Cash Bids. Upon the expiration of the Facility Lease and upon the Lessee failing to purchase or otherwise reacquire all the right, title and interest in PVNGS and contractual rights related thereto necessary for the operation of the interest (the Lessor's Interest) acquired by the Lessor pursuant to the Transaction Documents, the Lessor shall entertain cash bids from each ANPP Participant for the Lessor's Interest.
Appears in 3 contracts
Samples: Participation Agreement (Public Service Co of New Mexico), Participation Agreement (Public Service Co of New Mexico), Participation Agreement (Public Service Co of New Mexico)
Cash Bids. Upon On the expiration of the Facility Lease Termination Date and upon the Lessee failing to purchase or otherwise reacquire all the right, title and interest in PVNGS and contractual rights related thereto necessary for the operation of the interest (the Lessor's Interest) acquired by the Lessor pursuant to the Transaction Documents, the Lessor shall entertain cash bids from each ANPP Participant for the Lessor's Interest.
Appears in 1 contract
Samples: Participation Agreement (Public Service Co of New Mexico)
