Financing Accommodations. Utility acknowledges that upon Owner's financing the acquisition and installation of the System or mortgaging the Site with a Financial Institution, that Owner's obligations under the financing may be secured by, among other collateral, a pledge or collateral assignment of this Agreement and a transfer of an ownership interest in the System (subject to a leaseback from the Financial Institution). In order to facilitate such necessary financing, Utility agrees as follows:
Appears in 10 contracts
Samples: Power Purchase Agreement, Power Purchase Agreement, Power Purchase Agreement
Financing Accommodations. Utility Utilities acknowledges that upon Owner's ’s financing the acquisition and installation of the System or mortgaging the Site with a Financial Institution, that Owner's ’s obligations under the financing may be secured by, among other collateral, a pledge or collateral assignment of this Agreement and a transfer of an ownership interest in the System (subject to a leaseback from the Financial Institution). In order to facilitate such necessary financing, Utility Utilities agrees as follows:
Appears in 3 contracts
Samples: Power Purchase Agreement, Power Purchase Agreement, Power Purchase Agreement
Financing Accommodations. Utility Utilities acknowledges that upon Owner's ’s financing the acquisition and installation of the System or mortgaging the Site with a Financial Institution, that Owner's ’s obligations under the financing may be secured by, among other collateral, a pledge or collateral assignment of this Agreement and a transfer of an ownership interest in the System (subject to a leaseback from the Financial Institution). In order to facilitate such necessary financing, Utility Utilities agrees as follows:
Appears in 1 contract
Samples: Power Purchase Agreement
