Common use of Owner Assignment Clause in Contracts

Owner Assignment. Owner shall not sell, transfer or assign (collectively, an "Assignment") this Agreement or any interest therein, without the prior written consent of Utility, which consent shall not be unreasonably withheld; provided , however, that Owner is not required to obtain Utility's consent in order to: (a) assign this Agreement to any affiliate of Owner with an equal or greater credit rating and with the legal authority and operational ability to satisfy the obligations of Owner under this Agreement, and undertakes in writing to perform those obligations, or (b) sell, transfer, assign or pledge its interest in the System or any monies due under this Agreement to a financial institution ("Financial Institution") (provided that Utility will not pay to a third party any monies owed hereunder without the advance written direction of Owner). Utility's consent to any other Assignment shall not be unreasonably withheld if Utility has been provided with reasonable proof that the proposed assignee: (i) has or is prepared to obtain comparable experience and/or capability in operating and maintaining photovoltaic solar systems comparable to the System and providing services required by this Agreement; and (ii) has the financial capability to maintain and operate the System and provide the services required by this Agreement. A direct assignee from Owner of this Agreement (that is not a Financial Institution acquiring an interest pursuant to a security agreement) shall assume in writing, in form and content reasonably satisfactory to Utility, the due performance of all Owner's obligations under this Agreement, including any accrued obligations at the time of the Assignment. A copy of the Assignment agreement, fully executed and acknowledged by the assignee, together with a certified copy of a properly executed corporate resolution (if the assignee be a corporation) authorizing such Assignment agreement shall be sent to Utility not less than ten (10) days before the Contract Date of such Assignment.

Owner Assignment. Owner shall not sell, transfer or assign (collectively, an "“Assignment"”) this Agreement or any interest therein, without the prior written consent of UtilityUtilities, which consent shall not be unreasonably withheld; provided provided, however, that Owner is not required to obtain Utility's Utilities’ consent in order to: (a) assign this Agreement to any affiliate of Owner with an equal or greater credit rating and with the legal authority and operational ability to satisfy the obligations of Owner under this Agreement, and undertakes in writing to perform those obligations, or (b) sell, transfer, assign or pledge its interest in the System or any monies due under this Agreement to a financial institution ("“Financial Institution"”) (provided that Utility Utilities will not pay to a third party any monies owed hereunder without the advance written direction of Owner). Utility's Utilities’ consent to any other Assignment shall not be unreasonably withheld if Utility Utilities has been provided with reasonable proof that the proposed assignee: (i) has or is prepared to obtain comparable experience and/or capability in operating and maintaining photovoltaic solar systems comparable to the System and providing services required by this Agreement; and (ii) has the financial capability to maintain and operate the System and provide the services required by this Agreement. A direct assignee from Owner of this Agreement (that is not a Financial Institution acquiring an interest pursuant to a security agreement) shall assume in writing, in form and content reasonably satisfactory to UtilityUtilities, the due performance of all Owner's ’s obligations under this Agreement, including any accrued obligations at the time of the Assignment. A copy of the Assignment agreement, fully executed and acknowledged by the assignee, together with a certified copy of a properly executed corporate resolution (if the assignee be a corporation) authorizing such Assignment agreement shall be sent to Utility Utilities not less than ten (10) days before the Contract Date of such Assignment.

Owner Assignment. Owner shall not sell, transfer transfer, or assign (collectively, an "Assignment") this Agreement or any interest therein, without the prior written consent of Utility, which consent shall not be unreasonably withheld; provided provided, however, that Owner is not required to obtain Utility's consent in order to: (a) assign this Agreement to any affiliate of Owner with an equal or greater credit rating and with the legal authority and operational ability to satisfy the obligations of Owner under this Agreement, and undertakes in writing to perform those obligations, or (b) sell, transfer, assign assign, or pledge its interest in the System or any monies due under this Agreement to a financial institution ("Financial Institution") (provided that Utility will not pay to a third party any monies owed hereunder without the advance written direction of Owner). Utility's consent to any other Assignment shall not be unreasonably withheld if Utility has been provided with reasonable proof that the proposed assignee: (i) has or is prepared to obtain comparable experience and/or capability in operating and maintaining photovoltaic solar generating systems comparable to the System and providing services required by this Agreement; and (ii) has the financial capability to maintain and operate the System and provide the services required by this Agreement. A direct assignee from Owner of this Agreement (that is not a Financial Institution acquiring an interest pursuant to a security agreement) shall assume in writing, in form and content reasonably satisfactory to Utility, the due performance of all Owner's obligations under this Agreement, including any accrued obligations at the time of the Assignment. A copy of the Assignment agreement, fully executed and acknowledged by the assignee, together with a certified copy of a properly executed corporate resolution (if the assignee be a corporation) authorizing such Assignment agreement shall be sent to Utility not less than ten (10) days before the Contract Date of such Assignment.

