Common use of Conditions to Effectiveness of PPA Transfer Clause in Contracts

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.

Appears in 4 contracts

Samples: Ppa Transfer Agreement, Ppa Transfer Agreement, Ppa Transfer Agreement

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