Common use of General Assignment Clause in Contracts

General Assignment. Neither Party shall assign this Agreement or its rights hereunder without the prior written consent of the other Party, which consent will not be unreasonably conditioned, delayed, or withheld so long as among other things (a) the assignee assumes the transferring Party’s payment and performance, credit and collateral obligations under this Agreement, (b) the assignee agrees in writing to be bound by the terms and conditions hereof, (c) the transferring Party delivers evidence satisfactory to the non-transferring Party of the proposed assignee’s technical and financial capability to fulfill the assigning Party’s obligations hereunder, (d) the transferring Party delivers such tax and enforceability assurance as the other Party may reasonably request, and (e) in the case of Seller as the transferring Party with a transfer to an assignee that will have operational control of the Project, Seller delivers to Buyer, upon Xxxxx’s request, documentation to demonstrate the assignee is capable of satisfying and complying with the Safety Requirements.

Appears in 22 contracts

Samples: Long Term Resource Adequacy Agreement, Long Term Resource Adequacy Agreement, Long Term Resource Adequacy Agreement

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General Assignment. Neither Party shall will assign this Agreement or its rights hereunder without the prior written consent of the other Party, which consent will not be unreasonably conditioned, delayed, or withheld so long as among other things (a) the assignee assumes the transferring Party’s payment and performance, credit and collateral obligations under this Agreement, (b) the assignee agrees in writing to be bound by the terms and conditions hereof, (c) the transferring Party delivers evidence satisfactory to the non-transferring Party of the proposed assignee’s technical and financial capability to fulfill the assigning Party’s obligations hereunder, (d) the transferring Party delivers such tax and enforceability assurance as the other Party may reasonably request, and (e) in the case of Seller as the transferring Party with a transfer to an assignee that will have operational control of the Project, Seller delivers to Buyer, upon XxxxxBuyer’s request, documentation to demonstrate the assignee is capable of satisfying and complying with the Safety Requirements.

Appears in 7 contracts

Samples: Distribution Services Agreement, Distribution Services Agreement, Distribution Services Agreement

General Assignment. Neither Party shall Seller will not assign this Agreement or its rights hereunder without the prior written consent of the other PartyXxxxx, which consent will not be unreasonably conditioned, delayed, or withheld so long as among other things (a) the assignee assumes the transferring Party’s payment and performance, credit and collateral obligations under this Agreement, (b) the assignee agrees in writing to be bound by the terms and conditions hereof, (c) the transferring Party delivers evidence satisfactory to the non-transferring Party of the proposed assignee’s technical and financial capability to fulfill the assigning Party’s obligations hereunder, (d) the transferring Party delivers such tax and enforceability assurance as the other Party may reasonably request, and (e) in the case of Seller as the transferring Party with a transfer to an assignee that will have operational control of the Project, Seller delivers to Buyer, upon XxxxxBuyer’s request, documentation to demonstrate the assignee is capable of satisfying and complying with the Safety Requirements.

Appears in 3 contracts

Samples: Capacity Storage Agreement, Capacity Storage Agreement, Capacity Storage Agreement

General Assignment. Neither Party shall Seller will not assign this Agreement or its rights hereunder without the prior written consent of the other PartyBuyer, which consent will not be unreasonably conditioned, delayed, or withheld so long as among other things (a) the assignee assumes the transferring Party’s payment and performance, credit and collateral obligations under this Agreement, (b) the assignee agrees in writing to be bound by the terms and conditions hereof, (c) the transferring Party delivers evidence satisfactory to the non-transferring Party of the proposed assignee’s technical and financial capability to fulfill the assigning Party’s obligations hereunder, (d) the transferring Party delivers such tax and enforceability assurance as the other Party may reasonably request, and (e) in the case of Seller as the transferring Party with a transfer to an assignee that will have operational control of the Project, Seller delivers to Buyer, upon XxxxxBuyer’s request, documentation to demonstrate the assignee is capable of satisfying and complying with the Safety Requirements.