Owner Assignment. Owner shall not sell, transfer transfer, or assign (collectively, an "Assignment") this Agreement or any interest therein, without the prior written consent of Utility, which consent shall not be unreasonably withheld; provided provided, however, that Owner is not required to obtain Utility's consent in order to: (a) assign this Agreement to any affiliate of Owner with an equal or greater credit rating and with the legal authority and operational ability to satisfy the obligations of Owner under this Agreement, and undertakes in writing to perform those obligations, or (b) sell, transfer, assign assign, or pledge its interest in the System or any monies due under this Agreement to a financial institution ("Financial Institution") (provided that Utility will not pay to a third party any monies owed hereunder without the advance written direction of Owner). Utility's consent to any other Assignment shall not be unreasonably withheld if Utility has been provided with reasonable proof that the proposed assignee: (i) has or is prepared to obtain comparable experience and/or capability in operating and maintaining photovoltaic solar hydroelectric generating systems comparable to the System and providing services required by this Agreement; and (ii) has the financial capability to maintain and operate the System and provide the services required by this Agreement. A direct assignee from Owner of this Agreement (that is not a Financial Institution acquiring an interest pursuant to a security agreement) shall assume in writing, in form and content reasonably satisfactory to Utility, the due performance of all Owner's obligations under this Agreement, including any accrued obligations at the time of the Assignment. A copy of the Assignment agreement, fully executed and acknowledged by the assignee, together with a certified copy of a properly executed corporate resolution (if the assignee be a corporation) authorizing such Assignment agreement shall be sent to Utility not less than ten (10) days before the Contract Date of such Assignment.

Owner Assignment. Owner shall not sell, transfer or assign (collectively, an "“Assignment"”) this Agreement or any interest therein, without the prior written consent of UtilityUtilities, which consent shall not be unreasonably withheld; provided provided, however, that Owner is not required to obtain Utility's Utilities’ consent in order to: (a) assign this Agreement to any affiliate of Owner with an equal or greater credit rating and with the legal authority and operational ability to satisfy the obligations of Owner under this Agreement, and undertakes in writing to perform those obligations, or (b) sell, transfer, assign or pledge its interest in the System or any monies due under this Agreement to a financial institution ("“Financial Institution"”) (provided that Utility Utilities will not pay to a third party any monies owed hereunder without the advance written direction of Owner). Utility's Utilities’ consent to any other Assignment shall not be unreasonably withheld if Utility Utilities has been provided with reasonable proof that the proposed assignee: (i) has or is prepared to obtain comparable experience and/or capability in operating and maintaining photovoltaic solar systems comparable to the System and providing services required by this Agreement; and (ii) has the financial capability to maintain and operate the System and provide the services required by this Agreement. A direct assignee from Owner of this Agreement (that is not a Financial Institution acquiring an interest pursuant to a security agreement) shall assume in writing, in form and content reasonably satisfactory to UtilityUtilities, the due performance of all Owner's ’s obligations under this Agreement, including any accrued obligations at the time of the Assignment. A copy of the Assignment agreement, fully executed and acknowledged by the assignee, together with a certified copy of a properly executed corporate resolution (if the assignee be a corporation) authorizing such Assignment agreement shall be sent to Utility Utilities not less than ten (10) days before the Contract Date of such Assignment.

Owner Assignment. Owner shall not sell, transfer or assign (collectively, an "Assignment") this Agreement or any interest therein, without the prior written consent of UtilityUtilit y, which consent shall not be unreasonably withheld; provided , however, that Owner is not required to obtain Utility's consent in order to: (a) assign this Agreement to any affiliate of Owner with an equal or greater credit rating and with the legal authority and operational ability to satisfy the obligations of Owner under this Agreement, and undertakes in writing to perform those obligations, or (b) sell, transfer, assign or pledge its interest in the System or any monies due under this Agreement to a financial institution ("Financial Institution") (provided that Utility will not pay to a third party any monies owed hereunder without the advance written direction of Owner). Utility's consent to any other Assignment shall not be unreasonably withheld if Utility has been provided with reasonable proof that the proposed assignee: (i) has or is prepared to obtain comparable experience and/or capability in operating and maintaining photovoltaic solar systems comparable to the System and providing services required by this Agreement; and (ii) has the financial capability to maintain and operate the System and provide the services required by this Agreement. A direct assignee from Owner of this Agreement (that is not a Financial Institution acquiring an interest pursuant to a security agreement) shall assume in writing, in form and content reasonably satisfactory to Utility, the due performance of all Owner's obligations under this Agreement, including any accrued obligations at the time of the Assignment. A copy of the Assignment agreement, fully executed and acknowledged by the assignee, together with a certified copy of a properly executed corporate resolution (if the assignee be a corporation) authorizing such Assignment agreement shall be sent to Utility not less than ten (10) days before the Contract Date of such Assignment.