Credit and Collateral Covenants. (a) Seller shall, from time to time as requested by SCE, execute, acknowledge, record, register, deliver and file all such notices, statements, instruments and other documents as may be necessary or advisable to render fully valid and enforceable under all applicable laws the rights, liens and priorities of SCE with respect to the Security Interest provided for herein and therein.
Credit and Collateral Covenants. (a) Seller shall, from time to time as requested by Anaheim, execute, acknowledge, record, register, deliver, and file all such notices, statements, instruments, and other documents as may be necessary or advisable to render fully valid and enforceable under all Applicable Laws the rights, liens, and priorities of Anaheim with respect to the Security Interest provided for herein and therein.
Credit and Collateral Covenants. Owner shall, from time to time as requested by XXXX, execute, acknowledge, record, register, deliver and file all such notices, statements, instruments and other documents as may be necessary or advisable to render fully valid and enforceable under all Applicable Laws the rights, liens and priorities of CHGE with respect to the Security Interest provided for herein and therein. Owner may not cause or permit the stock or other equity ownership interest in Owner or assets of Owner to be pledged or assigned, as collateral or otherwise, to any party other than Lender under a Collateral Assignment Agreement. Owner may not hold any material assets, become liable for any material obligations or engage in any material business activities other than the development, construction and operation of the Project. Owner may not own, form or acquire, or otherwise conduct any of its activities through, any direct or indirect subsidiary. During any period during which Owner is a Defaulting Party, Owner shall not: declare or pay any dividend, or make any other distribution or payment, on account of any equity interest in Owner; or otherwise make any distribution or payment to any Affiliate of Owner.
Credit and Collateral Covenants. (a) Owner shall, from time to time as requested by CHGE, execute, acknowledge, record, register, deliver and file all such notices, statements, instruments and other documents as may be necessary or advisable to render fully valid and enforceable under all Applicable Laws the rights, liens and priorities of CHGE with respect to the Security Interest provided for herein and therein.
Credit and Collateral Covenants. (a) Owner shall, from time to time as requested by RG&E, execute, acknowledge, record, register, deliver and file all such notices, statements, instruments and other documents as may be necessary or advisable to render fully valid and enforceable under all Applicable Laws the rights, liens and priorities of RG&E with respect to the Security Interest provided for herein and therein.
Credit and Collateral Covenants. (a) Seller shall, from time to time as reasonably requested by Anaheim execute, acknowledge, record, register, deliver and file all such notices, statements, instruments and other documents as may be necessary or advisable to render fully valid and enforceable under all Applicable Laws the rights, liens and priorities of Anaheim with respect to the Security Interest provided for herein and therein.
(b) During any period during which Seller is a Defaulting Party, Seller may not:
(i) Declare or pay any dividend, or make any other distribution or payment, on account of any equity interest in Seller; or
(ii) Otherwise make any distribution or payment to any Affiliate of Seller, except for payments to an Affiliate under contract with Seller to operate and maintain the Generating Facility in the ordinary course of business.
Credit and Collateral Covenants. (a) During any period during which Implementer is a Defaulting Party, Implementer shall not:
Credit and Collateral Covenants. (a) Owner shall, from time to time as requested by CECONY, execute, acknowledge, record, register, deliver and file all such notices, statements, instruments and other documents as may be necessary or advisable to render fully valid and enforceable under all Applicable Laws the rights, liens and priorities of CECONY with respect to the Security Interest provided for herein and therein.
Credit and Collateral Covenants. (a) Owner shall, from time to time as requested by NYSEG, execute, acknowledge, record, register, deliver and file all such notices, statements, instruments and other documents as may be necessary or advisable to render fully valid and enforceable under all Applicable Laws the rights, liens and priorities of NYSEG with respect to the Security Interest provided for herein and therein.
Credit and Collateral Covenants. (a) Owner shall, from time to time as requested by X&X, execute, acknowledge, record, register, deliver and file all such notices, statements, instruments and other documents as may be necessary or advisable to render fully valid and enforceable under all Applicable Laws the rights, liens and priorities of O&R with respect to the Security Interest provided for herein and therein.
