Common use of Cooperation; Sale in Lieu of Condemnation Clause in Contracts

Cooperation; Sale in Lieu of Condemnation. The Issuer agrees that, if and to the extent that the Company may request, it will cooperate with the Company at the expense of the Company in all matters relating to any casualty to or condemnation of all or any part of the Project and to this end the Issuer hereby authorizes the Company to take any and all action, in its own name or in the name of the Issuer as the Company may elect, which the Issuer could take in respect of such matters.

Appears in 3 contracts

Samples: Loan Agreement (Cleco Corp), Loan Agreement (Cleco Power LLC), Loan Agreement (Cleco Power LLC)

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Cooperation; Sale in Lieu of Condemnation. The Issuer agrees that, if and to the extent that the Company may request, it will cooperate with the Company at the expense of the Company in all matters relating to any casualty to or condemnation of all or any part of the Project and to this end the Issuer hereby authorizes the Company to take any and all action, in its own name or in the name of the Issuer as the Company may elect, which the Issuer could take in respect of such matters, after giving prior written notice to the Issuer.

Appears in 2 contracts

Samples: Loan Agreement (Cleco Corp), Loan Agreement (Cleco Corp)

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