BESSA Assignment. Seller may not assign this BESSA, in whole or in part, except (a) as authorized in Section 15.4, (b) after prior written notice to PSE and receipt of PSE’s prior written consent, to an entity purchasing Seller or Seller’s business at the Premises that will remain a retail electric customer of PSE at the Premises. Except for assignments authorized under Section 15.4, Seller and the proposed assignee (proposed new Seller) must comply with Sections 15.2.1 through 15.2.4 below as conditions precedent to the effectiveness of any assignment of this BESSA. If Seller or the proposed assignee fails to comply with any of Sections 15.2.1 through 15.2.3 below, the attempted assignment of this XXXXX will be null and void (except for a collateral assignment pursuant to Section 15.4). Any assignment of this BESSA authorized under this Section 15.2 will constitute, from and after the effective date of such assignment, an acceptance and assumption by the assignee (new Seller) of all obligations of Seller under this BESSA and a release and discharge by PSE of the assignor from such obligations arising after the effective date of such assignment.
BESSA Assignment. Seller may not assign this BESSA, in whole or in part, except (a) as authorized in Section 15.4, (b) after prior written notice to PSE and receipt of PSE’s prior written consent, to an entity purchasing Seller or Seller’s business at the Premises that will remain a retail electric customer of PSE at the Premises. Except for assignments authorized under Section 15.4, Seller and the proposed assignee (proposed new Seller) must comply with Sections 15.2.1 through 15.2.4 below as conditions precedent to the effectiveness of any assignment of this BESSA. If Seller or the proposed assignee fails to comply with any of Sections 15.2.1 through 15.2.3 below, the attempted assignment of this XXXXX will be null and void (except for a collateral assignment pursuant to Section 15.4). Any assignment of this BESSA authorized under this Section 15.2 will constitute, from and after the effective date of such assignment, an acceptance and assumption by the assignee (new Seller) of all obligations of Seller under this BESSA and a release and discharge by PSE of the assignor from such obligations arising after the effective date of such assignment. Seller must (a) request PSE’s consent to such assignment by submitting to PSE a draft request for consent consistent with standard industry terms at least twenty (20) Business Days prior to the anticipated effective date of the requested assignment, and (b) receive PSE’s consent to the requested assignment, subject to any revisions or conditions to such consent that PSE may require. If Appendix E is applicable, it will be a condition precedent of any assignment of this BESSA authorized under this Section 15.2 that the assignee (new Seller) maintains Performance Security pursuant to Appendix E as of the effective date of the assignment. If PSE executes the written consent, the assignee (new Seller) must execute and submit to PSE the notice of assignment (a form of which will be provided in conjunction with PSE’s provision of written consent to the assignment), no later than five (5) Business Days after the effective date of the assignment. Within five (5) Business Days following the effective date of an assignment of this BESSA authorized under this Section 15.2, the assignee (new Seller) must set up a new PSE Seller Account for the Facility and provide a W-9 for purposes of billing and payment. Upon establishment of the new PSE Seller Account, such assignee (new Seller) will be enrolled in PSE’s paperless billing process. Seller Nam...
