Common use of Conditions Precedent to AESO's Monthly Support Payment Obligations Clause in Contracts

Conditions Precedent to AESO's Monthly Support Payment Obligations. ‌ Notwithstanding anything to the contrary contained herein, XXXX's obligations to make Monthly Support Payments to the Generator hereunder shall be subject to the Generator's satisfaction of and ongoing compliance with the following conditions precedent: (a) the Generator shall exclusively hold all right, title and interest in and to the Assets, free and clear of all encumbrances or security interests other than encumbrances permitted pursuant to the Secured Lender's Security Agreements and the AESO Security Documents; (b) the Generator and the Sponsors, as applicable, shall have executed and delivered to the AESO the AESO Security Documents; (c) the Generator shall not have alienated or disposed of its interest in the Assets except in accordance with the procedures and conditions set forth in the AESO Security Documents; and (d) the Generator shall at all times during the Term be in compliance with the AESO Security Documents.

Conditions Precedent to AESO's Monthly Support Payment Obligations. ‌ Notwithstanding anything to the contrary contained herein, XXXX's obligations to make Monthly Support Payments to the Generator hereunder shall be subject to the Generator's satisfaction of and ongoing compliance with the following conditions precedent: (a) the Generator shall exclusively hold all right, title and interest in and to the Assets, free and clear of all encumbrances or security interests other than encumbrances permitted pursuant to the Secured Lender's Security Agreements and the AESO Security Documents; (b) the Generator and the Sponsors, as applicable, shall have executed and delivered to the AESO the AESO Security Documents; (c) the Generator shall not have alienated or disposed of its interest in the Assets except in accordance with the procedures and conditions set forth in the AESO Security Documents; and (d) the Generator shall at all times during the Term be in compliance with the AESO Security Documents.