Owner Participant's Liens. The Owner Participant covenants that it will not directly or indirectly create, incur, assume or suffer to exist any Owner Participant's Lien and the Owner Participant shall promptly notify the Facility Lessee and the Indenture Trustee of the imposition or existence of any such Lien of which the Owner Participant has Actual Knowledge and shall promptly, at its own expense, take such action as may be necessary to duly discharge such Owner Participant's Lien.
Appears in 12 contracts
Samples: Participation Agreement (Calpine Corp), Participation Agreement (Calpine Corp), Participation Agreement (Calpine Corp)
Owner Participant's Liens. The Owner Participant covenants that it will not directly or indirectly create, incur, assume or suffer to exist any Owner Participant's ’s Lien and the Owner Participant shall promptly notify Midwest, NRG, the Facility Lessee Lease Indenture Trustee and the Indenture Trustee Pass Through Trustee, in writing of the imposition or existence of any such Lien of which the Owner Participant has Actual Knowledge actual knowledge and shall promptly, at its own expense, take such action as may be necessary to duly discharge such Owner Participant's ’s Lien.
Appears in 4 contracts
Samples: Participation Agreement (Midwest Generation LLC), Participation Agreement (Midwest Generation LLC), Participation Agreement (Midwest Generation LLC)
Owner Participant's Liens. The Owner Participant covenants that it will not directly or indirectly create, incur, assume or suffer to exist any Owner Participant's ’s Lien and the Owner Participant shall promptly notify the Facility Lessee and and, so long as the Lien of the Indenture has not been terminated or discharged, the Indenture Trustee of the imposition or existence of any such Lien of which the Owner Participant has Actual Knowledge and shall promptly, at its own expense, take such action as may be necessary to duly discharge such Owner Participant's ’s Lien.
Appears in 2 contracts
Samples: Participation Agreement, Participation Agreement (Firstenergy Corp)
Owner Participant's Liens. The Owner Participant covenants that it will not directly or indirectly create, incur, assume or suffer to exist any Owner Participant's Lien and the Owner Participant shall promptly notify the Facility Lessee Old Dominion and the Indenture Trustee Agent of the imposition or existence of any such Lien of which the Owner Participant has Actual Knowledge and shall promptly, at its own expense, take such action as may be necessary to duly discharge such Owner Participant's Lien.
Appears in 2 contracts
Samples: Participation Agreement (Old Dominion Electric Cooperative), Participation Agreement (Old Dominion Electric Cooperative)
Owner Participant's Liens. The Owner Participant covenants that it (a) will not directly or indirectly create, incur, assume or suffer to exist any Owner Participant's Lien and the Owner Participant ’s Lien, (b) shall promptly notify the Facility Lessee Company, the Owner Lessor and the Indenture Trustee in writing of the imposition or existence of any such Owner Participant’s Lien of which the Owner Participant has Actual Knowledge knowledge and (c) shall promptly, at its own expense, take such action as may be necessary to duly discharge such any Owner Participant's ’s Lien.
Appears in 1 contract
Samples: Participation Agreement (Tri-State Generation & Transmission Association, Inc.)
Owner Participant's Liens. The Owner Participant covenants that it will not directly or indirectly create, incur, assume or suffer to exist any Owner Participant's Lien and the Owner Participant shall promptly notify the Facility Lessee Company and the Lease Indenture Trustee of the imposition or existence of any such Lien of which the Owner Participant has Actual Knowledge and shall promptly, at its own expense, take such action as may be necessary to duly discharge such Owner Participant's Lien.
Appears in 1 contract
Owner Participant's Liens. The Owner Participant covenants that it will not directly or indirectly create, incur, assume or suffer to exist any Owner Participant's Lien and the Owner Participant shall promptly notify the Facility Lessee RMLC, Oglethorpe and the Indenture Trustee Lender of the imposition or existence of any such Lien of which the Owner Participant has Actual Knowledge and shall promptly, at its own expense, take such action as may be necessary to duly discharge such Owner Participant's Lien.
Appears in 1 contract
Owner Participant's Liens. The Owner Participant covenants that it will not directly or indirectly create, incur, assume or suffer to exist any Owner Participant's Lien and the Owner Participant shall promptly notify the Facility Lessee and the Lease Indenture Trustee of the imposition or existence of any such Lien of which the Owner Participant has Actual Knowledge and shall promptly, at its own expense, take such action as may be necessary to duly discharge such Owner Participant's Lien.
Appears in 1 contract
Samples: Assignment and Assumption Agreement (Reliant Energy Mid Atlantic Power Services Inc)
