Common use of Lease or Transfer of Project Facilities Clause in Contracts

Lease or Transfer of Project Facilities. In connection with any lease or transfer by the Company of the Project Facilities financed with Bond proceeds, the Company will require that the lessee or transferee and all Related Persons with respect to such lessee or transferee will not violate the covenants set forth in this Section 4.12.

Appears in 3 contracts

Samples: Loan Agreement (PPL Energy Supply LLC), Exempt Facilities Loan Agreement (PPL Energy Supply LLC), Exempt Facilities Loan Agreement (PPL Electric Utilities Corp)

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Lease or Transfer of Project Facilities. In connection with any lease or transfer by the Company of the Project Facilities financed with Bond proceeds, the Company will require that the lessee or transferee and all Related Persons with respect to such lessee or transferee will not violate the covenants set forth in this Section 4.12Section.

Appears in 2 contracts

Samples: Exempt Facilities Loan Agreement (Allegheny Energy, Inc), Exempt Facilities Loan Agreement (Allegheny Energy, Inc)

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Lease or Transfer of Project Facilities. In connection with any lease or transfer by the Company of the Project Facilities financed with Bond proceeds, the Company will require that the lessee or transferee and all Related Persons with respect to such lessee or transferee will not violate the covenants set forth in this Section 4.125.11.

Appears in 1 contract

Samples: Loan Agreement (Delmarva Power & Light Co /De/)

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