Common use of Company's Acknowledgment Clause in Contracts

Company's Acknowledgment. In connection with any assignment relating to the Facility Debt to which Company consents pursuant to Section 19.2 (Assignment by Seller), Company shall, if requested by Seller and if its costs (including reasonable attorneys' fees of outside counsel) in responding to such request are paid by Seller: (i) execute such Hawai‘i-law-governed documents as may be reasonably requested by the Facility Lender to acknowledge such assignment and/or pledge/mortgage and the right of the Facility Lender to (aa) receive copies of notices of Events of Default where the Seller is the Defaulting Party and (bb) have reasonable opportunity to cure such Events of Default and to exercise remedies to assume Seller's obligations under this Agreement; and (ii) provide a legal opinion as to the due authorization of such Company acknowledgment.

Appears in 6 contracts

Samples: Power Purchase Agreement, Power Purchase Agreement, Power Purchase Agreement

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Company's Acknowledgment. In connection with any assignment relating to the Facility Financing Debt to which Company consents pursuant to Section 19.2 20.1 (Assignment by Seller), Company shall, if requested by Seller and if its costs (including reasonable attorneys' fees of outside counsel) in responding to such request are paid by Seller: (i) execute such Hawai‘iHawaii-law-governed documents as may be reasonably requested by the Facility Lender Financing Parties to acknowledge such assignment and/or pledge/mortgage and the right of the Facility Lender Financing Parties to (aa) receive copies of notices of Events of Default where the Seller is the Defaulting defaulting Party and (bb) have reasonable opportunity to cure such Events of Default and to exercise remedies to assume Seller's obligations under this Agreement; and (ii) provide a legal opinion as to the due authorization of such Company acknowledgment.

Appears in 1 contract

Samples: Power Purchase Agreement

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Company's Acknowledgment. In connection with any assignment relating to the Facility Debt to which Company consents pursuant to Section 19.2 (Assignment by Seller), Company shall, if requested by Seller and if its costs (including reasonable attorneys' fees of outside counsel) in responding to such request are paid by Seller: (i) execute such such‌‌ Hawai‘i-law-governed documents as may be reasonably requested by the Facility Lender to acknowledge such assignment and/or pledge/mortgage and the right of the Facility Lender to (aa) receive copies of notices of Events of Default where the Seller is the Defaulting Party and (bb) have reasonable opportunity to cure such Events of Default and to exercise remedies to assume Seller's obligations under this Agreement; and (ii) provide a legal opinion as to the due authorization of such Company acknowledgment.

Appears in 1 contract

Samples: Power Purchase Agreement

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