not rated by S&P and ▇▇▇▇▇’▇, the same or better creditworthiness as Utility, as reasonably determined by Seller); (c) if required by applicable Requirements of Law, has received approval from any applicable public utility commission or equivalent or any other applicable Governmental Authority.