Common use of Permitted Assignment by Seller Clause in Contracts

Permitted Assignment by Seller. Buyer’s consent shall not be required for Seller to either (a) pledge or assign the Facility, this Agreement, or the accounts, revenues, or proceeds from this Agreement to any Lender as security for any Financing of the Facility, or (b) assign the Facility and this Agreement to an Affiliate if the then-current Development Period Security or Operational Period Security, as applicable, remains in place. Upon Seller’s reasonable request, Buyer shall (i) execute a consent to assignment associated with a Financing in a commercially reasonable form acceptable to Buyer and Seller, and (ii) provide estoppels associated with a Financing in a commercially reasonable form acceptable to Buyer and Seller. Seller will reimburse Buyer for all “out of pocket” costs and expenses Buyer incurs in connection with any requested consent to assignment or estoppel, without regarding to whether such consent is provided.

Permitted Assignment by Seller. Buyer’s consent shall not be required for Seller to either (a) pledge or assign the Facility, this Agreement, or the accounts, revenues, or proceeds from under this Agreement to any Lender as security for any Financing of the Facility, ; or (b) assign the Facility and this Agreement to an Affiliate if the then-current Development Period Security Credit Support required under this Agreement shall remain in place or Operational Period Security, as applicable, remains in placeBuyer shall receive substitute Credit Support meeting the requirements of this Agreement. Upon Seller’s reasonable request, Buyer shall shall, (i) execute a consent to assignment associated with a Financing in a commercially reasonable form acceptable to Buyer and Seller, and (ii) provide estoppels associated with a Financing in a commercially reasonable form acceptable to Buyer and Seller. Seller will reimburse Buyer for all “out of pocket” out-of-pocket costs and expenses Buyer incurs in connection with any requested consent to assignment or estoppel, without regarding to whether such consent is provided.

Permitted Assignment by Seller. Buyer’s consent shall not be required for Seller to either (a) pledge or assign the Facility, this Agreement, or the accounts, revenues, or proceeds from this Agreement to any Lender as security for any Financing of the Facility, or (b) assign the Facility and this Agreement to an Affiliate if the then-current Development Period Security or Operational Period Security, as applicable, remains in place. Upon Seller’s reasonable request, Buyer shall (i) execute a consent to assignment associated with a Financing in a commercially reasonable form acceptable to Buyer and Seller, and (ii) provide estoppels associated with a Financing in a commercially reasonable form acceptable to Buyer and Seller. Seller will reimburse Buyer for all “out of pocket” costs and expenses Buyer incurs in connection with any requested consent to assignment or estoppel, without regarding to whether such consent is provided.provided.‌

Permitted Assignment by Seller. Buyer’s consent shall not be required for Seller to either (a) pledge or assign the Facility, this Agreement, or the accounts, revenues, or proceeds from this Agreement to any Lender as security for any Financing of the Facility, or (b) assign the Facility and this Agreement to an Affiliate if the then-current Development Period Security or Operational Period Security, as applicable, remains in place. Upon Seller’s reasonable request, Buyer shall (i) execute a consent to assignment associated with a Financing in a commercially reasonable form acceptable to Buyer and Seller, and (ii) provide estoppels associated with a Financing in a commercially reasonable form acceptable to Buyer and Seller. Seller will reimburse Buyer for all “out of pocket” costs and expenses Buyer incurs in connection with any requested consent to assignment or estoppel, without regarding to whether such consent is provided.provided.‌‌