Common use of Permitted assignment and charges Clause in Contracts

Permitted assignment and charges. The restraints set forth in Clause 20.1 shall not apply to: (a) liens arising by operation of law (or by an agreement evidencing the same) in the ordinary course of business of the Power Station; (b) mortgages/pledges/hypothecation of Project Assets and their related documents of title, arising or created in the ordinary course of business of the Power Station, and as security only for indebtedness to its Lenders and/or for working capital arrangements for the Power Station; (c) assignment of rights, interest and obligations of the Supplier to or in favour of its as security for financing provided by them; and (d) liens or encumbrances required by any Applicable Law.

Permitted assignment and charges. The restraints set forth in Clause 20.1 18.1 shall not apply to: (a) liens arising by operation of law (or by an agreement evidencing the same) in the ordinary course of business of the Power Station; (b) mortgages/pledges/hypothecation of Project Power Station Assets and their related documents of title, arising or created in the ordinary course of business of the Power Station, and as security only for indebtedness to its Lenders and/or for working capital arrangements for the Power Station; (c) assignment of rights, interest and obligations of the Supplier Aggregator to or in favour of its as security for financing provided by them; and (d) liens or encumbrances required by any Applicable Law.

Permitted assignment and charges. The restraints set forth in Clause 20.1 19.1 shall not apply to: (a) liens arising by operation of law (or by an agreement evidencing the same) in the ordinary course of business of the Power Station; (b) mortgages/pledges/hypothecation of Project Power Station Assets and their related documents of title, arising or created in the ordinary course of business of the Power Station, and as security only for indebtedness to its Lenders and/or for working capital arrangements for the Power Station; (c) assignment of rights, interest and obligations of the Supplier to or in favour of its as security for financing provided by them; and (d) liens or encumbrances required by any Applicable Law.

Permitted assignment and charges. The restraints set forth in Clause 20.1 19.1 shall not apply to: (a) liens arising by operation of law (or by an agreement evidencing the same) in the ordinary course of business of the Power Station; (b) mortgages/pledges/hypothecation of Project Assets and their related documents of title, arising or created in the ordinary course of business of the Power Station, and as security only for indebtedness to its Lenders and/or for working capital arrangements for the Power Station; (c) assignment of rights, interest and obligations of the Supplier to or in favour of its as security for financing provided by them; and (d) liens or encumbrances required by any Applicable Law.

Permitted assignment and charges. The restraints set forth in Clause 20.1 18.1 shall not apply to: (a) liens arising by operation of law (or by an agreement evidencing the same) in the ordinary course of business of the Power Station; (b) mortgages/pledges/hypothecation of Project Assets and their related documents of title, arising or created in the ordinary course of business of the Power Station, and as security only for indebtedness to its Lenders and/or for working capital arrangements for the Power Station; (c) assignment of rights, interest and obligations of the Supplier Aggregator to or in favour of its as security for financing provided by them; and (d) liens or encumbrances required by any Applicable Law.

Permitted assignment and charges. The restraints set forth in Clause 20.1 shall not apply to: (a) liens arising by operation of law (or by an agreement evidencing the same) in the ordinary course of business of the Power Station; (b) mortgages/pledges/hypothecation of Project Assets and their related documents of title, arising or created in the ordinary course of business of the Power Station, and as security only for indebtedness to its Lenders and/or for working capital arrangements for the Power Station; (c) assignment of rights, interest and obligations of the Supplier Aggregator to or in favour of its as security for financing provided by them; and (d) liens or encumbrances required by any Applicable Law.