Appears in 3 contracts

Samples: Capacity Storage Agreement, Capacity Storage Agreement, Capacity Storage Agreement

General Assignment. Neither Party shall assign this Agreement or its rights hereunder without the prior written consent of the other Party, which consent will not be unreasonably conditioned, delayed, or withheld so long as among other things (a) the assignee assumes the transferring Party’s payment and performance, credit and collateral obligations under this Agreement, (b) the assignee agrees in writing to be bound by the terms and conditions hereof, (c) the transferring Party delivers evidence satisfactory to the non-transferring Party of the proposed assignee’s technical and financial capability to fulfill the assigning Party’s obligations hereunder, (d) the transferring Party delivers such tax and enforceability assurance as the other Party may reasonably request, and (e) in the case of Seller as the transferring Party with a transfer to an assignee that will have operational control of the Project, Seller delivers to Buyer, upon XxxxxBuyer’s request, documentation to demonstrate the assignee is capable of satisfying and complying with the Safety Requirements.

Appears in 2 contracts

Samples: Distribution Services Agreement, Long Term Resource Adequacy Agreement

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General Assignment. Neither Party shall will assign this Agreement or its rights hereunder without the prior written consent of the other Party, which consent will not be unreasonably conditioned, delayed, or withheld so long as among other things (a) the assignee assumes the transferring Party’s payment and performance, credit and collateral obligations under this Agreement, (b) the assignee agrees in writing to be bound by the terms and conditions hereof, (c) the transferring Party delivers evidence satisfactory to the non-transferring Party of the proposed assignee’s technical and financial capability to fulfill the assigning Party’s obligations hereunder, (d) the transferring Party delivers such tax and enforceability assurance as the other Party may reasonably request, and (e) in the case of Seller as the transferring Party with a transfer to an assignee that will have operational control of the Project, Seller delivers to Buyer, upon XxxxxBuyer’s request, documentation to demonstrate the assignee is capable of satisfying and complying with the Safety Requirements.. 41

Appears in 1 contract

Samples: Distribution Services Agreement

General Assignment. Neither Party shall will assign this Agreement or its rights hereunder without the prior written consent of the other Party, which consent will not be unreasonably conditioned, delayed, or withheld so long as among other things (a) the assignee assumes the transferring Party’s payment and performance, credit and collateral obligations under this Agreement, (b) the assignee agrees in writing to be bound by the terms and conditions hereof, (c) the transferring Party delivers evidence satisfactory to the non-transferring Party of the proposed assignee’s technical and financial capability to fulfill the assigning Party’s obligations hereunder, (d) the transferring Party delivers such tax and enforceability assurance as the other Party may reasonably request, and (e) in the case of Seller as the transferring Party with a transfer to an assignee that will have operational control of the Project, Seller delivers to Buyer, upon Xxxxx’s request, documentation to demonstrate the assignee is capable of satisfying and complying with the Safety Requirements.

Appears in 1 contract

Samples: System Reliability Energy Efficiency Agreement

General Assignment. Neither Except as provided in Sections 21.2 and 21.3, neither Party shall will assign this Agreement or its rights hereunder without the prior written consent of the other Party, which consent will not be unreasonably conditioned, delayed, or withheld so long as among other things (a) the assignee assumes the transferring Party’s payment and performance, credit and collateral performance obligations under this Agreement, (b) the assignee agrees in writing to be bound by the terms and conditions hereof, (c) the transferring Party delivers evidence satisfactory to the non-transferring Party of the proposed assignee’s technical and financial capability to fulfill the assigning Party’s obligations hereunder, (d) the transferring Party delivers such tax and enforceability assurance as the other Party may reasonably request, and (e) in the case of Seller as the transferring Party with a transfer to an assignee that will have operational control of the Project, Seller delivers to Buyer, upon XxxxxBuyer’s request, documentation to demonstrate the assignee is capable of satisfying and complying with the Safety Requirements.

Appears in 1 contract

Samples: Energy Storage Agreement

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