Conditions to Effectiveness of PPA Transfer Sample Clauses

Conditions to Effectiveness of PPA Transfer. Homeowner acknowledges that, until this PPA Transfer Agreement is consented to by Seller, Homeowner is still responsible for performing under the PPA. If Assuming Party defaults on the PPA and this PPA Transfer Agreement is not consented to by Seller, Homeowner acknowledges that Homeowner will be responsible for the default. Once this PPA Transfer Agreement is fully executed and consented to by Seller, Homeowner shall no longer have any obligations under the PPA or with regard to the System upon transfer of title of the home to Assuming Party.
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Conditions to Effectiveness of PPA Transfer. Assignor acknowledges that, until this PPA Transfer Agreement is consented to by Seller, Assignor is still responsible for performing under the PPA. If Assignee defaults on the PPA and this PPA Transfer Agreement is not consented to by Seller, Assignor acknowledges that Assignor will be responsible for the default. Once this PPA Transfer Agreement is fully executed and consented to by Seller, Assignor shall no longer have any obligations under the PPA or with regard to the System, upon transfer of title of the home to Assignee, or in situations where title of home is not transferring when consented to by Seller.
Sample 1
Conditions to Effectiveness of PPA Transfer. Homeowner acknowledges that, until this PPA Transfer Agreement is consented to by Seller, Homeowner is still responsible for performing under the PPA. If Assuming Party defaults on the PPA and this PPA Transfer Agreement is not consented to by Seller, Homeowner acknowledges that Homeowner will be responsible for the default. Once this PPA Transfer Agreement is fully executed and consented to by Seller, Homeowner shall no longer have any obligations under the PPA or with regard to Homeowner will be responsible for Monthly Payments (or any portion thereof) accrued under their PPA until THE TRANSFER IS COMPLETE. Thereafter, the Assuming Party will be responsible for all Monthly Payments. The monthly PPA payment will increase by $7.50 if you do not make automatic monthly payments from your checking or savings account via Automated Clearing House (“ACH”).
Sample 1

Related to Conditions to Effectiveness of PPA Transfer

  • Conditions to Effectiveness This Eighth Amendment, and the modifications to the Credit Agreement provided for herein, shall become effective on the date (the "Eighth Amendment ---------------- Effective Date") on which all of the following conditions have been (or are -------------- concurrently being) satisfied: --- 1. This Eighth Amendment shall have been executed and delivered by each party hereto. 2. All payments required under Article V, Section 1 of this Eighth Amendment shall have been paid to the Lender by the Borrower. 3. The Lender shall have received a copy, in form and substance reasonably satisfactory to the Lender, of the corporate resolutions of the Borrower, authorizing the revision in the Revolver Borrowing Base and the execution, delivery and performance of this Eighth Amendment, certified by the Secretary or an Assistant Secretary of the Borrower as of the Eighth Amendment Effective Date, which certificates shall state that the resolutions or authorizations thereby certified have not been amended, modified, revoked or rescinded as of the date of such certificate. 4. The Lender shall have received a certificate of the Secretary or an Assistant Secretary of the Borrower, dated the Eighth Amendment Effective Date, as to the incumbency and signature of the officer(s) of the Borrower executing this Eighth Amendment and any certificate or other document to be delivered by it pursuant hereto, together with evidence of the incumbency of such Secretary or Assistant Secretary. 5. Each of the representations and warranties made by the Borrower in or pursuant to the Credit Documents shall be true and correct in all material respects on and as of the Eighth Amendment Effective Date as if made on and as of such date (except to the extent the same relate to another, earlier date, in which case they shall be true and correct in all material respects as of such earlier date). 6. No Default or Event of Default shall have occurred and be continuing. 7. All corporate and other proceedings, and all documents, instruments and other legal matters in connection with the transactions contemplated by this Eighth Amendment, the Existing Credit Agreement, the Credit Agreement and the other Credit Documents shall be reasonably satisfactory in form and substance to the Lender, and the Lender shall have received such other documents in respect of any aspect or consequence of the transactions contemplated hereby or thereby as it shall reasonably request. 8. The Lender shall have received each additional document, instrument, legal opinion or item of information reasonably requested by the Lender, including, without limitation, a copy of any debt instrument, security agreement or other material contract to which the Borrower is to be a party.

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